CEFC, the Australia government-owned clean energy finance corporation, has invested in a Charter Hall industrial real estate fund to help the manager drive sustainability measures across its portfolio of assets.
The clean energy financier said it has made a A$50m (鈧30m) equity investment in the Charter Hall Prime Industrial Fund (CPIF), a A$5.5bn fund which holds 75 assets across Australia.
CEFC CEO Ian Learmonth said: 鈥淲orking with an industry leader like Charter Hall gives us the opportunity to use our capital to help transform the industrial property sector. We can drive sustainability measures across an extensive portfolio of assets, as well as positively influence the sustainability profile of a diverse range of large tenants.鈥
鈥淭his investment will also lead to the construction of new assets that make use of the latest in sustainable design and materials, potentially driving uptake of materials identified in the federal government鈥檚 technology investment roadmap such as green steel, aluminium and cement, and delivering long term benefits to Australia鈥檚 emissions profile.鈥
Charter Hall CIO Sean McMahon said the CEFC investment offered the CPIF fund an unprecedented opportunity to implement innovative sustainability solutions across its industrial and logistics assets.
鈥淐harter Hall is committed to continuous improvement in ESG performance across our portfolio.
鈥淭he CEFC investment is an endorsement of our plans to improve the operational performance of our buildings and deliver to our tenant customers a consistent high performing product,鈥 McMahon said.
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