Impact Investment Group


City of Melbourne

Project Overview

Impact Investment Group acquired 401 Collins St in 2014 with the intention of transforming it into a prime blue-chip address.


401 Collins St is an iconic art-deco building in the heart of Melbourne’s banking district. Built more than 80 years ago in 1936, it has aged significantly and lacks modern features. It’s NABERS rating of 2.5 was seen as a barrier to securing a strong, long-term tenant.


Restoration began in 2017. Finance for the environmental works were sourced via an EUA (Environmental Upgrade Agreement), while the funds for other renovations were sourced via a traditional bank loan. This combination of two lenders provided diversity to Impact’s capital stack at an affordable rate.

  • Chiller replacement
  • Pipework insulation
  • Outside air system upgrade
  • Toilet exhaust system upgrade
  • BMS upgrade
  • Electrical sub metering

Since completing the renovations, Impact Investment Group have successfully tenanted the building to co-working franchise WeWork on a 15-year contract. In addition, power bills for the property have significantly reduced – electricity by 32% and gas by 16%.


Download the Case Study

Impact Investment Group

“EUAs provide a low-cost capital option.”

Roni Karika

Impact Investment Group Senior Asset Manager


Other Success Stories

Integrity Fruit

Funding a solar installation via an EUA (environmental upgrade agreement) was Peter’s best bet. But with little knowledge of solar systems – and how to finance them – Peter was unsure where to look for advice….


HJ Langdon

HJ Langdon is an Australian, fifth generation family owned specialist food company offering a range of ingredients, services and niche food products in Asia Pacific, Australia and New Zealand.


Want to Know More?

Find out if you qualify for an environmental upgrade finance agreement. Complete the form below.

    My planned upgrade includes:

    Sustainable Australia Fund

    Look Up Your Address
    Please enter your business street address, or council, so we can check if our finance is available there.