Collins Arch to receive $100 million investment towards greater sustainability
The Clean Energy Finance Corp (CEFC) is providing a $100 million finance facility for Cbus Property’s* Collins Arch development in Melbourne, highlighting the building as an industry leading project in urban sustainability.
With its clean energy technologies, the Collins Arch development is an example of how Cbus Property is contributing to new environmentally sustainable standards in cities with a low carbon approach to building design. Cbus Property’s position as a market leader in sustainable building development was an attractive drawcard to the CEFC, who look for investments that have a strong focus on reducing greenhouse gas emissions.
Technology such as energy efficient facades and high efficiency air conditioning; and the capacity for residential electric vehicle charging are expected to deliver a minimum 20 percent reduction in the building’s carbon footprint. This investment will help build towards Cbus Property’s commitment to achieve net zero carbon emissions by 2030.
*Cbus Property Pty Ltd is a wholly-owned subsidiary of Cbus and has responsibilities for the development and management of Cbus’ direct property investments.