501 Swanston Street


The $7 million environmental upgrade project includes upgrade of the plant room, PowerPax chillers, boilers and solar film for the windows to lessen the load on air-conditioning. A $2.5 million portion of the EUA will also fund new lifts, by Kone, that will include “regenerative braking” – an energy recovery mechanism; and smart controls that will drive lift allocations and save energy.

Broader project works at 501 Swanston Street include an investment of tens of millions into a facelift, wellness centre and sleeping pods. Adjacently, will be a five-storey podium building housing an extensive rooftop garden to be used by all occupants in the two, integrated buildings.

Fast Facts

Building owner 501 Pty Ltd
Building address 499-501 Swanston Street, Melbourne VIC 3000
Construction contractor PDG Corporation
Quantity Surveyor WT Partnership
Energy consultant Simpson Kotzman
Structural Engineer Meinhardt (VIC)
Design Management Disegno Australia
Project value A larger project that includes a $7m environment upgrade
Original Year of Construction 1979
Gross floor area (GFA) 24,313m2
Net lettable area (NLA) 19,262m2
Number of floors 19
Number of Tenants 10
Building use Office with portion of Retail (Automotive Dealership and Café)

Annual savings

  • $80,000 in energy bills
  • 607 tonnes of CO2-e

This project is financed by The Australian Environmental Upgrade Fund (TAEUF). Managed by Eureka Funds Management with NAB and Clean Energy Finance Corporation providing the capital, TAEUF provides attractive finance to EUAs.

Download 501 Swanston St Fact Sheet



Sustainable Melbourne Fund

Enquire Now

Complete the form below and our team will be in touch to discuss your project

I am enquiring about:


Why SAF is Right For You!

Download More Information

Complete the form to be emailed our detailed information pack

Other Recent Articles


Introducing the Sustainable Australia Fund

We have some big news... We've grown beyond our Melbourne home and are now preparing to work with businesses across Australia to achieve their environmental upgrades. The Sustainable Melbourne ..


Environmental Upgrade Finance – Explained

This article was originally published by Solar Choice Staff on 11 November, 2019 Established in 2002 and initially called the Sustainable Melbourne Fund, the City of Melbourne developed the fund t..


Enquire Now

Complete the form tand one of our experts will be in touch