AMP fund gets Clean Energy backing
AMP Capital’s AMP Capital Wholesale Office Fund has been awarded a $100 million mandate from the Australian Government’s Clean Energy Finance Corporation (CEFC).
The mandate is seen as backing the fund’s sustainability credentials including becoming carbon neutral by 2030.
Confirming the investment, AWOF fund manager, Nick McGrath said it was pleased to welcome CEFC as an investor in the fund which had attracted $700 million in equity investment since 2016.
“With a portfolio of 12 premium properties, AWOF is well positioned to deliver sustainability outcomes for investors such as CEFC,” he said.
He said AWOF's pipeline of green assets, including Quay Quarter Sydney and Australian Technology Park, were among existing premium commercial office assets such as 200 George Street in Sydney and 700 Bourke Street in Melbourne, which was recently awarded a six Green Star Performance rating.
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