Local Government Super (LGS) has again been rewarded for its work into sustainable development after Carnegie Morgan House won the Australian Property Council Award for the best sustainable development of an existing building.
LGS expects the $160 per square metre project to deliver lower running costs and more satisfied tenants, leading to greater returns for fund members.
LGS Super's upgrade reduced the building's total energy consumption by 54 per cent, making it the lowest energy-intensive CBD building in Australia, LGS said.
The property in Sussex Street Sydney was the first building in Sydney's CBD to receive a five-and-a-half star NABERS energy rating.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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