The Clean Energy Finance Corporation (CEFC) will contribute $68 million towards a 14-level office development that will be the headquarters of WorkSafe Victoria from mid-2018.
Boasting 15,500 sq m of office accommodation, the $120 million, multi-story development is the largest commercial office project to receive finance from the CEFC which invests in renewable energy, energy efficiency and low emissions technologies.
The funds will go to Quintessential Equity to develop the site at 1 Malop Street, Geelong.
It will become the first office building outside of the Melbourne CBD to achieve a 5.5 star National Australian Built Environment Rating System (NABERS) base building energy rating.
In fact only nine buildings in Victoria have achieved a 5.5 star NABERS base building energy rating.
CEFC chief origination and transactions officer Paul McCartney, said higher NABERS rated properties consistently outperform their lower rated counterparts with a range of ongoing benefits, including the ability to command higher returns and attract long-term quality tenants, while operating with lower energy use costs and lower emissions outputs.
WorkSafe Victoria CE Clare Amies said the NABERS 5.5 star rating will complement the building’s 6-star Green Star rating.