Subscribe to Newsletter
  • ACQUIRE
  • JAPAN ENERGY SUMMIT

logo

  • Energy
  • Construction
  • Resources
  • Trending
  • Business Insight
  • Events
  • Magazine
  • Advertise
  • Contact
Home
  • Home
  • Energy
  • Construction
  • Resources
  • Trending
  • Business Insight
  • Events
  • Magazine
  • Advertise
  • Contact

Investa and Built partner for new brown to green investment venture

01 Jun, 2023
urban
Sydney CBD


Australian construction and development group Built, and Australian investment manager Investa, have partnered to launch a new Sustainable Adaptive Reuse venture that focuses on the challenge and opportunity of repurposing ESG-obsolete CBD assets into sustainable A-grade commercial office buildings.

The venture presents a unique opportunity to acquire, unlock, and transform existing secondary assets.

Approximately 80 per cent of ‘mature city’ office buildings which exist today will still be in use in 2050.

To meet net zero commitments, existing commercial stock will have to be retrofitted at a rate of between 3 to 3.5 per cent per year.

The venture leverages the strong sustainability credentials of both partners, as well as Built’s extensive development and construction experience in unlocking complex heritage redevelopments, and Investa’s recognised integrated property platform and development capability.

It aims to provide a unique turnkey solution to this ESG challenge and a pathway to build a high quality Australian commercial office portfolio.

Bringing new life to secondary assets, the venture is seeking to have significant reductions in embodied carbon of 40 per cent and target minimum 5-Star NABERS weighted average portfolio rating.

Through adaptations in development, the buildings will be fully electric and target Green Star and WELL building ratings and, upon stabilisation, the buildings will be net zero Scope 1 and Scope 2 emissions.

Investa Chief Executive Officer Peter Menegazzo said: “We are delighted to work together on this venture signifying the coming together of two leaders in their fields.

“Repurposing ESG-obsolete assets to create bespoke, high quality and amenity-rich workplaces with leading ESG credentials for forward thinking employers to occupy is a theme we strongly believe in both from an occupier and investor perspective.”

“Owners who have not invested in their assets, or who have held onto low grade stock, face both asset devaluation as well as asset obsolescence – it is here where the venture will focus.

“This theme is resonating strongly with investment partners, with a number of investors actively engaged in reviewing opportunities.”

Built Managing Director and CEO Brett Mason added: “With the high market demand for sustainable assets from both investors and tenants here to stay, we’re excited to partner with Investa and create an opportunity that offers a unique ability to identify, deliver and manage high quality ESG commercial office developments in the one venture.

“We’ve proven the success and increased demand for a new ‘Brown to Green’ approach through our own experience with boutique developments like Sub Station No. 164 which saw the conversion of two disused heritage industrial buildings into a contemporary, character-laded, 6-Star Green Star office tower.

“Not only did the retention of the original buildings in construction reduce embodied carbon by 23 per cent in comparison to a conventional build, Built also secured an international fund partner and fully leased the building during Covid and challenging economic conditions showing the market demand for these types of assets.”

Related Articles

International Built Environment Week (IBEW)

BEX Asia (The Built Environment Expo) - The Future of Built Environment

BEX Asia (The Built Environment Expo) – The Future of Built Environment

ArchiBuild Expo

ArchiBuild Expo

Net Zeo Construction Summit

Net Zero Construction Summit

Comments

Leave a comment Cancel reply

You must be logged in to post a comment.

Breaking

  • Energy
  • Construction
  • Resources
20 May

Snowy 2.0 workers strike over pay disparity

16 May

Long-duration batteries key to renewable reliability

16 May

Rural not-for-profits drive clean energy in regional Australia

13 May

NSW unveils 10 Central-West Orana renewables projects

13 May

Australia’s grid hits record 43 per cent renewables in 2025

13 May

ResiLoop drives Melbourne flooring waste recycling revolution

13 May

Melbourne housing growth exposes environmental crisis

08 May

NABERS SPI 2025 launches milestone

29 Apr

Salta achieves first 5-Star Green Star industrial milestone

28 Apr

GCCA launches world’s first low carbon ratings system

13 May

Queensland resources sector drives energy transition

08 May

Global energy mix shifts slowly toward fuel alternatives

08 May

Clean energy mineral rush fuels rights abuses

29 Apr

Mitsui invests $1b in US low-carbon ammonia project

24 Apr

Collie’s industrial transformation accelerates with major project milestones

  • BATTERY ASSET MANAGEMENT SUMMIT

Online Magazine

    Current Cover
  • Login
  • Subscribe

Subscribe

Subscribe to Newsletter

Our Titles

  • Share on Newsletter
  • Share on LinkedIn
  • Share on Twitter
  • Home
  • Contact Us
  • Terms and Conditions
  • Privacy
© Sage Media Group 2025 All Rights Reserved.
×
Authorization
  • Registration
 This feature has been disabled
 This feature has been disabled until further notice, however you may still register
×
Registration
  • Autorization
Register
* All fields required