Industrial
Atlanta logistics portfolio
Four newly constructed, Class A logistics warehouses located across suburban Atlanta, Georgia
About the building
Rising over 29 levels including parking, retail and commercial spaces, 222 Exhibition Street boasts stunning, protected, unrestricted views across Melbourne. Its convenient location is just 300 meters to Parliament Station and a short walk to the Bourke Street Tram, with direct accessibility to some of Melbourne’s best parks, gardens, gymnasiums and bicycle paths. The building has a strong focus on wellness in the workplace with a modern end-of-trip facility including 300 lockers, 222 bike racks and 14 showers.
Investment rationale
In 2010, the building underwent a plant and equipment overhaul, elevating the overall offering and paving the way for the new rejuvenation works which will see it better meet the needs of the modern workforce and offer one of the most compelling leasing opportunities within the Melbourne central business district. The investment management team for the custom account client believes that this prime location in a highly sought-after office market, when combined with the building’s strong environmental credentials, will make it a strong and reliable asset for many years to come.
LaSalle owns 222 Exhibition Street on behalf of two custom account clients, each of whom holds a 50% stake in the building.
Environmental credentials
In line with LaSalle’s and our clients’ sustainable investment objectives, occupants benefit from the ability of 222 Exhibition Street’s predictive maintenance system to reduce the property’s energy consumption by reducing the amount of unnecessary maintenance work typically carried out at commercial buildings. The building also benefits from a smart building management system which monitors and adjusts HVAC usage based off real time usage and weather forecasts which has resulted in a 16% reduction in energy usage. A 67kW solar system is installed on the roof of the building, reducing the assets Scope 1 and Scope 2 emissions.
Recognition
In 2017, 222 Exhibition Street won the Collaborative Partnerships Award presented by the Facilities Management Association (FMA) for the building’s predictive maintenance system. The building has also been certified “Carbon Neutral,” Climate Active’s top certification in Australia and, in partnership with the property manager, LaSalle planned and delivered a 5.5-star Energy and 6-star Water NABERS rated asset, ahead of schedule. This significant commitment includes extensive environmental performance upgrades to improve the energy, waste, water and indoor environmental performance of the building.
Gallery
222 Exhibition Street is a LaSalle custom account property
Explore more custom account properties
Industrial
Office
Sixty London Wall
Grade A office accommodation with excellent sustainability credentials
Residential
Pier 8 at The Preserve
A luxury apartment community in suburban Tampa
Office
2020 K Street
A downtown Washington office property with strong sustainability credentials
No results found
Important information
The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.
Important information about sustainability
A decision to invest should consider all characteristics or objectives disclosed in the offering document. Please refer to the offering document before making any final investment decision.
Except where specified either in this webpage or any other documents, any sustainability or impact goals, targets, commitments, incentives, initiatives or outcomes referenced in any information, reporting or disclosures published by LaSalle are not being marketed to investors or promoted and do not bind any investment decisions made in respect of, or the management or stewardship of, any funds managed by LaSalle for the purposes of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Any measures in respect of such sustainability or impact goals, targets, commitments, incentives, initiatives or outcomes may be overridden, may not be implemented or may not be immediately applicable to the investments of any funds managed by LaSalle (in each case, at LaSalle’s sole discretion).
Information about 222 Exhibition Street’s ratings and certifications
- The WELL Health Safety Rating was issued December 2024 and has an expiration of December 2025. LaSalle provided compensation to the International WELL Building Institute (IWBI) for certification. Please visit IWBI for more information.
- The NABERS Energy Rating was issued November 2024 and has an expiration of November 2025. NABERS Water Rating issued September 2024 with an expiration of September 2025. LaSalle provided compensation to the Australian Government for certification. Please visit NABERS for more information.
- The WiredScore certification was issued September 2024 and has an expiration of September 2026. LaSalle provided compensation to WiredScore for certification. Please visit WiredScore for more information.