Are you aiming to enhance the sustainability and efficiency of your building?

NABERS is currently offering grants across various sectors, including apartment buildings, hotels, residential aged care, retirement living, office tenancies, warehouses, and cold stores.

Our experienced assessors can assist you in the application process and subsequently carry out NABERS ratings along with associated improvement plans.

This comprehensive service not only enhances your chances of grant approval but also ensures your asset operates efficiently and sustainably, thereby maximising returns and minimising investment risks.

Grants of up to $4,500 per building (excluding GST) are available for first-time energy and water ratings. The NABERS funding covers consecutive ratings and initial improvement plans, representing approximately 50-60% of the project value over a span of 12-18 months. This opportunity is specifically for Energy and Water Ratings in NSW.

Ready to take a leap towards sustainability and elevate your asset’s performance? N&B possesses the expertise to assist you. Act now, as applications close on June 30, 2024.

For further information, contact:  Ian Gardner  |  0488 225 569  |  igardner@napierblakeley.com 

We are delighted to announce that the businesses’ global greenhouse gas emissions  have been measured and offset, and we can now proudly consider ourselves as a carbon neutral organisation.

We partnered with highly respected Australian company Carbon Neutral to undertake the measuring process and having taken steps to firstly reduce our emissions, the remaining unavoidable footprint has been offset with the purchase of over 500 tonnes of carbon offsets.

The offsetting process occurs through carbon sequestration – a project involving the reforestation of non-productive farmland in Australia.  The replanting of mixed native Australian tree species not only helps in capturing carbon dioxide emissions but also aids in re-establishing habitats for native wildlife.

The majority of carbon credits purchased by Napier & Blakeley were drawn from the Yarra Yarra Biodiversity Corridor. The corridor is a high impact reforestation project that simultaneously delivers environmental, economic, social and heritage co-benefits.

While, we are immensely proud of the effort and investment required to make our organisation carbon neutral, we also recognise that this is the beginning of a journey for Napier & Blakeley. Work is already underway to measure, reduce and offset our operations for the future years to allow us to proudly remain as a carbon neutral organisation.

Find out more about the environmental work done by Carbon Neutral on their website.

Please contact our team listed below regarding our services:

MELBOURNE
Rob Howells, Managing Director | 0437 649 082 | rhowells@napierblakeley.com
Peter Frith, Director | 0437 649 082 | pfrith@napierblakeley.com
Craig Smith, Director | 0407 371 664 | csmith@napierblakeley.com
Ian Gardner, Director | 0488 225 569 | igardner@napierblakeley.com
John Atkins, Director | 0456 644 052 | jatkins@napierblakeley.com

SYDNEY
Alastair Walker, Director | 0419 503 289 | awalker@napierblakeley.com
Peter Hammond, Director | 0419 980 901 | phammond@napierblakeley.com
Michael Ross, National Head of Tax | 0403 841 175 | mross@napierblakeley.com
Stephen Cooke, Associate Director | 0409 228 552 | scooke@napierblakeley.com

BRISBANE
Paul Cosker, Director | 0434 400 107 | pcosker@napierblakeley.com
Adam Greene, Associate Director | 0409 724 395 | agreene@napierblakeley.com
Gavin Peach, Associate Director | 0412 225 781 | gpeach@napierblakeley.com
KY Pih, Associate | 0408 933 660 | kpih@napierblakeley.com

PERTH
Graham Rigby, Associate Director | 0419 847 998 | grigby@napierblakeley.com

ADELAIDE
Sam Grindley, Senior Associate | 0460 032 142 | sgrindley@napierblakeley.com

According to Napier & Blakeley’s director Ian Gardner, who was speaking at an ESG panel discussion at the HICAP ANZ conference, the past couple of years has forced the sector to innovate and act quickly, diversifying offerings and income streams associated with hotel properties.

Although the conference noted that occupancy across Asia Pacific varies due to slow changes to government setting in some countries, elsewhere occupancy continues on its path back to 2019 levels with all major markets above 83% of 2019 levels, including North America, Central America, South America, Australia, Europe, Africa and Middle East.

