Located at 33 Breakfast Creek Road in Newstead, Energex Building is an A-Grade office building, acquired by the Cromwell Riverpark Trust in 2009, and forms part of the $1.1 billion Gasworks urban renewal project.
The asset is one of Queensland’s most energy efficient commercial buildings. It has earned a 6.0-Star Green Star certified rating, representing a world-class standard in energy efficiency and environmental considerations.
The property is located within the Newstead Riverpark precinct, which is approximately three kilometres northeast of the Brisbane CBD on the eastern side of Breakfast Creek Road.
The precinct encompasses 17 hectares of riverfront land. The area is being transformed into Brisbane’s most prestigious urban community, and a residential, dining and retail hub. It is anticipated the precinct will be home to more than 33,000 additional residents by 2026. Energex Building is the largest commercial building in the area.
The six upper levels of Energex Building boast floor plates averaging 4,500 sqm, with excellent natural light due to internal atriums and a well-planned fitout. The asset also includes a gymnasium, outdoor seating areas on ground level and dining options.
The anchor tenant, Energy Queensland Limited, is one of Australia’s largest and fastest growing energy suppliers and occupies 94% of the 30,601 sqm of net lettable area of the building on a long lease.
Energex Building has been designed to be at the cutting edge of energy efficiency with a host of passive energy conservation features. The building is a benchmark in environmentally sustainable development and workplace design, responding to the major tenant’s requirements and delivering a purpose-built, long-term flexible working environment in a landmark location.
In addition to the 6.0-Star Green Star rating, the property’s environmental performance has earned it a prestigious 6.0-Star NABERS Base Building Energy rating, exceeding the 5.0-Star rating targeted by the developer1.
Energex Building is the sole asset in the Cromwell Riverpark Trust, which is presently closed to new investment. The only way to gain exposure to Energex Building is via an investment in the Cromwell Direct Property Fund (Fund), which holds a 22.6% ownership stake in the Cromwell Riverpark Trust. To learn more about Energex Building or for further information on the Fund, click here, call Cromwell’s Investor Services Team on 1300 268 078 or email email@example.com.
- Rating expiry 29 April 2024.
- Occupancy figures as at 30 November 2023.