AND FINALLYREAL ESTATE INVESTMENT TRUSTS & FUNDS

Vicinity achieves top Green Star rating

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VICINITY Centres is the highest rated retail property group in Australia after receiving a 4 Star Green Star Performance rating from the Green Building Council of Australia.

The group’s first rating in 2016 was two stars, the current average for Australian buildings. Its Chadstone, Mandurah Forum, Queens Plaza and Elizabeth City Centre shopping assets are 39 that have received a 4 Star Green Star Performance rating by the GBCA in 2019.

Melissa Schulz, general manager, sustainability at Vicinity said the group had delivered an 11% reduction in its carbon emissions intensity.

Key measures recognised by the GBCA included its $73 million national solar program, heating, ventilation, air-conditioning and cooling maintenance and replacement, waste management, and strategy to reach net zero carbon by 2030.

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