The $2 billion mixed-use development,
Central Park in Chippendale, Sydney has received three Green Star ratings from the
The joint venture developers, Frasers Property Australia and Sekisui House Australia received the Green Star ratings for the environmentally sustainable precinct consisting of retail development, Central and residential stages One Central Park and Park Lane.
CEO of Frasers Property, Guy Pahor said these certifications are important milestone achievements for Central Park.
“As well as striving to achieve a minimum of 5 Star Green Star ratings for each of the buildings at Central Park, Frasers and Sekisui House have made a major investment in precinct-wide ‘green’ technologies. These include an on-site central thermal tri-generation power plant and a water recycling plant,” Mr Pahor said.
Central Park's sustainability strategy was devised in close collaboration with the Institute for Sustainable Futures at the University of Technology Sydney, one of the leading experts on green living in the world.
“Central Park is on target to be one of Australia’s greenest and most self-sufficient mixed-use urban developments, having incorporated sustainability and environmental stewardship as fundamental principles of its planning,” said Mr Pahor.
Frasers Property Australia and Sekisui House Australia signed a $26.5 million Environmental Upgrade Agreement in March this year that provides long-term funding for green energy infrastructure at Central Park.
This includes construction of a central thermal and tri-generation electrical plant that will deliver to the site’s historic buildings and future stages of development.
This is the second such agreement to be signed in NSW and is the first for City of Sydney.
Central Park will also house the largest Membrane Bioreactor recycled water facility in the world built in the basement of a residential building, known as Central Park Water.
Central Park Water will see residents using between 40% and 50% less drinking water resulting in low-impact energy and water supply.