01Performance

CEFC ANNUAL REPORT / 2015–16

Quintessential Equity

The CEFC is lending unlisted property fund manager Quintessential Equity $68 million to “stretch” the building design of a $120 million 14-level commercial office tower in Geelong.

Project scope

The 1 Malop Street development merges Geelong’s historic Dalgety & Co building into a landmark new property development. The project will create the first multi-storey commercial office building outside the Melbourne CBD to achieve a 5.5 star base building energy rating under the National Australian Built Environment Rating System (NABERS).

The CEFC’s finance will ensure the building is designed and constructed to a higher environmental standard than otherwise planned. The building will incorporate a number of key energy efficiency initiatives including:

  • Improved heating and air-conditioning system
  • Advanced building management systems
  • Improved façade design, including higher performance glazing
  • Rooftop solar PV.

Looking to the future

Investing in construction to the highest standard makes good longer-term economic sense, with commercial buildings often having lifespans of 40 years or more. The CEFC’s investment is contributing to the development of industry skills and capacity to support further construction to higher NABERS standards for other properties. It is also enabling the Quintessential development to showcase the attractions of low emissions, employee-friendly office spaces.

We are excited our new home will become a case study for those striving to develop and provide 21st century commercial office buildings specifically tailored to modern workforces and working practices. WorkSafe Victoria Chief Executive
Claire Amies