Dexus

Waterfront Brisbane is a $2.5 billion city-shaping development that will transform the former site of Eagle Street Pier into a global-standard business and tourist destination. The project has incorporated circular economy principles and is achieving new sustainability benchmarks in recycling and re-use.

Waterfront Brisbane comprises two new office towers, a vibrant riverfront retail precinct, expanded public space including the widening of the riverwalk, and the recently opened destination dining experience at the refurbished Naldham House.  

Working in partnership with our builder, the project is targeting the removal of 25,000 tonnes of waste material at development completion and has set a new industry benchmark, achieving a 98% recycling rate for all construction and demolition waste from the site to date.

We have partnered with leading Queensland waste recycling and recovery company, Rino Recycling, to reclaim construction and demolition waste and refine it in their world-first facility. At Waterfront Brisbane, waste concrete is washed, crushed and converted into new building material for civil and construction projects, including at Dexus’s new industrial estate, Crossbank at Hemmant.  
 
We have also partnered with Australian research design and manufacturing studio, Five Mile Radius, to create furniture and architectural elements manufactured entirely from recycled construction material from the Waterfront Brisbane site for use in the public realm. 

With a focus on re-use, the development team has found a new home for Eagle Street Pier’s commercial kitchen equipment and fixtures. Dining tables and chairs, light fittings, artwork and plants from the Pier’s hospitality operations have been repurposed to Peggy Place, Queensland's largest shelter for women and children fleeing domestic violence. 

Atlassian Central will anchor Sydney’s technology and innovation precinct, known as Tech Central, and will be the new Australian headquarters of global tech firm, Atlassian. The world-leading design will be a catalyst for change, setting a new standard in sustainability and workplaces globally. 

Atlassian Central will be the world’s tallest hybrid timber and steel building. The project comprises a 39-level Premium grade office tower with retail amenities and a new YHA hotel at its base, as well as a new integrated public realm connecting to Central Station.  
 
The building features innovative design principles including a striking timber design with a glass and steel exoskeleton façade, and an operable façade which will create distinct high-rise habitats featuring internal and external spaces and abundance of natural light and ventilation.

Atlassian Central will push the boundaries of sustainable commercial buildings with ambitious sustainability targets. It will have half the embodied carbon of a conventional equivalent in its construction, consume half the normal energy during its operation and be fully powered by renewable energy. The tower will feature an electricity-generating façade system with self-shade capabilities to reduce direct heat gain and mass timber construction, significantly lowering the building’s embodied carbon footprint.

This year, we unveiled the public artworks within Atlassian Central. Indigenous Australian, Brooke Andrews, and Korean Australian, Soo Sunny Park, were selected from more than one hundred Australian and International artists considered for the public art component at Atlassian Central. The artworks capture and acknowledge the heritage of the site and its importance in the transition of the precinct to an innovative and sustainable future.  
 
Construction of Atlassian Central is on track for completion in late 2026.

Since its inception in 2019, Tribe has been a force for inclusion, driving initiatives to make our workplace inclusive and supportive of LGBTQ+ colleagues. This year Dexus was recognised as an inclusive employer of choice, achieving Silver Employee Status on the Australian Workplace Equity Index, the national benchmark on LGBTQ+ workplace inclusion.  
 
In FY24, Tribe focused on employee education and awareness. Promoting language inclusivity, we introduced an option for our people to display their preferred pronouns in e-signatures. We launched Foundations of LGBTQ+ inclusion training across the workforce, making donation to Wear It Purple of $100 for every employee who completed the training. Our Talent and Acquisition team has been equipped with additional training and resources to support them in their recruitment practices. 
 
To further raise awareness of inclusion, Tribe hosted its annual Wear It Purple event dedicated to supporting LGBTQ+ youth globally. People turned out in people to celebrate inclusion, promote visibility and show their commitment to acceptance and equality. We were honoured to host Brenna Harding, Wear It Purple Board Director and Vice President, who shared insights into the organisation's work through the year. This event raised funds for Wear to Purple while encouraging learning from our employees’ lived experiences.

These achievements, combined, demonstrate our commitment to fostering an inclusive workplace where everyone feels valued and respected. 

We continue to support opportunities to improve gender diversity in the property sector through our Future Leaders in Property (FLIP) program and partnering with the Property Council of Australia on the Girls in Property initiative.