At the same time, more than 50% of global markets were at peak Revenue per available room (RevPAR) compared to a 2019 baseline, and the higher average daily rate (ADR) is offsetting the reduced occupancy.

Gardner said industry indications are that hotel investment is also strong but margins are currently compressed.

Recent data from MSCI Real Assets Australian Capital Trends reveal hotel transactions are up by 84%.

“The fastest RBA tightening cycle is anticipated to control inflation with a 2–3-year cycle and then we’ll see an easing of rates,”

Meanwhile Gardner said the hotel recovery to 2019 levels is projected to occur in mid to late 2023.

“Winter demand in Australia is 90% of 2019-pre Covid rates. Covid concerns have dropped to 4th on the list of travel barriers, with inflationary costs are taking over as the leading concern.

“Brisbane leads the Australian recovery, Queenstown is leading New Zealand,” he added.

Despite the positive recovery, there was consensus that when it comes to ESG, the hotel sector is lagging behind other markets such as office, retail and industrial.

The panel’s views are supported by a recent CBRE report into the hotel sector’s ESG initiatives.

According to the report, the sector is in the early stages of achieving meaningful changes to environmental practices but rising energy costs, which have increased electricity costs by 10% since May 2021, are likely to accelerate the industry’s focus on sustainability, particularly given the shift in traveller preferences toward more sustainable tourism and green accommodations and the growing demand for disclosure around climate risk.

According to the Sustainable Hospitality Alliance (SHA), to keep pace with the targets outlined in the Paris Agreement, the global hotel industry needs to reduce carbon emissions per room per year by 66% by 2030 and 90% by 2050.

Gardner said whilst the sector is a little behind, there are also plenty of leaders in the hotel sector but accelerated take-up of the ESG challenge is needed more broadly.

Companies like Accor, Hilton, Hyatt, IHG and Host Hotels have set climate-based targets. In many cases, they have adopted near-term targets on the path to achieving net zero. For example, Hilton pledged to reduce scope 1 and 2 emissions by 61% by 2030. Marriott is committed to setting SBTi targets under the 1.5-degree scenario and targets a 30% reduction in carbon intensity by 2030.

Meanwhile CBRE found it is guests and travellers who are leading the way, choosing to patronise socially responsible hotel businesses.

The search for environmentally friendly accommodations is most common among luxury hotels guests who often seek vacations at resorts in environmentally sensitive areas like beaches and mountains. According to Virtuoso, a network of luxury travel agencies, in April 2021, 82% of travellers said the pandemic has made them want to travel more responsibly in the future. Half said it was important to choose a company that had a strong sustainability policy. While there is some evidence that guests are willing to pay a premium for environmentally sustainable accommodations, because of inflation and uncertainty in the market, the premium they are willing to pay remains unclear.

Written by Nelson Nap
Australian Property Journal
28 September 2022

It was great to be a part of HICAP ANZ and hear that the Hotel sector is well on the way to recovery, outstripping projections.  The past couple of years has forced the sector to innovate and act quickly, diversifying offerings and income streams associated with Hotel properties.

I was fortunate to be part of the ESG panel discussion leading into the conference, which was organised by Ashurst Lawyers.  The other panellists were Gus Moors (head of hotels at Colliers), Steve Whittington, (partner at Ashurst Lawyers who specialises in tax) and Campbell Johnston (partner at Ashurst Lawyers who advises on financing arrangements including hotel financing).  We discussed the status of ESG, future impacts, opportunities, finance and tax implications of investing in ESG in the sector.

The consensus seemed to be that the sector as a whole was a little behind, there are also plenty of leaders in the Hotel sector, but accelerated take-up of the ESG challenge is needed more broadly in the sector.

