Ambitious Norwest Quarter development to deliver net-zero ready apartments
Holistic approach to sustainability at every phase of the building process
Sydney’s Norwest Quarter is one of Australia’s first masterplanned urban precincts to incorporate sustainable aspects from the design stage, with the goal of providing ongoing low emissions benefits to residents and the environment.
$80m
CEFC commitment
Net-zero
ready apartments
100%
renewable energy
Norwest Quarter in The Hills Shire of Sydney will be one of Australia’s first urban precinct developments to fully incorporate sustainable design principles from conception through to its construction and long-term performance, resulting in zero carbon living at 25 per cent less cost for residents.Greg ShawCEO, Mulpha Australia
Our investment
The CEFC and ANZ have each committed $80 million to the Mulpha Australia Norwest Quarter development in Sydney’s Hills district.
Stage 1 of the development will deliver 196 net zero-ready apartments with the potential to consume 50 per cent less electricity from the grid.
The CEFC and ANZ facility meets internationally-recognised Green Loan Principles, with ANZ acting as Sustainability Coordinator for the financing framework associated with structuring the facility as a green loan.
This is an excellent project to be involved in as we’ve worked with Mulpha to help develop their inaugural Sustainable Finance Framework, which aims to help accelerate Mulpha’s sustainable developments and strategy.Jo ScotneyGeneral Manager, Institutional Property and Health, ANZ
our impact
Net-zero ready development
The 196 sustainable Norwest Quarter apartments are expected to have an average 7-star Nationwide House Energy Rating Scheme (NatHERS) rating, provide residents with significant water savings and make it possible to reduce waste to landfill by more than 50 per cent.
The all-electric apartments will feature energy efficient appliances, LED lighting, induction cooktops, efficient plumbing fixtures and heat pump hot water systems. These inclusions aim to cut reliance on the electricity grid, minimise the apartments' carbon footprints and make it possible to reduce household bills by more than 25 per cent a year.
Electric vehicle charging infrastructure, solar rooftops and the use of low emission building materials will feature, alongside measures to support the circular economy such as recycled water for toilets and onsite organic waste treatment.
Norwest Quarter
Featuring two main towers designed by award winning Australian Architectural firms Smart Design Studio and Bates Smart, apartments within Norwest Quarter will be finished to a premium quality and significant sustainability standard. The broader Norwest precinct will include landscaped open space at ground level to aid urban heat reduction.
The development is estimated to have an abatement potential of 1,507 tCO2-e in the first year of operations and 30,132 tCO2-e over the projected lifetime.
The potential for residential emissions reduction
Australia’s residential property sector contributes 12 per cent to the nation’s total carbon footprint annually, with residential buildings responsible for some 24 per cent of Australia’s overall electricity use.
Efficient buildings, using proven clean energy technologies can reduce the stress on the electricity network, lower electricity consumption and cut national emissions.
Investing for best-in-class performance
In our first 10 years, the CEFC committed more than $1.92 billion to projects to transform the emissions profile of Australia’s property sector, demonstrating how energy efficiency and the integration of renewable energy can support the delivery of best-in-class emissions performance. We are financing projects that extend the benefits of clean energy across the commercial, industrial and residential property sectors.
Sustainable high density residential buildings have a leading role to play in the future of our cities and are particularly relevant to growing areas like north-western Sydney. Norwest Quarter is an ambitious development that has innovated by taking a holistic approach to optimise sustainability at every level of the building process. We need to lock in this approach to all new and existing buildings as we target net zero emissions.Ian LearmonthCEO, CEFC
