- Mulpha's ambitious and sustainable new residential development will be in Sydney's Hills district
- CEFC is backing this development with an $80 million loan
- The YARDS sets a new high bar for future industrial developments
Mulpha‘s new sustainable residential development in Sydney’s Hills district, Norwest Quarter, is receiving an $80 million green loan from the Clean Energy Finance Corporation (CEFC), in order to reduce energy costs by as much as 50%.
The CEFC position is being matched by an $80 million green loan from ANZ.
Stage 1 of Norwest Quarter is set to deliver 196 net zero-ready apartments that will consume 50% less electricity from the grid and will be powered by 100% renewable energy with an all-electric and gas-free design.
CEFC CEO Ian Learmonth says the project is proof of how low emission buildings and further development of the circular economy can be achieved with existing technology.
“Renewables are one of the lowest cost forms of energy and are a great place to cut energy costs and reduce our carbon output,” Learnmonth said.
“Sustainable high density residential buildings have a leading role to play in the future of our cities and are particularly relevant to growing areas like north-western Sydney.”
Learnmonth added that Norwest Quarter is an ambitious development that has innovated by taking a holistic approach to optimise sustainability at every level of the building process.
“As one of Australia’s first master planned urban precincts to incorporate sustainable aspects from the design stage, Norwest Quarter residents will be able to reap the benefits of the buildings and reduce their carbon footprints into the future,” he said.
“By reducing the energy used by our homes, appliances and vehicles and switching to renewables we can make a sustainable change to how energy is used across the towns and cities of Australia.”
The YARDS score a coveted rating
Located in Kemps Creek, New South Wales, The YARDS, which is currently under construction, will accommodate more than 14 state-of-the-art facilities of approximately 400,000 sqm across 77 hectares.
It’s achieved the highest possible 6 Star Green Star Communities rating, the first industrial estate to be bestowed this honour.
The Green Building Council Australia (GBCA) Green Star – Communites rating tool accounts for the planning, design and construction of large scale development projects at a precinct, neighbourhood and community scale.
Chief Executive Officer at Green Building Council of Australia Davina Rooney says The YARDS is a world-leading project displaying the future of work, today.
“Created by one of our industry’s leading innovators – Frasers Property Industrial in partnership with Aware Real Estate – The YARDS is a place where sustainability. community and technology intersect to create a neighbourhood that boosts the wellbeing of staff while being well connected,” she said.
“This is the future of industrial and an achievement worth celebrating.”
