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Breakfast briefing Changes to Commercial Building Disclosure and Best Practice Leasing Standard

  • April 27, 2017

Breakfast briefing: Changes to Commercial Building Disclosure and Best Practice Leasing Standard

The Property Council facilitated an exclusive briefing on Thursday 27 April, on the incoming changes to the Commercial Building Disclosure scheme and how to incorporate best practice leasing clauses for sustainable outcomes. 

The event, hosted by Dexus at their Dexus Place facility at Waterfront Place, placed a spotlight on changes legislated to take effect from 1 July 2017 for the Federal Commercial Building Disclosure scheme. 

Stanford Harrison, Director, Commercial Buildings, Energy Productivity Branch – Department of Environment and Energy, stepped the audience through the Commercial Building Disclosure (CBD) program and the changes that come into effect on 1 July.  The changes include buildings and tenancies of 1000 square metres or more offered for sale or lease, will require Building Energy Efficiency Certification (BEEC).  This change has the potential to effect over 0 buildings in Queensland.

Carlos Flores, Program Manager – NABERS, spoke about the history of the NABERS program.  Since the mandatory requirements for building disclosure have been in place there has been a significant energy reduction from commercial buildings. NABERS ratings have been used on 438 office buildings in Queensland over the last 2-3 years.

The final presentation provided an insight into ‘green leasing’ and the work that is occurring in this space by the Better Building Partnership (BBP).  Claire Hashman, Legal Counsel – Dexus outlined the BBP Leasing Standard and self-rating system that can accessed through the Better Building Partnership website.

Following the presentations Rob Rye, Energy consultant – HFM Management joined the speakers for a panel discussion, moderated by Simon Cox, National Director – Head of Asset Services Australia and New Zealand, Cushman & Wakefield.  Key points included industry knowledge of the new requirements especially in regional cities, explaining the benefits to owners and tenants, and the consequences if the new disclosure requirements are not met. 

The Property Council thanks the speakers, briefing sponsors HFM Asset Management, and hosts Dexus for their support of the event.

Further information on changes to the CBD Program can be found here.

Photos from the event can be found here.

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