The NSW government has tapped into the intellectual property of Colonial First State Global Asset Management (CFS GAM) to produce an online resource advising on the sustainable development and maintenance of commercial properties.
To compile the Sustainable Property Guide, an online resource released yesterday by the NSW department of the environment and climate change (DECC), the government drew on an internal guide developed by the CFS GAM property team that was used to assess and improve the sustainability of properties.
Griffin, head of sustainability – property and alternative investments at CFS GAM, said the sustainability of commercial properties was broadly measured by the efficiency of energy and water consumption, the amount and type of waste produced, plus the extent of recycling undertaken.
While embedding sustainable processes in properties involved additional up-front costs, they could provide a better return than less resource-efficient buildings.
“If you can lower the operating costs, it means that you can get more in income,”
The guide is focused on commercial properties such as offices, hospitals, restaurants, hotels, education facilities, retail and wholesale premises.
Parliamentary secretary Penny Sharpe released the report, representing Carmel Tebbutt, deputy premier and minister for the environment and climate change, at the heritage-listed building, The Mint, on
Macquarie St, Sydney.
He said the next step in the manager’s collaboration with the government was to help provide training for property business owners to improve the sustainability of their holdings,
Neil Cochrane, deputy CEO and global head of business development at CFS GAM, said the manager was happy to provide, upon request, DECC with its intellectual property about sustainability.
“We don’t want to keep the intellectual property if we can raise the tide by sharing it”.
The guide is freely available from the DECC web portal.