12 Jul 2024
In 2021, PMG’s Direct Office Fund acquired 152 Fanshawe Street with the goal of transforming it into a more energy-efficient building, aiming to achieve a high NABERS rating.
This initiative was part of PMG’s broader strategy to enhance the operational efficiency and sustainability of its properties, aligning with contemporary environmental standards, tenant expectations and future regulations.
Upon acquisition, the building presented several challenges, including inaccurate metering of tenant and landlord utilities, uncontrolled HVAC systems, and outdated infrastructure.
Over the past three years, PMG has implemented several sustainability and value-add features and systems, which make environmental and financial sense to both tenants and investors, and within our business (as a fund manager).
Download the full case study here to read more about PMG's approach, value-add projects and enhancements that contributed to the 5.5 Star NABERS rating achieved earlier this year.
Disclaimer: The information in this blog is general and current as of July 2024. It is not intended as regulated financial advice under the Financial Markets Conduct Act 2013 and does not consider your specific circumstances. PMG does not provide financial advice. Please consult a licensed financial advisor before making investment decisions.
