MWOF performs strongly in GRESB results

GRESB is an independent organisation used by real estate investors and managers to improve business intelligence, industry engagement and decision making.

MWOF, an unlisted fund managed by Mirvac and owned by 40 institutional investors, owns interests in 11 prime-grade assets across Sydney and Melbourne.

MWOF Fund Manager, Kit Georgeos said: “This latest result places us first among a strong peer group of nine Australian entities in the diversified office / retail sector.”

“GRESB ratings are a standardised, globally recognised framework which allows both investors and managers to act on ESG data and insights. It’s an insightful tool for evaluating sustainability across our portfolio, and this result demonstrates MWOFs continued focus on ESG performance.”

“Our goal is to ensure that each building not only leads current sustainability expectations but also enhances asset value in an evolving landscape where customers are increasingly seeking the benefits of premium, high performance and sustainable premises.”

MWOF’s key sustainability achievements include:

• net positive in Scope 1 & 2 carbon emissions
• industry leading adaptive reuse and embodied carbon reductions at 33 Alfred Street and Quay Quarter Tower in Sydney;
• three Climate Active Carbon Neutral certified assets: 700 Bourke Street, Melbourne and Darling Park Towers 1 & 2, Sydney;
• extensive program of electrification studies to strategically position the portfolio for grid decarbonisation; and
• circular economy initiatives ensuring the constructive reuse of over 11,000 fitout items at 55 Collins Street.