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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



YESTERDAY, Canada:
Shopping malls can no longer rely solely on retail; the future belongs to mixed-use entertainment complexes.
Apr 16, 2021, Qatar:
The sports giant is moving beyond traditional shopping, blurring the lines between the physical and digital spaces.
Apr 15, 2021, USA:
The Hollywood & Highland Center mall's top floors will be converted for various events and create office space.
Apr 14, 2021, USA:
Subway is looking for a buyer after falling revenues and massive restaurant closures in 2020.
Apr 14, 2021, Qatar:
The highlight of the celebrations will be a variety of culinary delights from local and foreign chefs. True, you will only be able to find them on the pages of social networks.
Apr 13, 2021, USA:
For the first time, several luxury brands, including Chanel and Prada, were among the top 100 companies with the highest reputation.
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