Clean Energy Finance Corporation taps into Melbourne Quarter

Lendlease's emerging Melbourne Quarter precinct in Melbourne's Docklands area bordering the old city grid will be given a sustainability nudge by the federal government's Clean Energy Finance Corporation through a $100 million equity investment.

While Lendlease, in its role as a developer, is pursuing the broader $2.5 billion seven-tower project, its investment arm, the Australian Prime Property Fund Commercial, also has an exposure, taking stakes in two office buildings so far.

The clean energy fund has now made a $100 million equity commitment to APPF Commercial, which controls a broader $4.5 billion portfolio of 21 assets, including the two Melbourne Quarter office towers.

The Lendlease-run fund has impressive green credentials already – it was rated the world's most sustainable real estate fund in 2014, 2015 and 2017 – and the CEFC is aiming for its latest investment to drive energy efficiency across the broader Melbourne Quarter precinct.

Read the full story at afr.com.

Victoria Krisman
Victoria Krisman is Interactive Media Specialist for the Intelligent Community Forum.
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