The Clean Energy Finance Corporation (CEFC) has announced a $200m investment in QIC’s Shopping Centre Fund. The investment will be used for energy performance improvements across QIC’s shopping centre portfolio in Queensland, Victoria, New South Wales and the ACT. Shopping centres currently account for 36% of commercial building energy consumption and less than 10% of shopping centres have attained a NABERS energy rating.

QIC is aiming for a minimum 4-star NABERS rating for all of the assets within its portfolio by 2023. New QIC developments will be designed to achieve a 5-star NABERS Energy rating. Initiatives identified to achieve the targets include LED lighting, HVAC system upgrades and energy monitoring systems.

More information here.