Some of our highlights from the conference :

• Occupancy continues on its path back to 2019 levels with all major markets above 83% of 2019 levels (North America, Central America, South America, Australia, Europe, Africa and Middle East).
• Recovery to 2019 levels projected to occur in mid to late 2023.
• Rate growth has been strong.
• More than 50% of global markets were at peak RevPAR (Revenue per available room) compared to a 2019 baseline.
• Occupancy across APAC varies due to slow changes to Government setting in some countries.
• Higher average daily rate (ADR) is offsetting the reduced occupancy.
• Labour shortages and inflation are driving a higher ADR.
• ADR growth is strongest in the regions.
• Winter demand in Australia is 90% of 2019-pre Covid rates.
• Covid concerns have dropped to 4^th on the list of travel barriers, inflationary costs are taking over.
• Brisbane leads the Australian recovery, Queenstown leads NZ.
• New supply projections have fallen away by approx. 20%.
• Hotel investment is strong but margins are currently compressed.

The fastest RBA tightening cycle is anticipated to control inflation with a 2-3 year cycle and then we’ll see an easing of rates.

Please contact Ian for any assistance or advice relating to Sustainability, Climate & ESG, or the rest of our team listed below regarding our other services.

MELBOURNE
Rob Howells, Managing Director | 0437 649 082 | rhowells@napierblakeley.com
Peter Frith, Director | 0437 649 082 | pfrith@napierblakeley.com
Craig Smith, Director | 0407 371 664 | csmith@napierblakeley.com
Ian Gardner, Director | 0488 225 569 | igardner@napierblakeley.com
John Atkins, Director | 0456 644 052 | jatkins@napierblakeley.com

SYDNEY
Alastair Walker, Director | 0419 503 289 | awalker@napierblakeley.com
Peter Hammond, Director | 0419 980 901 | phammond@napierblakeley.com
Michael Ross, National Head of Tax | 0403 841 175 | mross@napierblakeley.com
Stephen Cooke, Associate Director | 0409 228 552 | scooke@napierblakeley.com

BRISBANE
Paul Cosker, Director | 0434 400 107 | pcosker@napierblakeley.com
Adam Greene, Associate Director | 0409 724 395 | agreene@napierblakeley.com
Gavin Peach, Associate Director | 0412 225 781 | gpeach@napierblakeley.com
KY Pih, Associate | 0408 933 660 | kpih@napierblakeley.com

PERTH
Graham Rigby, Associate Director | 0419 847 998 | grigby@napierblakeley.com

ADELAIDE
Sam Grindley, Senior Associate | 0460 032 142 | sgrindley@napierblakeley.com

The policy has immediate effect with a target to achieve full compliance by June 2020.

The GREP targets broad range of areas to drive resource efficiency in NSW Government agencies in the four main areas of energy, water, waste and air emission including:

• Reporting resource consumption and waste
• Targeted energy savings
• Mandating minimum NABERS ratings for energy and water
• Minimum standards for electrical and water using appliances and equipment
• Minimum standards for new buildings and fitouts
• Solar targets
• Minimum fuel efficiency vehicle standards
• Purchase of GreenPower
• Emissions standards for fixed plant and equipment
• Low VOC materials

You can access the full policy here. Similar requirements are in place for most States and the Australian Government.

Napier & Blakeley can assist with:

• NABERS improvement plans (including energy efficiency assessments and CAPEX plans)
• Accredited NABERS Independent Energy Design Review for Commitment ratings
• NABERS and CBD Assessments
• Building control and operational tuning
• Independent Measurement and Validation services (Certified Measurement and Verification professional), Including for EUA, ESCO and ESPC agreements
• General Sustainability advisory services (NABERS, Green Star, WELL, GRESB)
• Condition and Lifecycle reviews
• Asset and Facility Management advisory services

For any further information on this please contact:

IAN GARDNER Associate Director m.  0488 225 569 e.   igardner@napierblakeley.com

.

.

