sustainability

The private Milligan Group has won initial approval for plans to develop a near $2bn skyscraper in the heart of the Sydney CBD.

In a first for Sydney, a hotel constructed using a new form of sustainable timber has changed hands as investors continue to swoop on the inner city commercial property market.

New data has found the estimated insurance loss from the flooding in parts of NSW and Queensland earlier this year has reached more than $4 billion. For many business owners, affording the insurance premiums has been a major hurdle in the rebuilding process.

The lack of actual greenery in top-rated environmental projects has prompted criticism of how standards are being applied.

Only 20% of office strip-out waste is recycled, a scary thought given the amount of companies making moves post-pandemic. Thankfully, sustainable change is afoot.

The water-saving efforts of the QV1 Building in the Perth CBD have secured it a top accreditation in waterwise practices and sustainability.

Affordable all-electric technologies, powered by renewable energy, are fast becoming the new norm for new commercial developments, and for existing buildings.

The former Sidetracked Entertainment Centre in Oakleigh South has been sold for $17m. And the new owner’s plans for the go kart venue involve four-wheeled vehicles.

As more businesses adopt sustainability targets, they are increasingly focused on the environmental impact of the spaces they own and occupy. In the commercial real estate space, proof of this can be seen in the growing demand for properties with high environmental ratings such as the National Australian Built Environment Rating System.