In a first, Sustainable Melbourne Fund has invested in a retrofit of an owners corporation-owned commercial building.
The Sustainable Melbourne Fund investment will contribute $440,000 to the retrofit of 55 Swanston Street in Melbourne, which will include the installation of an energy efficient chiller unit.
Scott Bocskay, Sustainable Melbourne Fund chief executive, says owners corporations find it ‘almost impossible’ to access capital for environment upgrades.
“The availability of funding through our investment program for owners corporations is a key step toward boosting retrofit activity in Melbourne,” Bocskay says.
“We hope that this investment by Sustainable Melbourne Fund will result more owners corporations undertaking building retrofits.”
Owners corporations own 21.5 percent of commercial buildings in the City of Melbourne, and hold 22.5 percent of total net lettable area.