Sustainable Property Development

7 Eden Park, Macquarie Park NSW
Designed to achieve a 4.5 Star NABERS Energy rating

Development, almost by definition, impacts the environment. Property Developments aspires to minimise this impact by sourcing and valuing quality design and construction services. By creating a high quality product, Property Development enhances the value its developments bring to its occupants, the community, and its long term owners. Aside from managing risk, Property Development’s focus on sustainability leads to a variety of commercial opportunities.

These include:

  • Building a reputation for creating a high quality product
  • Attracting high quality tenants
  • Enhancing relationships with various tiers of government
  • Creating savings in development and operating costs
  • Attracting rebates and reduced infrastructure charges based on reduced utility requirements
  • Obtaining cost savings from reduced resource consumption and wastage, as well as funding for alternative energy and water sources

Summary of 2008 Actions and Indicators

Property Development’s focus on sustainability was formalised by its commitment to a number of Key Actions for the Financial Year 2008. These included:

  • Committing to an accredited 4.5 star NABERS Energy and a 4.5 star Green Star rating for all new commercial developments (weighted average by NLA)
  • Reporting all construction materials and site environmental impacts
  • Reporting volume and balance of cut and fill for all industrial subdivisions
  • Reporting all actions to enhance the ecology of developments
  • Reporting all instances of ecological or heritage significance
  • Committing all Property Development’s employees to complete a Green Star Accredited Professional Course
  • Developing a plan for enhancing awareness and education of sustainability across the Property Development’s business

Property Development’s was successful in achieving the above Key Actions, highlighting that the pursuit of sustainability is fundamental to how it operates its business, because it not only makes environmental sense, it makes business sense.