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First Sydney shopping centre for green star rating



Chatswood Chase, owned by CFS Retail Property Trust Group in Sydney, is the first centre in the country to make application for a Green Star Performance rating.

This tool was launched by the Green Building Council of Australia in a bid to improve the energy, resource and water efficiency of buildings.

International research has indicated that centres with green building principles use materials that do not contain as many harmful chemicals. They have found the ventilation and natural light to increase sales. A study done during 2003 which showed that daylighting was able to boost sales by about 40%.

A study done in 2012 by the University of Notre Dame in the U.S indicated that 458 more deposit accounts were opened by green-rated branches of banks, with US$3m more in account deposit balances, compared to properties that were not certified.

The Chief Executive of GBCA, Romilly Madew, has stated that a Green Star rating means lower operating costs attracting buyers and tenants to the property. It also increases employee productivity and increases the value of the asset.

More about shopping malls in Australia



Sep 22, 2022, France:
Palm Angels expands its geography and enters the French market with the opening of a store in Paris.
Sep 20, 2022:
The new retail space will appear in the trendy Garosu-gil neighborhood of Seoul.
Sep 19, 2022, Sweden:
The official opening of the flagship store at Drottninggatan 53 is scheduled for September 30, 2022.
Sep 16, 2022, South Korea:
The store will be located at Lotte World Mall in Seoul's Jamsil district.
Sep 15, 2022, USA:
Pontegadea is negotiating the purchase of distribution centers in Wisconsin and Pennsylvania.
Sep 14, 2022, Spain:
Sales of the Indetex Group increased by almost 25% for the first half of the year.
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Dania Pointe GLA:975 000 SF
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