Central Park, Sydney

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Historic $26.5 million EUA

The City of Sydney, Eureka and Frasers Property signed an Environmental Upgrade Agreement (EUA) to install a highly-efficient, gas powered tri-generation plant that could reduce greenhouse gas emissions by 190,000 tonnes over the 25 year life of the plant.

The finance documents were signed by the landowner and Central Park’s joint venture developers, Frasers Property Australia and Sekisui House Australia. This project was financed through an EUA involving Eureka EUF, City of Sydney, ANZ and the CEFC.

 

“It’s good to see Frasers take advantage of the smart, cheap financing now available to pay for new technologies that can dramatically reduce carbon emissions” Lord Mayor Clover Moore