THE Commonwealth Property Office Fund (ASX: CPA) has achieved a weighted average NABERS Energy target of 4.5 stars excluding Green Power across its portfolio.
Fund manager Charles Moore said the fund had avoided an estimated $14.5 million in energy costs since 2007.
“Four years ago we set ourselves an ambitious benchmark for operational improvement and have worked diligently with our portfolio managers, onsite asset management teams and tenants to implement a broad range of initiatives to achieve this goal.
“In addition to an overall improvement in the way we manage our assets, our responsible property investment program has resulted in tangible benefits for our investors and tenants,” he concluded.
Property Review
