This article is from the Australian Property Journal archive
GDI Property Group has unveiled a strategy to buy and upgrade buildings to meet green standards.
GDI managing director Steve Gillard said the Go-Green Program will help the company find green building buying opportunities, Government grant eligibility and building energy and emission savings.
The Sydney-based property group is working closely with Damien Moran from HFM Asset Management – a specialist utility management consultancy focused on utility and operational performance improvements in the commercial property sector – to implement the Go-Green program.
So far, the program has yielded two successful Federal Government grant applications where 50% of proposed capital infrastructure upgrades will be funded by the Green Building Fund.
The combined value of the grants – $637,537 – will be allocated towards the GDI No 27 Fund ($263,112) for 108 King William Street, Adelaide, and GDI No 29 Fund ($374,425) for 251 Adelaide Terrace, Perth.
“The GDI Property Group to date has 11 buildings in Australia and we will be adopting all of the technologies proven to be successful from this project into the remainder of our portfolio.
“Our next major Green project will be our most recent purchase at 25 Grenfell Street, Adelaide, where we will be minimising carbon dioxide emissions while capturing significant capital and operational savings. This property is in our latest fund now open for investment, The GDI Premium Office Trust,” Gillard concluded.
Australian Property Journal
