Runaway Bay Centre achieves 6-Star NABERS Energy Rating

Runaway Bay Centre Achieves Top Sustainability Ratings

Runaway Bay Centre has reached a significant milestone in sustainability, achieving a 6-star NABERS Energy rating and a 4.5-star NABERS Water rating. This accomplishment underscores the commitment to environmental responsibility within Greenpool Capital’s portfolio.

Since its acquisition by Greenpool Capital in late 2021, the shopping centre has seen a remarkable improvement in its sustainability performance. Previously holding a 4-star NABERS Energy rating and a 3-star NABERS Water rating, the centre’s progress reflects targeted investment and strategic upgrades.

A key driver behind this achievement is the installation of a 1.3MW photovoltaic solar system, which has led to a 50% reduction in electricity usage and a 60% decrease in associated greenhouse gas emissions. These efforts not only contribute to environmental sustainability but also enhance operational efficiency.

With its improved energy performance, Runaway Bay Centre now ranks as the sixth-largest shopping centre in Australia to attain a prestigious 6-star NABERS Energy rating. Greenpool Capital credits this success to the dedication of the centre’s operational and management teams, who have worked diligently to achieve these sustainability benchmarks.

NABERS ratings play a crucial role in the property sector, offering investors and property managers a reliable benchmark for environmental performance. A strong NABERS rating not only demonstrates a commitment to sustainability but also reinforces the asset’s long-term operational efficiency strategy through improvements in energy and water use.

This milestone marks a step forward in Greenpool Capital’s broader commitment to responsible asset management and environmental stewardship, reinforcing the importance of sustainable practices in the retail sector.