Property syndicate delivers tenant satisfaction, cutting costs with a 100% sustainability target for Townsville retail complex.
Category: Large Format Retail Vertical: Furniture, homewares and sporting goods.
www.lfra.com.au
Critical infrastructure.
The WA-based syndicate Properties & Pathways demonstrate that on-site energy generation is the lowest cost of power in Australia.
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Large Format Retail, low energy costs.
Woolcock Street Supa Stores is a prominent Townsville Large Format Retail outlet, offering high quality sporting goods, clothing and homewares. Tenants include national brands Fantastic Furniture, Intersport & Salvo Stores.
Centre owners Properties & Pathways engaged Upstream as part of a progressive initiative to improve sustainability, drive down tenant energy costs and increase retention.
Upstream designed, funded and delivered a combined solution including rooftop solar and an embedded network in mid-2019. Participating tenants saw immediate savings of 23% - 27% compared to their previous costs.
Tenants enjoy both reduced daily supply charges and fixed, low electricity rates as part of the
program. Occupants become incentivised to extend their tenancies to keep operating costs low and maintain
sustainability targets.
The rooftop solar installed delivers 80-90% of the on-site energy requirements, reducing loads on the grid and improving NABERS ratings.
Upstream is designing and delivering a market-leading project that will be 100% self-sufficient by 2025 and with no external energy costs by 2035.
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