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.
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)
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
The Victorian Energy Upgrades (VEU) program is an initiative established by the Victorian State Government. The scheme aims to promote energy efficiency by encouraging households, businesses, and indu..
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