For 34 years Napier & Blakeley have been providing the following services to the property industry:

• Property Acquisition & Disposal Technical Due Diligence
• Property Development Due Diligence
• Quantity Surveying
• Capital Expenditure Forecasting
• Make Good Reporting
• Energy Management
• Development Monitoring
• Property Tax Depreciation

Please contact any of the people below for more information or assistance:

SYDNEY

	Alastair Walker Managing Director m. 0419 503 289 e.  awalker@napierblakeley.com		Peter Hammond Director m. 0419 980 901 e.  phammond@napierblakeley.com
	Peter Osborn Director m. 0439 765 571 e.  posborn@napierblakeley.com		Stephen Cooke Associate Director m. 0409 228 552 e.  scooke@napierblakeley.com

MELBOURNE

	Craig Smith Director m. 0407 371 664 e.  csmith@napierblakeley.com		Rob Howells National Director m. 0437 649 082 e.  rhowells@napierblakeley.com
	John Mathew Director m. 0414 559 326 e.  jmathew@napierblakeley.com		Ian Gardner Associate Director                            m. 0488 225 569 e.  igardner@napierblakeley.com
	Richard McOmish Associate Director m. 0409 478 460 e.  rmcomish@napierblakeley.com

BRISBANE

	Paul Mazoletti National Director m. 0408 749 202 e.  pmazoletti@napierblakeley.com		Gavin Peach Associate Director                             m. 0412 225 781 e.  gpeach@napierblakeley.com
	Adam Greene Associate Director m. 0409 724 395 e.  agreene@napierblakeley.com		Paul Cosker Associate Director m. 0434 400 107 e.  pcosker@napierblakeley.com

PERTH

	Graham Rigby Associate Director m. 0419 847 998 e.  grigby@napierblakeley.com		Nick Taylor Senior Associate                         m. 0418 337 225 e.  ntaylor@napierblakeley.com

ADELAIDE

John Mathew Director                                                                                             m. 0414 559 326 e.  jmathew@napierblakeley.com

.

Based in Melbourne and working with our national teams, Coco will add further value to both our property development and asset advisory services – with particular focus on compliance, strategic asset management and client relationships.

Previously, Coco has worked for an international Quantity Surveying firm, laterally specialising in technical due diligence reporting, feasibility analyses, replacement cost assessments, tax depreciation assessments, capital expenditure forecasts and sinking fund reviews, for owners of large public and private property trusts, portfolios as well as development clients.

Coco also has extensive experience working for a large Building Surveying firm, focusing on building compliance reporting, essential safety measures assessments and client relationships for a range of owners and property types, including universities, large hospitals, government portfolios, public private partnerships assets, multi-storey residential, commercial, retail and industrial.

Over her career of nearly 25 years, Coco has developed an intimate knowledge of property markets and the industry, having worked with many major consultants and owners of large private and publicly owned assets.

Coco will work closely with all parts of our business, adding value to:

• risk management and building compliance;
• strategic asset management;
• technical due diligence and development monitoring;
• lifecycle assessment and capex planning; and
• client relationships;

m. 0418 348 712
e.  cowilliams@napierblakeley.com
a.  L13, 90 Collins Street, Melbourne VIC 3000

MELBOURNE

Introducing Ian Gardner

Associate Director
m. 0488 225 569
e.  igardner@napierblakeley.com
a.  L13, 90 Collins Street, Melbourne VIC 3000

Ian Gardner has joined Napier & Blakeley as an Associate Director.

Based in Melbourne and working with our national teams, Ian will add further value to our both our property development and asset advisory services – with particular focus on asset performance and lifecycle advisory.

Ian has earned the role of ‘trusted advisor’ from serving property and development clients over nearly 30 years, working with some of Australia’s top engineering consultancies. He has an intimate knowledge of property markets and the industry, has been an active member of PCA and FMA for many years and has a long association at the top levels of the NABERS and CBD schemes.

He has expert knowledge of building services design and operations, utilising data analytics and technology to achieve the best commercial and sustainable outcomes for new developments, existing building refurbishments and portfolio management.

He also has significant experience across building assessment and benchmarking systems such as NABERS, Green Star, WELL, GRESB and NGERS.

