May 19, 2022

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Nuveen, Wollongong, Mirova, Greenpeace – The Fifth Estate

The Australian government has announced its commitment to deliver the inaugural Australian Energy Employment Report (AEER) – the first systemic national framework to measure or forecast Australia’s clean energy jobs needs. This survey will identify jobs and skills in the energy sector to train and prepare the workforce of the future.

The first project in Nuveen Real Estate’s Australian housing platform is opening to tenants this week, with a new building in inner-city Perth that caters to students and young professionals.

Known as “The Switch Perth Central”, the 483-bed building features 39 levels of purpose-built accommodation. it is located opposite the future Perth CBD campus for Edith Cowan University.

The international real estate investment management firm plans to open a second property in Adelaide in May. Additional properties in Sydney and Melbourne planned for later in 2022 and in early 2023 respectively.

New data from Greenpeace has revealed that renewable energy hit an annual high in 2021, delivering 32.2 per cent of the electricity in the National Electricity Market (NEM) in 2021, spurred by a 35.8 per cent spike in the final quarter. 

Hannah McLeay from Greenpeace Australia Pacific said the new data exposes AGL’s failure to transition as the market demands and act in the interests of customers, shareholders, employees, and the environment.  

“AGL, Australia’s biggest climate polluter, continues to fail to read the market and the rapid pace of the energy transition, in the face of mountains of evidence and data,” she said. 

Mirova Global Sustainable Equity Fund has expanded its wholesale footprint in Australia by partnering with Macquarie Professional Series, to offer “sustainable investment solutions” to investors who want to “reconcile environmental and social positive impact investing with long-term performance,” said ??Natixis Investment Manager’s country head of Australia and New Zealand, Louise Watson.

Eco-packaging pioneer Hero Packaging has launched a crowdfunding campaign on Equitise to raise funds to fuel its expansion into the US and Canada. Since its inception three years ago the business’ turnover was over $7 million with more than 40,000 customers worldwide. The company aims to raise between $500,000 and $1.5 million with a four-phase campaign.

Knight Frank has revealed that Australia has taken the top spot as the country with the highest rate of annual price growth in the Global House Price Index for 2021, the competition you really should not be proud to win.

Globally, house prices increased by 10.3 per cent on average in 2021. Australia has clocked the highest rate of annual price growth in the year to Q4 2021 with price growth of 17.5 per cent.

Knight Frank Australia head of residential research, Michelle Ciesielski said the Australian housing market had become “fatigued” and added: “We can’t ignore the fact that we are facing a rental crisis in our cities and regional areas of Australia.”

The company also released a report on the Wollongong property market, which said the city south of Sydney had seen investment of about $1.6 billion investment in recent years, and a 12 per cent increase in office stock over the past two years with 18,601 square metres of new stock added across three major developments. Over the coming years the Wollongong CBD is forecast to reach over 190,000 sqm of office space. 

“Wollongong is continuing its transformation from an industrial heartland into a thriving and innovative services-led economy,”  the company’s chief economist Ben Burston, said.

Congratulations 

Gerald Lock has started a new position as senior project architect at Co-Lab Architects. He previously worked as a project architect & BIM (building information modelling) manager at Breathe. 

Alexander Stathakis has joined Telstra’s sustainability team as environment reporting and data senior specialist. He continues as the director of Conversio and is a climate-active registered consultant.

Clare Donovan is now national sustainability manager at Abacus Property Group. She has more than 15 years of experience and was previously a strategic planning program manager of sustainability at the City of Sydney. 

Architectural practice Denton Corker Marshall has promoted two senior roles, and hired a third senior role externally. Sonja Syre has become the first new director in over ten years. She has been with the company since 2008. Marcin Polgar has been promoted to senior associate. He has 20 years of design experience previously working in the company’s Warsaw and Melbourne offices. Louise Goodman has been hired as a senior associate, with 25 years’ experience specialising in public architecture and education projects.

Award-winning urban planning and design practice Hatch RobertsDay has appointed its first economics director in Australia, Richard Brice. Mr Brice has 20 years of experience as an urban economist, financial analyst and policy advisor. 

Mr Brice predicts that sustainable development, post-COVID population growth, affordable housing and city precincts that are economic drivers will be the four major areas that Australia will need to get right before 2025. He says that sustainable design will be a common feature of new developments, and can no longer be viewed as a cost. 

“To date, Australia’s design and construction sectors have viewed sustainable design as a cost: a sustainable apartment or building is more expensive. Instead, governments, planners and developers need access to research that demonstrates the economic and financial benefits of sustainable development. This research can highlight the savings for residents and tenants and the increased rental income that is likely to offset costs. Good corporate citizens and individuals will increasingly gravitate to sustainable design.”

He points to Fishermans Bend in Melbourne. Australia’s largest urban renewal project will redevelop underutilised industrial spaces into mixed-use sustainable neighbourhoods for 80,000 residents, and generate 80,000 jobs by 2050. 

Opportunities

CPB Contractors has an on-site role available for a sustainability manager in Melbourne to work on the West Gate Tunnel Project. It is an equal employment opportunity – the company is actively looking to attract and promote women. 

Powerplant Project Services is seeking a sustainability consultancy manager for a full-time Melbourne-based hybrid role. Powerplant wants to “empower intelligent electrical infrastructure solutions” for a sustainable future. Those who can’t understand those buzzwords need not apply!

JLL wants a sustainability manager for an on-site role in Canberra. Isn’t it funny how companies stipulate “on-site” now? That means you can’t do that one from home. JLL wants an ambitious, confident, creative thinker to identify, plan and deliver sustainability measures to achieve significant environmental and financial benefits for its clients. 

Green Building Council of Australia is looking for an administrative professional to interface between the industry and the Green Star Operations team in a full-time hybrid role in Sydney. 

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