CBRE Investment Management Achieves Five-Star Sustainability Accreditation for Sydney Office Tower
May 26, 2022
CBRE Investment Management announces that 118 Mount Street, a Class A office tower located in North Sydney and owned on behalf of a German real estate fund, has been awarded Five-Star Green Star Design and As-Built Certification ratings from the Green Building Council of Australia. Designed to capture renewable energy, the building achieved the environmental ratings as a direct result of its use of sustainable building materials in construction of the tower, energy and water operations efficiency, enhanced air filtration, and the use of rooftop solar panels.
Known as Zurich Tower, 118 Mount Street is a recently built, 29-story, 21,405-square-meter office building featuring floor-to-ceiling windows allowing in abundant natural light, an outdoor terrace, 14 showers, 202 lockers, 190 bike racks, and charging stations for electric vehicles. The property is located close to North Sydney’s cafés, restaurants, and other lifestyle amenities and offers convenient access to public transportation via the North Sydney Station and the planned Victoria Cross Metro.
“Zurich Tower is considered a distinctive new landmark on the North Sydney skyline, and we are proud of the hard work of our entire team and our partners, Zurich Australia, Roberts Co., White and Partners, and Generate Property, that has resulted in this accreditation. We believe that the significant investment we have made in the sustainable, innovative design and operation of this property will ensure that it is a sought-after office destination where people, teams and organizations can thrive and find inspiration for years to come,” said Chris Johnston, Managing Director, Direct Private Real Estate, Australia and New Zealand, CBRE Investment Management.
The Green Building Council of Australia considered several factors when awarding the ratings, including:
- Corporate Social Responsibility
- Economic and Financial Factors
- Quality of Design and Finish
- User Satisfaction
- Industry Perception
- Operation and Maintenance
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $146.8 billion in assets under management* as of March 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2021 revenue). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.