Ian will work closely with all parts of our business, adding value to:

• technical due diligence and development monitoring;
• building assessment and benchmarking;
• energy efficiency assessment and roadmaps for improvement;
• strategic asset management; and
• lifecycle assessment and capex planning.

Introducing Jay Panditharatne

Senior Engineering & Facilities Consultant
m. 0412 329 289
e.  jpanditharatne@napierblakeley.com
a.  L13, 90 Collins Street, Melbourne VIC 3000

We are pleased to announce that Jay Panditharatne has joined Napier & Blakeley as Senior Engineering & Facilities Consultant.

Based in Melbourne and working with our national teams, Jay will add further value to our asset advisory – with particular focus on strategic asset management.

Jay is a well-known and respected senior engineer and facilities consultant who brings international experience to facilities management. He is well connected within the industry and has a detailed understanding of building technology and building services. Experience gained over 30 years and while working on much of Melbourne’s premium properties.

Jay will work closely with all parts of the business utilising data analytics and technology for the purpose of:

• asset registers;
• building assessment and benchmarking;
• energy efficiency assessment and roadmaps for improvement;
• risk management;
• strategic asset management, and
• lifecycle assessment and capex planning.

For 33 years and counting Napier & Blakeley have been providing the following services to the property industry:

• Quantity Surveying
• Property Acquisition & Disposal Technical Due Diligence
• Property Development Due Diligence
• Capital Expenditure Forecasting
• Make Good Reporting
• Energy Management
• Development Monitoring
• Property Tax Depreciation

Please contact any of the people below for more information or assistance:

MELBOURNE Rob Howells National Director o.  03 9915 6300 m. 0437 649 082 e.  rhowells@napierblakeley.com	SYDNEY Stephen Cooke Associate Director o.  02 9299 1899 m. 0409 228 552 e.  scooke@napierblakeley.com
BRISBANE Paul Mazoletti National Director o.  07 3221 8255 m. 0408 749 202 e.  pmazoletti@napierblakeley.com	SYDNEY Peter Osborn Director o.  02 9299 1899 m. 0439 765 571 e.  posborn@napierblakeley.com
BRISBANE Gavin Peach Associate Director o.  07 3221 8255 m. 0412 225 781 e.  gpeach@napierblakeley.com	PERTH Graham Rigby Senior Associate o.  08 9489 4895 m. 0419 847 998 e.  grigby@napierblakeley.com

Napier & Blakeley are proud to announce that we have been selected and approved by Sustainability Victoria as a panel provider of services to assist owners of commercial property to apply for grant funding as part of their Better Commercial Buildings program.

The following table provides some introductory information relating to the program and for further details or to commence with an application please contact :

For 33 years and counting Napier & Blakeley have been providing the following services to the property industry:

• Property Acquisition & Disposal Technical Due Diligence
• Property Development Due Diligence
• Quantity Surveying
• Capital Expenditure Forecasting
• Make Good Reporting
• Energy Management
• Development Monitoring
• Property Tax Depreciation

Please contact any of the people below for more information or assistance:

SYDNEY Alastair Walker Managing Director o.  02 9299 1899 m. 0419 503 289 e.  awalker@napierblakeley.com	MELBOURNE Craig Smith Director o.  03 9915 6300 m. 0407 371 664 e.  csmith@napierblakeley.com
BRISBANE Paul Mazoletti National Director o.  07 3221 8255 m. 0408 749 202 e.  pmazoletti@napierblakeley.com	SINGAPORE Peter Mitchell Chairman o.  +65 6550 9642 m. +65 9670 9435 e.  pmitchell@napierblakeley.com

From 1st July 2017, this expansion of the CBD program will require most sellers and lessors of office space of 1000 square metres or more to obtain a Building Energy Efficiency Certificate (BEEC) before the building goes on the market for sale, lease or sublease.

BEECs include a Part 1 – the building’s National Australian Built Environment Rating System (NABERS) Energy for offices star rating which is valid for 1 year, and a Part 2 – Tenancy Lighting Assessment (TLA) of the relevant area of the building which is now valid for 5 years (since September 2016).

What hasn’t changed?

