Buy Lease Buy or Lease Recent Transactions
You must specify a region, suburb, postcode or property ID ×
Any property type Agribusiness Health, Retirement & Aged Care Hotel & Leisure Industrial & Logistics Land & Development Site Office Retail Showroom & Bulky Goods Any Business Category Accommodation/Tourism Automotive Beauty/Health Education/Training Food/Hospitality Franchise Home/Garden Import/Export/Whole Industrial/Manufacturing Leisure/Entertainment Professional Real Estate Retail Rural Services Tech & Media Transportation/Distribution
Commercial property in Victoria is about have an opportunity to increase their sustainability, as ...
Commercial property in Victoria is about have an opportunity to increase their sustainability, as the government announced $3.59 million worth of funding to help increase commercial energy efficiency in the state.
Minister for Environment and Climate Change Ryan Smith said the Coalition government's 'Smarter Resources Smarter Businesses' program aims to increase business productivity and reduce the overall costs of commercial property investment.
"The commercial building sector is a significant consumer of energy and producer of greenhouse gas emissions, with older and less efficient office buildings estimated to emit the equivalent of more than 1.3 million tonnes of CO2 per year," said Mr Smith in an August 26 statement.
"The Smarter Resources Smarter Business – Energy Efficient Office Buildings program is expected to reduce CO2 emissions by more than 140,000 tonnes over 10 years."
The program offers three different aspects of help for business owners. First, it will give owners the opportunity to identify the current aspects of the building that could need changing or fine-tuning.
Aspects like lighting, heating and ventilation are all considered, evaluated, and given the opportunity for sustainable adaptation.
Once these factors have been identified, the program offers a simple, cost-effective way to upgrade through the tuning of building operations and services. This includes ensuring everything is running at the optimal efficiency to help save both money and energy.
The final aspect is the monitoring of the building and the upgrades for a 12 month period following the upgrade. This is in order to monitor the overall changes to the business, and help to measure the effectiveness and costs saved for the property.
"Buildings involved in the program will be eligible for energy audits and monitoring to identify opportunities to improve efficiency through low-cost operational and maintenance improvements," said Mr Smith.
"The program will improve business competitiveness by allowing building owners to take steps to improve efficiency, reduce energy costs, increase tenant appeal and asset value.
"Many of these measures have a payback period of less than three years and the total program is expected to save Victorian businesses around $9 million. We also expect the program to create jobs and seed the market for further upgrade."
This could be fantastic news for anyone who owns commercial property in Victoria, or anyone planning on purchasing a business in the state.
Cutting costs and increasing sustainability are becoming increasingly important for successful business operation today, so this initiative is great news for anyone involved.
Please enter Office Name
Please enter Agent Name
Please enter your Name
Please enter your valid Email Address
Please enter a valid Contact Number (Either Home Phone or Mobile/Cell)
Please enter your Enquiry
Subscribe to our newsletter for more eBooks, latest research, market updates, suburb reports, offers & more
Thank you for downloading this book. It will arrive in your inbox shortly!
We thought you might enjoy the following from our blog and resource library
Please enter your message
Send me financing information
Thank you for your enquiry.
We will be in touch soon.
State NSW/ACT VIC/TAS SA/NT QLD WA Please select your state
I agree to subscribe to our newsletter for more eBooks, latest research, market updates, suburb reports, offers & more Please check I agree for subscribe to our newsletter
Subscribe to our newsletter
We will not post anything without your consent
By signing up, I agree to the Privacy Policy and Conditions of Use
Forgot your password?
Forgot your password? Don't worry we'll email you instructions to reset your password. Enter your email address here.
Please enter your First Name
Please enter your Last Name
Please enter your Postcode
Area of
Industrial
Office
Retail
International
Development
Projects
Please check one or more of Area
Receive email alert