Environment, Social, Governance

Our office asset, Grosvenor Place has undergone a significant transformation to improve its use of resources and commit to carbon neutrality.

Since 2022, the office asset has been powered by 100% clean energy, with 5000 tonnes of CO2 emissions saved through a 44kW solar panel array onsite. LED Lighting has been installed throughout tenancies to provide industry-leading power densities (4W/sqm). We have worked with building occupiers to install smart meters to accurately monitor the building’s water and energy usage as we work towards our resource efficiency targets.

In 2022, Grosvenor Place diverted 40 tonnes of food waste from landfill through an in-house dehydrator and welcomed some new tenants – 60,000 bees across two beehives, installed in partnership with Rooftop Bees,  to help increase Australia’s healthy bee population.

With some amenities in 1 York Street nearing the end of their expected lifespan, 151 Property engaged Nutbrook Group to identify what was needed to improve the building’s efficiency and services. Following the strategic review, we commenced an overhaul of the building’s mechanical services, replacing its boilers and chillers and upgrading the air delivery system and building controls.

The mechanical works package, scheduled to complete mid 2022 has already delivered a 4.5 star NABERS Energy rating and is estimated to reduce energy consumption between 40-48% and significantly improve the comfort and experience for occupiers.

Our Build-to-Rent sector is committed to building sustainable communities that positively impact the environment. To help reduce our assets’ environmental footprint, we have partnered with Unpackaged Eco – a Melbourne-based zero-waste company which offers customers a new way to shop without packaging.

We are proud to launch Unpackaged Eco’s automatic dispensers of Australian made, natural, eco-friendly household products in our first Build-to-Rent asset, 36 Lambert, and look forward to rolling these out across our Build-to-Rent network.

In 2021 our NZ team took part in a tree planting conservation project along the Papakura River in Brookby, Auckland. The project formed part of the Government’s plan to clean up NZ waterways, which have been polluted by farm run off.

Our NZ Portfolio Manager Ryan Carter and Asset Manager Benjamin Twigden, together with six representatives from our NZ office portfolio property manager Bayleys Property Services, joined 22 other volunteers to plant over 1200 trees! The team planted enough trees to absorb 9,240kg of CO2 per year! Importantly, this equates to offsetting 10% of the annual energy consumption of one of our office assets.