FLIP is a Dexus initiative designed to nurture the potential of young women across Australia, providing them with a unique insight into the multifaceted world of real estate. This year we ran the FLIP program at our Waterfront Brisbane development. Participants were given a behind the scenes look at the planning process, guided by the women who are helping to deliver this city-shaping development. 
 
Girls in Property is an industry-wide initiative which raises awareness among high school students of the various career paths available across the property industry. This year we hosted 40 girls at our Sydney headquarters at Quay Quarter Tower, providing a tour of the award-winning building and giving insights into the roles that helped deliver the project.  
 
Improving gender diversity in our workforce and across the property industry remains a focus. We believe that diversity promotes better decision making and is a catalyst for innovation, growth, and sustainable success.

This year we piloted the Dexus Mentoring Program, connecting mentees with mentors across different teams to support career progression at Dexus. 

The Dexus Mentoring Program was initiated following the feedback received in our engagement surveys which identified career progression and role opportunity as key performance drivers for our people. 

The pilot attracted 40 participants who were interested in this unique opportunity for connection and growth. The program enabled participants to share diverse perspectives and enhance positive connections across functions and teams, while providing real-time support for mentees and workshops that give guidance at every step. 

Following positive feedback from both mentors and mentees, the Dexus Mentoring Program will be embedded as a people development initiative in FY25.

Customer prosperity is not only supported through the creation of high-quality assets and experiences, it also fostered by cultivating workplaces that prioritise productivity and wellbeing. 

Our commitment to nurture the mental health and resilience of our people extends to the wellbeing of our delivery partners and customers. To support this, this year forged strategic partnerships to  implement mental health initiatives across our industrial precincts. 
 
Partnering with MATES in Construction, a charity established in 2008 to reduce the high level of suicide among Australian construction workers, we provided community development programs at our industrial development sites.  

We collaborated with Coles, a customer at Dexus Industrial Estate in Truganina, to raise awareness of mental health through a joint initiative, Healthy Heads Road Show across the estate. This initiative served as a powerful platform to promote mental health awareness among transport, warehousing, and logistics sector customers. 
 
At our industrial estate Horizon 3023 Ravenhall, we observed R U OK? Day with an industry-specific event, ‘R U OK? In Trucks & Shed Day’. The theme for this year, ‘Ask R U OK? - no qualifications needed’, underscored the importance of genuine, authentic conversations. It reminded our customers’ employees that anyone can make a positive impact by checking in with a colleague or friend, regardless of formal qualification.  
 
We aim to dismantle the stigma around mental health and foster a supportive work environment through tailored resources and meaningful connections, and are proud to work closely with other organisations that prioritise mental health.

The appointment of Accor Hospitality Services as our hospitality partner supports our focus on customer prosperity through the delivery of 5-star customer service across the properties we manage in our Australian office portfolio. 
 
Accor Hospitality Services is a division of Accor, the largest hotel operator in Australia and New Zealand. The partnership with Dexus leverages Accor’s deep hospitality expertise to bring premium customer experiences and 5-star concierge services typically only found in hotels to our customer offering.  
 
This year the partnership delivered more than 5,400 community events and activations across the office buildings within our national portfolio, enhancing the experience for our customers. 

Bayfair Shopping Centre has been recognised as the most sustainable shopping centre in New Zealand, achieving a 4-Star Green Star performance rating by the New Zealand Green Building Council. This achievement underscores our commitment to sustainable management practices and innovative strategies aimed at reducing our environmental impact.  
 
We implemented several initiatives to achieve this rating including:

- promoting alternative transportation, including ridesharing, EV charging stations for vehicles and end-of-trip facilities for cyclists. A customer initiative, ‘Wednesday Challenge’, incentivised shoppers to choose sustainable modes of transport over cars 
 
- a new approach to waste management, replacing the bins in the 440-seat food court with a waste collection service that resulted in a 56% diversion of waste to landfill rate

- an Environmental Management System plan ensuring environmental responsibility at every level, including use of non-hazardous cleaning products, regular procurement audits and staff training to ensure staff members are well-versed in sustainable procurement policies.

With the support of the joint owners, Dexus Wholesale Shopping Centre Fund and Fisher Funds, Bayfair is leading the way for a more environmentally responsible future. 

