This article is from the Australian Property Journal archive
TASMANIA’S $9.2 billion super fund, Tasplan Superannuation Fund, has committed $50 million to EG’s High Income Sustainable Office Trust (HISOT), prompting cornerstone investor, the Clean Energy Finance Corporation (CEFC), to invest a further $25 million.
HISOT targets office assets with low National Australian Built Environment Rating System (NABERS) energy ratings with opportunities for repositioning.
“EG is pleased to have the opportunity to further diversify the fund through the acquisition of 2-3 new assets. We believe that older building stock offers great opportunities for balancing sustainability with commercial returns.” EG associate director Michael Noblet said.
Launched in 2016, the fund is supported by CEFC, Uniting Financial Services and Deakin University. HISOT has acquired three assets, East Block, Canberra, 42 Macquarie St Canberra and 95 North Quay Brisbane.
“Tasplan is excited to invest in a fund that is delivering a strong investment return for our members whilst making a meaningful positive impact to the environment,” Tasplan CEO Wayne Davy said.
As a result of Tasplan’s commitment, a cornerstone investor, CEFC has committed a further $25m to the fund.
CEFC investment funds Lead Rory Lonergan said, “This is another important milestone for HISOT. We are delighted to see this additional investment from Tasplan which will support innovative projects to lift the energy efficiency of existing buildings, extending their life as well as cutting their carbon footprint.”
Australian Property Journal
