27 Apr 2023

PMG News
Sustainability

We are thrilled to say that in the last three months of the financial year, three PMG properties have 4.5+Star NABERSNZ energy ratings for the first time representing excellent energy performance for the buildings in all three cases.

  • 123 Victoria Street, Christchurch - 5 stars base building
  • 70 Gloucester Street, Christchurch - 4.5 stars whole building.
  • 6 Alderman Drive, Auckland – 4.5 stars base building

Achieving 4.5 stars for Alderman Drive is particularly notable in that it was built circa. 1986, which pre-dates the era where sustainability features started to be ‘built-in’ to buildings during their construction. Hence the building infrastructure was less sophisticated in terms of energy efficiency. Over the years we have incorporated and retro fitted a number of sustainability and energy efficiency systems into the building to achieve this ‘excellence in energy efficiency’ Star rating:

  • Upgraded the HVAC Chiller in 2019 which can be phased to function for specific floors that require longer operating hours.
  • Replaced all the base building lighting to sensors and LED lights and installed a solar control film on the windows which reduce the solar glare and heat by 60%.
  • Audited the entire building to ensure there is a clear split of power between tenants and base building.
  • Installed a building management system in 2022 which monitors the power consumption across the building and alerts us to any spikes in usage so we can manage (and reduce) the power proactively.

Having energy efficient buildings is a win win for both our tenants and investors and it’s been a solid 18 months of work by our expert FM Team, to get these ratings across the line. We’re proud of PMG’s sustainability journey to date.

Related News & Insights

View all News & Insights
 PMG Property Team welcomes Sam Sherning and Gillian Blanchard
PMG News
Our Team
PMG Property Team welcomes Sam Sherning and Gillian Blanchard
At PMG, we’re committed to delivering great outcomes not only for our tenants and investors, but also for the talented team who make it all...
 The next tech revolution: what it means for commercial property
Investment
Property Management
PMG News
The next tech revolution: what it means for commercial property
At PMG’s 2025 Outlook Series, industry leaders discussed the key challenges and opportunities shaping the future of commercial real estate (CRE). One thing was clear:...
 Insights from our Outlook series
PMG News
Insights from our Outlook series
PMG had the privilege of hosting many of our valued investors, partners, tenants and suppliers at our recent Outlook 2025 series. In the face of...