A distribution centre built by Dexus for global appliance manufacturer Electrolux Group at Horizon 3023 industrial estate in Ravenhall is the first facility in the Dexus Industrial portfolio to achieve a 6 Star Green Star as Built rating by the Green Building Council of Australia.  
  
To achieve the points-based accolade, both Dexus and Electrolux Group committed to achieving world leading sustainability standards and efficiency, including: 
• 100% renewable energy
• a 250kW roof top solar array
• three electric vehicle charging bays
• two 50,000L rainwater recycling tanks to supply landscaping irrigation and bathroom amenities
• using sustainable materials including active noise and glare reduction systems across the office and showroom spaces to improve employee wellbeing
• utilising natural light supplemented by efficient motion sensor LED lighting
• Electrolux Group investment in onsite recycling infrastructure to handle appliances, cardboard and paper on site

As a result of these initiatives, the Electrolux Group facility has avoided more than 3,520 tonnes of carbon being released into the atmosphere over the first term of its lease. 

We continue to work with our customers across the platform to deliver flexible, efficient facilities to help them achieve their net zero and efficiency goals.

We value the partnerships we have with our community charities to create social value and connection with employees and customers across our platform. 

As a national charity partner of Cerebral Palsy Alliance, we participated in two events in FY24 alongside our people, customers and suppliers. 
 
More than 120,000 people from 2,400 organisations across Australia participated in the annual STEPtember challenge in 2024, including more than 330 Dexus people and customers. Our team took more than 70 million steps, raising $37,400 for Cerebral Palsy Alliance.
 
This year’s Krazy Kosci Klimb saw a team of Dexus volunteers accompany Louis, alongside his family and friends, on an 18.6 kilometre round trip to Australia’s highest point, Mount Kosciusko. The event raised funds for Cerebral Palsy Alliance, with donations helping to fund sporting camps for young people living with a disability.   

Heralding the arrival of spring with an extraordinary display of 20,000 yellow flowers, the Daffodil Day activation at Rialto in Melbourne raised funds and awareness for Cancer Council’s mission.  Customers showed their support by purchasing bunches of daffodils, with all sale proceeds donated to the Cancer Council’s Daffodil Day Appeal to fund life-saving cancer research for people with cancer.

Our retail assets across Australia and New Zealand support their diverse communities by celebrating cultural significant days across the year including Christmas, Easter, NAIDOC Week and Chinese New Year.  
 
At Christmas, our shopping centres created customised experiences for their communities – from an award-winning Santa set at Macquarie Centre in Sydney and surprise parcel boxes at QV Melbourne, to festive food workshops at Indooroopilly Shopping Centre in Brisbane and a sustainable approach to Christmas at Bayfair Shopping Centre in New Zealand. 

Lunar New Year was celebrated across the retail portfolio with red lanterns adorning the centres and dragon performances entertaining visitors. At Macquarie Shopping Centre, dumpling retailer Taste of Shanghai was featured on Sunrise on Channel 7, highlighting the activations at the Centre and profiling one of our retailers. Dumpling workshops were one of the many activities held at Macquarie Shopping centre to help call in the Year of the Dragon. 

We continue to evolve our retail destinations to provide engaging experiences for our customers, delivering thriving hubs that support our communities and generate social and economic value.

As a real asset group managing assets across Australia, we are in a unique position to work with our First Nations partners, customers and communities to advance our vision for reconciliation across all our assets. Our commitment to reconciliation is reflected in our Reflect Reconciliation Action Plan (RAP). 

This year we launched a new RAP, outlining how we will strengthen relationships, respect and opportunities with Aboriginal and Torres Strait Islander Peoples. The refreshed document continues to build on our existing achievements and provides the opportunity to align with our new purpose, values and core business, and prioritises areas of impact. Our RAP will be a living document that will guide us on this next stage of our journey.

As part of our vision, we have identified three areas aligned to our sustainability priorities where we believe we can create the greatest impact working with our First Nations partners. These are:

- Customer Prosperity: Engaging with our customers to support their RAP journeys, providing practical support for tenant initiatives within our assets, sharing our knowledge and connecting with our partners

- Climate Action: Supporting the Indigenous carbon industry through carbon offsets that are Indigenous-led, innovative, and support healthy country and better livelihoods for First Nations peoples

- Enhancing communities: Acknowledging and partnering with Indigenous peoples across our assets to activate our spaces that ensure our assets are accessible and reflective of the communities in which they operate. Underpinning our vision is a specific commitment to education and acknowledging the past, recognising the present, and taking action towards a better future. 

