JLL improves sustainability credentials of their asset thanks to Sustainability Incentives Scheme
Adelaide is serious about becoming carbon neutral is the message to property investors, thanks to the Sustainability Incentives Scheme.
For global real estate management firm JLL, participating in the Sustainability Incentives Scheme simply made sound business sense.
“This is being readily taken up to bring significant benefit to not only the owners of the assets and their tenants, but to the broader global fight against climate change,” said JLL’s Director of Engineering and Operational Solutions in South Australia, Paul Lemmey.
The company was keen to improve the NABERS (National Australian Built Environment Rating System) rating for the premium office building it manages at 45 Pirie Street, Adelaide by installing a large solar array, and a rebate reduced expenditure on the investment by around 3%, helping to deliver a positive long-term return to investors. Under the scheme, JLL was approved to receive up to $5000 on a percentage scale against total expenditure.
“We wanted to improve both capital value and rental returns through improved sustainability credentials of the asset,” said Mr Lemmey.
“The system has produced an average 12.5MWh of energy per month since commissioning, saving the owner around $2500 in energy costs from the grid per month.”
Using renewable energy and reducing their carbon emissions means that JLL are playing their part in contributing to a carbon neutral Adelaide.