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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



Dec 6, 2019, USA:
Levi's Haus Miami has become home to a variety of brand collaborations, interactive entertainment, and innovation testing.
Dec 5, 2019, USA:
The Italian brand sells "the most expensive T-shirts in the world" in support of its first real estate project.
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The facility will serve dishes previously available in the planes of a famous budget Malaysian airline.
Dec 4, 2019, USA:
American retailer intends to implement ambitious plans to increase profits and expand its global presence by 2025.
Dec 3, 2019, Sweden:
A Swedish fashion retailer is testing a new service in its flagship store in Stockholm.
Dec 3, 2019, China:
According to the latest Brand Finance report, WeChat is the fastest growing brand in the world.
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