Arcadia Funds Management is a boutique institutional investment management and advisory business focused exclusively on institutional capital in the real estate sector. Established in 2002, Arcadia has grown into one of Australia’s leading boutique institutional real estate investment managers and advisers.
Arcadia manages the Australian Wholesale Property Fund (AWPF) and the PSS/CSS B Property Trust (PCB) Property funds.
Arcadia made a commitment to their stakeholders to improve their Environmental, Social & Governance (ESG) performance. NDY was engaged to assist in developing an appropriate framework, commitments and initiatives to support this.
One of Arcadia’s ESG targets, set through NDY’s engagement, is their carbon neutral target. Our team investigated the Funds’ commercial, industrial and retail assets to develop a zero carbon transition plan. Certain assets are also jointly owned with other partners, making reviews at an asset level complex.
NDY has worked with Arcadia over the last three years to develop a baselines for each fund to then benchmark their ESG targets against and create continued improvement and value. Our team has become more involved at an asset level to drive sustainable performance across all sectors of Arcadia (office, retail and industrial) including:
- Undertaking a detailed audit of the World Square Shopping centre
- Partnering with NDY’s services team, undertaking the major refurbishment works at 52 Goulburn St and 1 Chifley Square
- Completing Green Star Performance certifications for two industrial assets.
Additionally, NDY continues to work with Arcadia to ensure year-on-year improvement of their GRESB rating.
Project Details
Services:
Sustainability
Market Sector:
Industrial
Offices
Retail
Client: Arcadia
Completion: December 2020 - ongoing
Location:
Australia
