The North Sydney office asset is the first in NSW to receive the rating. Image – Canva
  • The office asset is a market leader in waste management
  • NABERS has rated 78% of office space in Australia
  • 32 Walker St was acquired by EG's Australian Core Enhanced Fund in 2021

Property fund and developer EG‘s North Sydney office asset has become the first building in New South Wales and only the second in Australia to achieve a 5-star NABERS Rating for waste management.

The achievement makes 32 Walker St a market leader in waste management.

It comes at a time more and more investors are adding environmental, social and governance (ESG) criteria when building their real estate portfolio.

EG’s Head of ESG, Ian Lieblich, believes the rating is reflective of EG.

“The Rating is indicative of the extensive tenant engagement EG undertakes as part of our approach to asset management, partnering with all our stakeholders in our commitment to environmental stewardship,”

“Reducing waste to landfill and investing in the circular economy is part of EG’s commitment to building in good for a more equitable future,”

Ian Lieblich, EG’s Head of ESG

The asset which was purchased by EG’s Australian Core Enhanced Fund (EG ACE) in 2021 achieved the impressive rating while servicing its 16 tenants across 15 floors.

NABERS, the National Australian Built Environment Rating System, awards ratings in the areas of energy, water, indoor environment and waste.

To receive a five-star waste rating, the office building performed excellently on recycling, waste generation, resource recovery and supply chain management.

NABERS has rated 78% of office space Australia-wide.

“The 5 Star NABERS Waste Rating achievement at 32 Walker Street sets an exciting example that will encourage others to follow,” said NABERS Acting Director, Leigh Burnell.

“It is energising to see our NABERS customers driving improved environmental efficiencies in waste management to support a more sustainable built environment”.

You May Also Like

Cromwell Property Group (ASX: CMW) to kick off green loan this month

The company will transition its $130 million bilateral loan with CBA on the Cromwell Riverpark Trust to a green loan certified by the Climate Bonds Initiative.

Latest deal brings Dexus holdings in Celsus to 73%

A trio of deals have seen Dexus acquire a combined 30.58% interest in Royal Adelaide Hospital PPP

Property Funds Association of Australia appoints Melissa Kingham as President

Kingham will become the organisation’s first female president

Shoalwater Shopping Centre listed for sale, and Arcana Capital acquires $25M in offices

The latest listings and transactions include offices and shopping centres