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.