369 Royal Parade

Location Parkville, Melbourne, VIC
Services Building performance services
Sector Workplace
Client Riverlee

Garrit Schot

T +61 3 9635 3700

369 Royal Parade is a commercial office building with 9,000m² of leasable area.  Owner Riverlee set out a number of aspirations to improve the environmental and operation performance in order to enhance their asset value and reduce on going costs.

Cundall was appointed to work in partnership with Riverlee as building performance advisor and building services engineer in delivering the desired project outcomes and achieving Riverlee’s long-term vision for this asset.

Detailed feasibility studies and energy impact modelling were carried out on different system types and for multiple scenarios to identify prospective options.

The Stage 1 works were completed mid 2012 with the following results realised between 2013 / 2014:

  • Operational cost saving over $ 95,000 per annum (33% saving)
  • Electricity saving of 395,440 kWh (32.7% saving) per annum when compared to pre-project operation.
  • Natural gas saving of 1,366,983 MJ (40.6% saving) per annum when compared to pre-project operation.

The aesthetic and performance improvement at the premises have become a valuable marketing tool for the property leasing agent to attract and retain tenants. This directly results in improved weighted average lease expiry (WALE) for this property with anticipated improvement to the corresponding asset value.

The energy, environmental and operational performance of this asset continues to improve with astute building operation and management by Riverlee, and supported by ongoing building performance advisory by Cundall.

Knowledge hub

Parkville gem transformed: 369 Royal Parade, VIC

This case study explains in detail how Cundall assisted Riverlee increase the overall performance of the building.

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