As an organisation managing assets across Australia, we are in a unique position to collaborate with our First Nations partners, customers and communities.

The 2024 Reconciliation Week theme, ‘Now More Than Ever’, took centre stage at Quay Quarter Tower in Sydney where we staged an aerial performance in the tower’s lobby. Scored by esteemed Indigenous composer, William Barton, and co-directed by Frances Rings of Bangarra Dance Theatre, the performance was exclusively commissioned by Quay Quarter Sydney. The performance served as an expression of ongoing reconciliation for all Australians.  

In celebration of NAIDOC Week, we provided opportunities for our customers and communities to deepen their understanding of the histories, culture and achievements of Aboriginal and Torres Strait Islander people. 

Our properties across Australia embraced the theme, ‘Keeping the Fire Burning! Blak, Loud & Proud’, shining a spotlight on indigenous artwork, hosting smoking ceremonies, performances and presentations from First Nations Peoples.

At Macquarie Centre, visitors enjoyed an immersive experience artwork display by Natalie Abrahams, a proud Wadi Wadi and Walanga Muru artist who won the 2024 Macquarie Centre NAIDOC Week Artwork Competition.

As part of our support of Reconciliation Week and NAIDOC Week, we invited our customers and employees to purchase new children’s books in our annual Share-A-Book campaign for the Australian Literacy & Numeracy Foundation, which were donated to Indigenous communities in need of resources.

Atlassian Central is a world-leading project that will be a catalyst for change, setting new standards in sustainability and innovation for office buildings globally.

Dexus is a co-investor and the developer of Atlassian Central, the new Sydney headquarters of the leading global tech firm. Together with the adjoining Central Place Sydney, Atlassian Central will anchor the government-backed Technology Central, a global innovation and collaboration precinct.

In August 2022, Dexus commenced construction on Atlassian Central, a 39 level Premium-Grade office tower incorporating a new hotel owned by Youth Hostels Australia (YHA) at its base. The building will offer an activated retail destination with an integrated public domain and enhanced accessibility connecting to Central Station.

Atlassian Central is leading the way in low carbon construction and sustainability initiatives that will minimise the impact on the environment and deliver high occupant comfort and low energy consumption. These include a 50% reduction in embodied carbon in construction, by using timber, green steel and green concrete, and being powered by 100% renewable energy from day one of operation. The building is targeting a 6 Star Green Star As Built and a 5.5 Star NABERS Commitment Agreement.

The innovation and insights from the design and construction of Atlassian Central will be shared with projects internationally.

During FY23, we continued our work towards reconciliation and engagement with key days of significance, including National Sorry Day, National Aboriginal and Islanders Day Observance Committee (NAIDOC) Week and National Reconciliation Week (NRW).

These days provide an opportunity for our people and customers to engage with initiatives and activations that support learning and understanding of Aboriginal and Torres Strait Islander peoples’ culture and history and to appreciate the importance of reconciliation.

For NRW, we provided our employees with a list of engagement resources to further enhance their understanding of the part we can all play in supporting and progressing reconciliation. These included resources to listen, watch, learn, along with state-based activities that were held throughout the week.

For NAIDOC Week, we held a Lived Experience Lunch and Learn for our office customers in Sydney. The event was held in partnership with our community partner, Black Dog Institute, with special guest Andrew Bacon, a Yamatji Man from the Murchison Gascoyne Region in Western Australia. Andrew gave insights on Aboriginal and Torres Strait Islander peoples’ understanding and experience of mental wellbeing and shared his own mental health journey.

Throughout NRW and NAIDOC Week, our Australian Literacy and Numeracy Foundation Share-A-Book Campaign collected books from customers in buildings across our portfolio which were donated to Aboriginal and Torres Strait Islander peoples to support their learning of language and communications skills.

NAIDOC Week at Indooroopilly Shopping Centre, Queensland

Indooroopilly Shopping Centre celebrated NAIDOC Week this year collaborating with a local artist, Matt Robert. The artist was commissioned to create an artwork for the centre’s hoarding decal to communicate the story of the local area to centre visitors.

