Leading with energy
ISPT has a proud record of investing in energy-efficient buildings in line with our corporate values of responsibility and sustainability. Our assets include some of Australia’s greenest A Grade office sites and our commercial property portfolio has achieved a high 4.8-star average energy efficiency rating under the National Australian Built Environment Rating System (NABERS). These smarter energy practices are also highly cost-effective, producing $27 million in savings for ISPT and our customers and tenants over the past decade.
In the same spirit of sustainable investment practices, ISPT has initiated the first phase of a National Solar Project, installing solar photovoltaic (PV) panels on the rooftops of 13 major buildings across our portfolio. Some 13,000 sqm of solar PV panels will be installed in nine commercial buildings and four retail centres and will begin converting sunlight to electricity in late 2017. This renewable energy will in turn supply power to more than 350,000 sqm of office and retail space.
ISPT’s $1.2 million investment in this first stage of a four-stage, four-year solar power plan, is forecast to produce a full return on investment in 3.5 years. It will see our customers and tenants benefit from lower power bills and greater energy security. For our Investors, our market leadership in this area will deliver a low energy property investment.