Australian Ethical Investment has launched a new property trust, a fund that invests in energy efficient buildings with a minimum 5-Star Green Star rating.
The trust, which was launched by Caroline Le Couteur, Greens MLA in Canberra, aims to provide long-term capital growth and a moderate income stream.
It attempts to provide 3 per cent returns above the annual consumer price index (CPI) over five year periods. Robert Sharf is the portfolio manager of the Property Trust.
The trust was launched at 64 Allara Street building, a 5 Star Green Star building, that is the first asset of the trust.
"A range of independent studies has confirmed that green building practices improve an asset's value by securing tenants more quickly, commanding higher rents or prices, enjoying lower tenant turnover and costing less to operate and maintain," said Romilly Madew, chief executive at Green Building Council of Australia.
"Investors wanting to do the right thing by the environment will also do the right thing financially."
Source: Financial Standard, 2009-10-09, Link
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