The artwork, Ngalin Ayeye (Our Yarn), included images of the lands on which the centre is located and the connection these lands and surrounding areas have to the local Aboriginal and Torres Strait Islander community.

Dexus’s capacity to create value is influenced by the strength of its relationships with the communities in which it operates. During FY23, we contributed over $630,000 financially and in-kind to communities across the country through the following initiatives.

Day One Charity Drive

First completion of the AMP Capital transaction enabled the transition of the AMP Capital employees to Dexus. To celebrate the two groups coming together, we invited our people to participate in a Day One Charity Drive. Employees were invited to select one of four charities, Black Dog Institute, Planet Ark, Eat Up Australia and Yellow Brick Road. Dexus donated $10 for every selection made, raising more than $5,000 across the four community partners.

Volunteering Day

Dexus encourages its employees to connect with and support community causes through an annual Volunteering Day, where all employees are allocated one day of paid volunteering leave per year to use supporting a charity of their choice.

In FY23, this initiative has seen the Funds Management team volunteer at Ronald McDonald House, the Corporate Affairs and Communications team volunteer at Thread Together, and employees participate in the Balmoral Swim and STEPtember. Dexus employees and customer teams also pitched in to make sandwiches for Eat Up Australia across many of our office locations.

The Property Industry Foundation (PIF) brings together the property and construction industry in a unique collaboration to have a tangible impact on youth homelessness. In September 2022, Executive General Manager, Funds Management, Deborah Coakley embarked on the PIF Walk Against Homelessness. Deborah joined a passionate group of industry leaders who walked the two-day Scenic Rim Trail in South-East Queensland’s Main Range National Park, raising funds for the charity that supports many young people who are deprived of a safe and secure place to sleep each night across Australia.

Community partner activations for our customers

Dexus partners with community groups that align with its values, creating experiences for customers to educate and raise funds to address social causes. Year-on-year this includes activations for Daffodil Day for Cancer Council Australia at Rialto in Melbourne and supporting Earth Hour and International Women’s Day. For International Women’s Day this year, we hosted an afternoon of conversation with celebrated Australian journalists, Leigh Sales and Annabel Crab, for our customers based in Sydney.

Together with our capital partner Dexus Wholesale Property Fund (DWPF), we are reimagining a central city destination, 25 Martin Place, through the creation of a vibrant cultural, retail, and dining precinct.

25 Martin Place builds on iconic architect Harry Seidler’s vision to create a dynamic city within a city, from the outdoor plaza to the sculpture courtyard, terraces and laneways, the precinct’s integrated spaces create a generous public space for all to socialise and connect.

In December 2022, the renowned Theatre Royal was re-opened, after undergoing refurbishment, bringing theatre, performances and creativity once again to the heart of the city. Alongside the modernised Theatre Royal, the NSW Governance has signed a 55-year lease enabling the Theatre to once again house world class productions from Australia and around the world from musicals, plays, dance and live music.

A highlight of 25 Martin Place is the new restaurant and bar al fresco precinct, along with the world-renowned luxury fashion houses that will join a line-up of premium and contemporary boutiques to reinforce Castlereagh Street as a premium luxury retail destination.

This transformation will continue the legacy of 25 Martin Place in the heart of the Sydney CBD and contribute to the city’s day and night-time economy, generating more than 300 new retail, hospitality and theatre jobs, ensuring the precinct continues to contribute to the CBD for years to come.

Workplaces play an essential role in building collaboration, culture and innovation. In mid-2023, Dexus relocated our Sydney Head Office to the internationally renowned Quay Quarter Tower (QQT). QQT is a Dexus-managed building, with Dexus Wholesale Property Fund (DWPF) holding an ownership interest.

QQT was originally built as the AMP Centre in the 1970s, with a vision to transform the traditional office space to be the centrepiece of a thriving cultural precinct on the buzzing foreshore of Sydney Harbour.

AMP Capital’s real estate and domestic infrastructure business was acquired by Dexus during the financial year, with first completion of the transaction occurring in March 2023. The transaction saw our Sydney workforce co-locating to QQT.

