Adelaide

Landmark South Australian tower retains market-leading 6 Star NABERS ratings

The Nikos Property Group-owned 50 Flinders Street office tower in South Australia has again achieved a market-leading 6 Star NABERS Energy rating, together with a 6 Star NABERS Indoor Environment rating.

16 Jun 2021

The Nikos Property Group-owned 50 Flinders Street office tower in South Australia has again achieved a market-leading 6 Star NABERS Energy rating, together with a 6 Star NABERS Indoor Environment rating.

The tower is one of only two buildings across Australia to have maintained these sustainability ratings without the use of purchased Green Power. The property’s NABERS Water rating also increased from 4.5 to 5.5 Stars.

The ratings announcement follows the tower’s purchase last year by the family-owned Nikos Property Group. CBRE continued as the property manager – a role the firm has held since the building’s practical completion in 2015.

“In today’s world where air quality and energy efficiency are critical issues for tenants it is fantastic to see 50 Flinders Street achieve such high ratings. The result is a credit to the onsite team and their commitment to maintain 50 Flinders Street as one of the highest rated office buildings in Australia, which delivers measurable and obvious benefits to all our tenants,” said Theo Andrianakos, CEO of Nikos Property Group.

Since practical completion, a program of continuous improvements has resulted in the building’s consecutive 6 Star NABERS Energy ratings in 2019, 2020 and 2021.

The 21,744sqm building is leased to high-profile tenants, including People’s Choice Credit Union, the South Australian and Commonwealth Government, BUPA, Cbus Super and Fiefy’s Café. It also includes Adelaide’s only office building childcare facility in the CBD, leased to Guardian Childcare & Education.

CBRE Property Management Senior Director, Michael Hall, noted that the NABERS achievements demonstrated Nikos Property Group and CBRE’s commitment to pursuing best-in-class sustainability and energy management targets.

“Collaboration was key to achieving and maintaining these NABERS ratings, with CBRE and Nikos Property Group committed to promoting initiatives which deliver market-leading sustainability outcomes and benefits for building occupiers,” Mr Hall said.   

“We’re particularly thrilled that the building’s Indoor Environment (IE) rating of 97% positions 50 Flinders Street as the highest rated NABERS IE asset in Australia.” 

CBRE’s 50 Flinders Street Management Team includes Julia Roberts and Richard Massie, supported by CBRE’s Sustainability Team of Dammika Weerakkody and Sachith Alwis.

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.