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Follow our steps to enter into an Environmental Upgrade Agreement (EUA) with the City.
A smarter way for owners to access capital for improvement projects, allowing them and tenants to reap the benefits of operating a more sustainable and efficient property.
Follow our steps to enter into an Environmental Upgrade Agreement (EUA) with the City.
Building upgrade finance, also known as environmental upgrade finance, helps building owners to access capital with very favourable terms to upgrade their commercial building and save on energy, water and waste, and improve the value of their asset.
Both owners and tenants reap the benefits of a more sustainable and efficient building.
As part of this finance, the building owner, the lender and the City of Sydney enter into a contract known as an environmental upgrade agreement. Under this contract, the lender advances funds to the building owner to complete the upgrade works and the loan is repaid through our existing rates collection process, as an environmental upgrade charge.
Sustainable buildings deliver greater financial returns, have lower vacancy rates, and offer greater value than non-sustainable buildings.
Improving the efficiency and environmental performance of a commercial building through upgrades can make it more attractive to tenants.
Greener buildings have the added benefit of lowering utility bills and providing protection against rising energy prices in the future.
You can find out whether you’re eligible for building upgrade finance in our building upgrade finance policy.
Building upgrade finance is available for works that improve the environmental performance of an existing commercial property, including projects that:
Example projects include lighting upgrades, building management system improvements, renewable energy installations, and blackwater treatment systems.