As the owner or lessor of a disclosure affected building:

• You must provide a current, valid BEEC to potential buyers or lessees free of charge, as early as possible in the transaction enquiry process and when requested;
• BEECs must be publicly accessible on the Building Energy Efficiency Register; and
• The building’s NABERS Energy star rating, Part 1 from the BEEC, must be included in any advertising material for the sale, lease or sublease of the building or office space.

The defined Exceptions to the CBD program, and Exemptions from disclosure obligations, have not changed.

What will change?

By lowering the mandatory threshold to 1000 square metres, the upcoming changes will effectively increase the number of disclosure affected commercial office buildings that will require a BEEC when for sale or lease.

Simultaneously leasing more than one floor space in a commercial office building (which may require adding together the net lettable area for those spaces), is more likely to now be over the 1000 square metre threshold.

What do I do now?

While maintaining a constantly valid BEEC is not required by the CBD program, most savvy building owners / managers have already realised conducting an annual NABERS rating for their building achieves benefits beyond simply complying with the CBD mandatory requirements.

Maintaining a valid NABERS rating each year makes the process of applying for a BEEC significantly easier and quicker should a mandatory disclosure trigger event (i.e. sale, lease or sublease) occur.

The documentation required to be gathered by the building owner / manager, and provided to the NABERS Accredited Assessor, is over at least a 12-month operational period. Therefore, if you think you may need a BEEC from July 2017, then you will need to have the correct building documentation and records dating back to at least July 2016.

The CBD website has a number of self-help fact sheets and guides available (www.cbd.gov.au).

However, if you think you may have a disclosure affected building this year and have never previously had an accredited NABERS rating, then we recommend discussing your particular situation with a CBD Accredited Assessor who can explain the relevant CBD and NABERS requirements.

Napier & Blakeley has CBD Accredited Assessors in each of our offices, if you have any enquiries or need to engage a NABERS or CBD Accredited Assessor as below:

SYDNEY
Rod Clarke
o.  02 8113 7104
m. 0417 736 402
e.  rclarke@napierblakeley.com

MELBOURNE
Paul Bullen
o.  03 9915 6300
m. 0418 407 863
e.  pbullen@napierblakeley.com

BRISBANE
Clayton Stewart
o.  07 3815 0498
m. 0419 528 707
e.  cstewart@napierblakeley.com

BRISBANE
John Proctor
o.  07 3815 0428
m. 0415 422 313
e.  jproctor@napierblakeley.com

For 32 years and counting Napier & Blakeley have been providing the following services to the property industry:

• Property Acquisition & Disposal Technical Due Diligence
• Property Development Due Diligence
• Quantity Surveying
• Capital Expenditure Forecasting
• Make Good Reporting
• Energy Management
• Development Monitoring
• Property Tax Depreciation

Please contact any of the people below for more information or assistance:

SYDNEY
Alastair Walker
Managing Director
o.  02 9299 1899
m. 0419 503 289
e.  awalker@napierblakeley.com

MELBOURNE
Craig Smith
Director
o.  03 9915 6300
m. 0407 371 664
e.  csmith@napierblakeley.com

BRISBANE
Paul Mazoletti
National Director
o.  07 3221 8255
m. 0408 749 202
e.  pmazoletti@napierblakeley.com

PERTH
Graham Rigby
Senior Associate
o.  08 9489 4895
m. 0419 847 998
e.  grigby@napierblakeley.com

Importantly, this impending expansion of the regulatory requirements of the CBD program to include additional commercial office buildings, also comes with the announcement of reducing the regulatory requirements for the Tenancy Lighting Assessment (TLA) component by increasing the TLA validity period from 1 to 5 years from 1st September 2016.

What does that mean?

If you own / manage a building, or an area of a building, that is:

• Now greater than 1,000 square metres;

• For administrative, clerical, professional or other information-based activities, including any support facilities of those activities (i.e. office space); and

• For sale, lease or sublease.

