Matt Fisher EUA Coordinator Overview of Parramatta today Overview of - PowerPoint PPT Presentation

Matt Fisher – EUA Coordinator

Overview of Parramatta today

Overview of Parramatta today

Overview of Parramatta today

Existing Building Stock

Existing Building Stock % % of CBD office buildings by age

Existing Building Stock 49% 20 – 30 years old % % of CBD office buildings by age

Existing Building Stock 1990’s (23%) Existing plant: Modern air distribution, poor thermal zoning • No outdoor air economy cycles in some cases • Low energy efficiency type thermal plant • Upgrades Likely: Higher efficiency plant (VSD, chillers) • Building tuning • Estimated upgrade costs @ $220/m 2

Existing Building Stock • $150M investment in upgrades • $26M reduced of outgoing costs • 148 full time jobs • 472,000 tonnes CO 2 –e abated • 1.4 GL of water saved Over 8 years – 65% NLA uptake

Existing Building Stock 49% 20 – 30 years old % % of CBD office buildings by age

2022 ‐ Building Stock in 10 years 49% 20 – 30 years old % Additional 300,000 sq. m by 2022 % of CBD office buildings by age

2022 ‐ Building Stock in 10 years 54% 20 – 30 years old % 37% Additional 300,000 sq. m by 2022 17% % of CBD office buildings by age

Existing Building Stock Built 1982 • Plant old and breaking down • High maintenance costs • Tenant complaints • Poor tenancy retention • High vacancy levels • Low appeal in the market

The case for upgrading $6M HVAC + Reclad $6M increase in value • 20% increase rental return • 50 % reduction in energy use • NABERS rating from 1 to 4 stars •

Developing EUA Systems Internal Engagement Council / CEO • EUA Coordinator ‐ • Environment Rates • Finance • Development Services • IT • System development and implementation involves all departments. BUY IN..

Developing EUA Systems Process Design • Forms • Procedure manual • Training • …. 3 months Similar for all Councils

Engagement WE HIT THE GROUND RUNNING…. • Targeted education and marketing • Contacted large property groups • Contacted building owners • Education sessions • Did building data analysis – age and large buildings

Engagement

Engagement • 9 months later…Why so long? • Large industry Transformation • These are large investments • Detailed information needed • Built examples will help • ‘Tipping Point’

First EUA in NSW 10 Valentine Avenue • EUA Initiated by NSW State Property Authority • Lighting upgrade ‐ 16,000 sq.m • Environmental benefit • SPA – Net positive position • SPA enjoys better amenity and productivity • Australian Unity – receives tenant contribution • Mutually improved relationship • Building life extended

First EUA in NSW 10 Valentine Avenue • EUA Initiated by NSW State Property Authority • Lighting upgrade ‐ 16,000 sq.m • Environmental benefit • SPA – Net positive position • SPA enjoys better amenity and productivity • Australian Unity – receives tenant contribution • Mutually improved relationship • Building life extended