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.
