Investors see gold in Geoscience Australia’s green roadmap

Geoscience Australia, located in Canberra, Australia, is a highly specialized government building comprising a mix of office, laboratories, technical equipment, and amenities. Originally built in 1997, it now required substantial investment to meet modern standards for an Australian government building.

Working hand-in-hand with our client JLL created a NABERS compliant pathway to Net Zero by bringing together our National Investment, ESG, and Sustainability teams to identify areas for improvement.

Practical recommendations and innovative ESG guidance revealed healthy financial outcomes with meaningful environmental benefits by pairing JLL’s pioneering insight, with cutting-edge technology. This included a roadmap with a full improvement program with timelines and net zero upgrade costs, which were communicated 1-on-1 to investors, providing assurances that the project would help them meet their targets.

Investors were given confidence that JLL’s robust planning and advice would lead to a future-proof building that complied with the National Green Leases Act. This plan toward compliance was used to attract and consult with investors. Having a clear plan in place led our client to a successful sale of the building.

The Net Zero roadmap illustrating how the Geoscience Australia building would reach its sustainability targets made the building significantly more attractive to investors. This roadmap would allow Geoscience Australia to remain in their building, which meant our client was able to reach a profitable sale with Charter Hall for $363,500,000.

With a clear and positive path forward for this beautiful building, the final sale represented the largest commercial transaction on record in the Australian Capital Territory market.

Talk to Capital Markets at JLL