Today we celebrate an industry first, the YARDS, a $1 billion joint venture by Aware Real Estate and Frasers Property Industrial has set a new benchmark in Australia as the first industrial estate to achieve a Communities rating from the Green Building Council of Australia (GBCA).
Achieving the highest possible 6 Star Green Star Communities v1.1 rating lifts the bar for sustainable and innovative industrial developments, having previously only been awarded to residential, mixed-use commercial and retail precincts.
Located in Kemps Creek, New South Wales, The YARDS is a Premium Estate under construction that will accommodate more than 14 next generation and sustainable facilities of approximately 400,000 square metres across 77 hectares.
The GBCA’s Green Star – Communities rating tool assesses the planning, design and construction of large-scale development projects at a precinct, neighbourhood and/or community scale. It provides a rigorous and holistic rating across five impact categories: Governance, Liveability, Economic Prosperity, Environment and Innovation. The rating recognises the proposed design and approach over the duration of construction and operational period of The YARDS.
Developed in partnership with Altis Property Partners, a Barings company, this rating confirms the quality of the buildings and overall estate, as well as the joint venture’s commitment to sustainability and innovation.
To read the full press release, see here.