In 2021, PMG’s Direct Office Fund acquired 152 Fanshawe Street with the goal of transforming it into a more energy-efficient building, aiming to achieve a high NABERS rating.
This initiative was part of PMG’s broader strategy to enhance the operational efficiency and sustainability of its properties, aligning with contemporary environmental standards, tenant expectations and future regulations.
Upon acquisition, the building presented several challenges, including inaccurate metering of tenant and landlord utilities, uncontrolled HVAC systems, and outdated infrastructure.
Over the past three years, PMG has implemented several sustainability and value-add features and systems, which make environmental and financial sense to both tenants and investors, and within our business (as a fund manager).
Download the full case study here to read more about PMG's approach, value-add projects and enhancements that contributed to the 5.5 Star NABERS rating achieved earlier this year.
Disclaimer: The information in this blog is general and current as of July 2024. It is not intended as regulated financial advice under the Financial Markets Conduct Act 2013 and does not consider your specific circumstances. PMG does not provide financial advice. Please consult a licensed financial advisor before making investment decisions.
With a range of investment funds to suit New Zealanders of all ages and stages, it's easier than you may think to invest. Give one of our knowledgeable pmg Investor Relationships Managers a call for a no-obligation chat, or visit our FAQ page.
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Watch PMG’s history video to learn more about our approach to commercial property investments, along with the five funds within the company. We encourage you to speak with a friend or family member who knows us, and we also recommend you chat with a Financial Advice Provider for specific advice to suit your unique situation.
Look through our current investment offers to find the right PMG fund to suit you. After downloading, carefully review the associated Product Disclosure Statement(s) for the offer(s) you’re interested in. Investing with us is straightforward – either apply online using our secure and confidential investor portal, via the printable form on each fund page, or reach out to your local PMG office to fill out the relevant paperwork.
Our lines of communication are always open. If you have any questions, reach out to your local PMG Investor Relationships Manager. Whether it’s a general catch up or discussion around the latest developments with your investment, we’re here to help.