The Premium-Grade office building places customer experience, sustainability and smart technology at the centre of its design to deliver a world-first vertical village that redefines the future of work. QQT offers some of the city’s best views reflecting the building’s focus on promoting human interactions and smart technologies to drive business success.

In April 2023, QQT welcomed Her Royal Highness Crown Princess Mary and Danish Minister for Development Cooperation and Global Climate Policy, Dan Jorgensen, as part of Her Royal Highness’ Sustainability and Green Energy Tour to highlight the everchanging impact of climate change.

Developed by AMP Capital with builder Multiplex, QQT was awarded a 6-Star Green Star As Built v3 Rating by the Green Building Council of Australia, recognising the building as world leading. The Green Star Rating adds to the other prestigious awards the tower has achieved, including the World Building of the Year 2022 and the International High-Rise Award 2022.

Placing sustainability and the customer experience at the centre of its development, the lessons learnt from the design and construction of QQT will be shared with projects globally, including our current development at Atlassian Central.

Now in its fourth year, our employee community promoting LGBTQ+ inclusion and psychological safety in the workplace continues to foster allies.

The TRIBE network’s key focus in FY23 was gender neutral bathrooms, with TRIBE advising future project teams about the importance of considering gender neutral bathrooms. Dexus continues to work with project directors and customers to include gender neutral bathrooms at the concept design level of our developments.

Pride in Diversity Australia

We are proud to have been recognised once again as a Bronze Employer by Pride in Diversity's Australian Workplace Equality Index in July 2023. Pride in Diversity’s Workplace Equality Index is the definitive national benchmark for LGBTQ+ workplace inclusion.

Wear It Purple

TRIBE hosted its annual event with Wear It Purple in August 2022. We were joined by Wear It Purple President, Lara Husselbee, who shared her story on the challenges faced by the LGBTQ+ community in workplaces. These events allow our people to come together and show support for the LGBTQ+ community while also providing the opportunity for us to learn from our own employees’ lived experiences.

Sydney WorldPride 2023

Sydney WorldPride 2023 provided the platform for us to participate alongside industry peers in supporting the LGBTQ+ community on the global stage through numerous activations around the Sydney CBD.

Dexus buildings, including Quay Quarter Tower, 25 Martin Place and 1 Bligh Street, joined the Property Council of Australia and BuildingPride initiative where its members’ buildings were lit up to display a rainbow of lights across the city’s skyline.

Also in partnership with BuildingPride, we also attended local rainbow events, Fair Day in Sydney and Midsumma in Melbourne, in the lead up to WorldPride 2023. And at Gateway Sydney, we partnered with the City of Sydney to host the ‘Big Gay Breakfast’, a family-friendly event that provided a range of food and activities for kids.

Our TRIBE network will continue to be a force for inclusion in the property sector in FY24.

We know that diversity promotes better decision making, and in FY23 we continued to seek out opportunities to improve gender diversity in the property sector.

Continuing our industry partnership with the Property Council of Australia on the Girls in Property Program, we worked to raise awareness among high school students about the possibility of a career in property.

In June 2023, two members of our Industrial Asset Management team volunteered to mentor a group of female high-school students from Auburn Girls High School. The students worked on a real-life scenario, presenting a case study that provided a solution for an online retailers’ warehousing requirements in the Sydney industrial market.

Alongside our participation in the Girls in Property Program, we launched the next module of our businesses program, Female Leaders in Property (FLIP), to support the next generation of female leaders.

In September 2022, high-school students from Lourdes Hill College and Somerville House were hosted by our Waterfront Brisbane project team as part of the FLIP program. Dexus female leaders took part in a panel discussion to educate the students about our city-shaping developments and to empower them to consider building a career in property.

In November 2022, a team of female employees associated with 25 Martin Place, Sydney, hosted high-school students from Monte Saint Angelo Mercy College on a precinct tour and discussed each of their career paths and experiences working in the property industry.

We are proud of the role we continue to play in generating a more diverse pipeline of talent by encouraging females to consider a career in property.

A partnership with My Foundations Youth Housing (MFYH) is providing short-term accommodation for at-risk youth and refugees at the former Adina Apartment Hotel. The project acts as a critical stopgap to provide residents with safe, secure and affordable housing.

