Local Government Super wins Australian Property Institute award
Local Government Super (LGS) has emerged a winner from the Australian Property Institute NSW Excellence in Property Awards.
The fund announced that its Carnegie Morgan Hill House had won its second award of the year by securing the Environmental Award.
It said the award related to LGS's office building at 120 Sussex Street, Sydney, with the judges citing "its various sustainability features and achievements, in addition to the well-executed design and development of the project".
Commenting on the award, LGS chief executive Peter Lambert said the fund was leading the industry in the greening of older office buildings in Australia in a way that had the potential to revolutionise how owners and managers retrofitted their buildings in the future.
"These building upgrades significantly reduce energy consumption across our property portfolio, lowering running costs and improving the investment returns for our members," he said.
Recommended for you
ASIC has accepted a court enforceable undertaking from a Perth-based company auditor who failed to adequately conduct multiple audits on an advice firm that receivers say has $100 million missing.
After a brutal month for adviser numbers, the net loss for June now stands at more than 100 advisers, but the financial year is still on track to end in positive territory.
Two advice platforms have been identified by Adviser Ratings as standouts for efficiency as time-pressured advisers become evermore fickle in their platform selection.
Private wealth manager Escala Partners has increased its alternatives allocations to more than a third in the past three years, describing the asset class as offering “fertile ground” for diversification.