… then it could be disclosure affected from 1^st July 2017. If you have a disclosure affected building, it will need a valid Building Energy Efficiency Certificate (BEEC) before it is put to the market for sale or lease.

A BEEC comprises two parts that need assessment by an Accredited Assessor, these are:

1. A National Australian Built Environment Rating System (NABERS) Energy star rating for the building; and
2. An assessment of the energy efficiency of tenancy lighting in the area of the building that is being sold or leased, called a Tenancy Lighting Assessment (TLA).

A BEEC is valid for up to 1 year, but is no longer valid when either of the two parts listed above reach their respective expiry dates (currently both assessment parts have 1 year validity periods).

By lowering the mandatory threshold, the upcoming changes to the CBD program effectively increases the number of commercial office buildings that are expected to require BEEC’s, and hence increase the requirement for the Part 1 – NABERS Energy ratings to be conducted on those disclosure affected buildings.

The increase of the validity period from 1 year to 5 years of the Part 2 – Tenancy Lighting Assessment (TLA) from 1st September 2016, reduces the potential burden of having to re-assess the TLA component for the tenancy lease spaces each time a BEEC requires renewal in the future.

While maintaining a constantly valid BEEC is not required by the CBD program, most savvy building owners / managers have already realised conducting an annual NABERS rating for their building achieves benefits beyond simply complying with the CBD mandatory requirements.

Maintaining a valid NABERS rating makes the process of applying for a BEEC significantly easier and quicker should a mandatory disclosure trigger event (i.e. sale, lease or sublease) occur.

What do I do now?

The documentation required to be gathered by the building owner / manager to conduct a NABERS performance rating, is over at least a 12 month operational period. Therefore, if you think you may need a BEEC from 1st July 2017, then you need to start assembling the correct documentation and records from 1st July 2016.

Some office buildings or areas of buildings are not disclosure affected if they are:

• Mixed use buildings with less than 75% office space by net lettable area;

• New buildings, where there is a certificate of occupancy less than 2 years old;

• Strata-titled buildings;

• Transferred through the sale of shares or units of interest;

• Leased in a short term lease, (i.e. for a period of less than 12 months); or

• Leased by exercising an option to renew or extend an existing lease.

However, if you think you may have a disclosure affected building from 2017, and have never previously had an accredited assessment for a NABERS rating or TLA, then we recommend discussing your situation with a CBD Accredited Assessor. The CBD website also has a number of fact sheets and guides available (www.cbd.gov.au).

Napier & Blakeley has CBD Accredited Assessors within each of its Sydney, Melbourne and Brisbane offices, if you have any enquiries or need to engage a NABERS or CBD Accredited Assessor.

For any further information on this please contact:

SYDNEY
Rod Clarke
o.  02 8113 7104
m. 0417 736 402
e.  rclarke@napierblakeley.com

MELBOURNE
Paul Bullen
o.  03 9915 6300
m. 0418 407 863
e.  pbullen@napierblakeley.com

BRISBANE
Clayton Stewart
o.  07 3815 0498
m. 0419 528 707
e.  cstewart@napierblakeley.com

BRISBANE
John Proctor
o.  07 3815 0428
m. 0415 422 313
e.  jproctor@napierblakeley.com

For 30 years and counting Napier & Blakeley have been providing the following services to the property industry:

• Acquisition & Disposal Technical Development Due Diligence

• Quantity Surveying

• Capital Expenditure Forecasting

• Make Good Reporting, Energy Management

• Development Monitoring

• Property Tax Depreciation

Please contact any of the people below for more information or assistance:

SYDNEY
Alastair Walker
o.  02 9299 1899
m. 0419 503 289
e.  awalker@napierblakeley.com

MELBOURNE
Craig Smith
o.  03 9915 6300
m. 0407 371 664
e.  csmith@napierblakeley.com

BRISBANE
Paul Mazoletti
o.  07 3221 8255
m. 0408 749 202
e.  pmazoletti@napierblakeley.com

PERTH
Graham Rigby
o.  08 9489 4895
m. 0419 847 998
e.  grigby@napierblakeley.com