The Central Project housing initiative is being undertaken by Dexus, Atlassian and TOGA Group. The project is located alongside the site for Atlassian Central which is co-owned by dexus and Atlassian and being developed by Dexus. Along with Central Place Sydney, Atlassian and TOGA Group’s building will bookend the northern end of Sydney’s new technology and innovation precinct, Tech Central.

In early 2023, part of the former Adina Apartment Hotel was converted into interim housing solution for The Central Project, while the project’s Development Approval is being assessed.

Supporting this initiative, social initiative Thread Together has been provided with retail space to provide the residents with brand new clothing.

Rebecca Mullins, CEO, MFYH, said the project showcases the impact of collaboration between corporate partners and charitable bodies.

“MFYH believes all young people should have a safe, supportive and affordable home, and this project offers accommodation smack bang in Central Sydney for people in need, with transport connections and job opportunities on their doorstep.”

Sydney’s annual Vivid festival transforms the CBD’s iconic spaces with light installations, music and ideas. This year, the Gateway Sydney dining precinct at Circular Quay was morphed into an enchanting butterfly wonderland.

In collaboration with a local design studio, Gateway Sydney hosted a school program, The Science of Colour and Light, where Year 4 students learnt about how structures in nature alter light to create colour. The students created a unique butterfly installation named “Flutter” that went on display for the duration of the Vivid festival. Dexus supplied over 250 recycled butterfly kits to deliver this program.

We are proud to have once again been involved in Vivid Sydney, celebrating the vibrancy of leading destinations like Gateway Sydney and enhancing communities through the enduring relationships we have with our customers and communities.

A trial project to tackle organic waste at QV Melbourne has demonstrated the possibilities for circular waste outcomes.

A grant from Sustainability Victoria enabled QV Melbourne to conduct a waste audit of the iconic shopping centre and office tower located in the centre of Melbourne’s CBD. The aim of the audit was to identify where the building could make the most positive impact using circular economy principles to deal with organic waste.

Once the audit was completed, QV Melbourne engaged a circular economy consultant to conduct a trial of a new waste management solution which involved collecting and feeding the centre’s waste to Black Soldier fly larvae.

Over a week, the larvae grew to 3,000 times its size by eating the waste and producing 1.5 times their weight in manure. These two materials were then separated, with the larvae being processed to create high quality protein for animal feed and the manure being returned to QV Melbourne to be used as fertiliser.

The success of this trial demonstrates how waste processing systems are more cost effective and sustainable than traditional composting facilities and landfill. QV Melbourne has reached higher outcomes of waste recovery, by transforming the precinct’s food waste into animal feed and fertiliser that reduces the environmental impact of the wider food system.

Dexus achieved net zero emissions across its managed portfolio in 2022. As the AMP Capital assets are integrated into the Dexus platform, we are implementing initiatives across the expanded portfolio to continue the net zero journey for the building operations of the assets we manage across our group property portfolio.

These initiatives include supporting customers through renewable energy supply, including onsite renewable energy installations at our industrial estates and sourcing innovative ways to generate renewable energy offsite.

Solar powered industrial facilities

Throughout FY23, we continued to roll out on-site photovoltaics (PV) across our industrial portfolio. Approximately 4.2 megawatts of solar array has been installed at Horizon 3023 industrial estate in Ravenhall, Victoria. Nike, Lululemon, Mitre 10, Myer, Elders, Amazon, Hello Fresh and Electrolux have all installed solar panels on their roofs to capture renewable energy to power their operations.

We continue to partner with our customers to deliver developments embedded with strong sustainability practices that provide long-term value and help support our customers on their own sustainability journey.

GreenPower Buyers Group

Dexus has created a GreenPower Buyers Group (GPBG) for like-minded customers to collectively purchase renewable electricity for their premises, supporting their greenhouse gas (GHG) emission reduction goals.

GPBG aims to support customers within our assets to overcome the challenges of souring renewable electricity for their tenancy by collaborating to make the process simple and easy and to save costs.

GPBG is an independent government accredited scheme and is recognised as the standard for offsite renewables in Australia. Since inception in 2021, the members have collectively purchased over 1,600 megawatt-hours of renewable electricity, avoiding over 1,000 tonnes of GHG emissions.

Supporting our customers in choosing GreenPower helps to drive renewable energy investment to reach beyond mandatory government requirements, creates jobs in the renewable energy sector and supports local suppliers who provide services to accredited renewable generators.