Sydney Office Update January Leasing Magazine | Page 7

SYDNEY OFFICE UPDATE | 4 “A lot of it is about understanding how the businesses in our buildings are supporting the health of their people, so that in addition to operating our buildings efficiently and sustainably, we can contribute to better workplace health across all of our buildings, potentially having a much larger, long term impact.” He said many parts of the system align with Green Star, an overlap recognized by GBCA and IWBI’s crosswalk, that aligns the certification process for building projects and fit outs, pursuing both Green Star and WELL Certification. Other areas of focus at 151 Clarence Street are air quality, water quality and mental health. Hugh Irving, Development Manager of Investa Office Fund’s, Barrack Place at 151 Clarence Street Sydney, was selected as a representative for existing office buildings at the International WELL Building Institute’s (IWBI) Global Advisory Roundtable in New York, in June this year. To manage microbes and mould risks in HVAC, for example, the development will be installing a UV-light germicidal irradiation device in mechanical plant, a technology that can also be retrofitted to existing plant and buildings. Investa has been working alongside the IWBI since it launched its current WELL tool in Australia, to refine the tool for application to a portfolio of existing assets. The aim of the Roundtable was to progress discussion on a new certification pathway within the WELL Building Standard, that takes advantage of the unique efficiencies available in a portfolio of existing buildings. Properties will be rewarded for applying enhanced operational and maintenance strategies, as well as wellness policies and programs Mr Irving said the challenge for IWBI and its working group is to develop a tool that has integrity, but is also achievable. It can’t be too easy, nor too challenging. He said the company’s interest in WELL arose 18 months ago as it recognised it had addressed the bigger problems around building sustainability in design and construction, and it wa s now time to think about the people in the buildings. The company now seeks to incorporate the principles of wellness into all new developments in order to facilitate base building and tenant certifications in the future. A N I M P O R TA N T D R I V E R FOR DELIVERING WELLNESS I S T H E H U G E W AV E O F MILLENNIALS COMING INTO THE WORKFORCE. Mr Cook said that some of the things that have been learned from pursuing WELL Certification have also changed the way things are done from a management perspective. CHANGING THE BUILDING FROM A “SPACE” TO A COMMUNITY Mr Cook said the program has emotional and social benefits. Programs such as meditation classes, healthy cooking displays and events build camaraderie in a building, Mr Cook said. “It helps tenants get to know each other and helps transform the environment from an office building to an activated community. This demographic is more “demanding” in terms of what it expects from workplaces. Sally Franklin, Group Executive, Real Estate Services & Business Operations, said the new program gives Investa the potential to help “thousands of people be at their best inside and outside of work. According to Michael Cook, one of the key aspects of working to improve tenant wellness is about adding value to the tenant experience. “If this also contributes to boosting the performance of our tenant’s businesses, then this is a great outcome,” Ms Franklin said. “Rent is a material cost for any business, so we have to be able to explain why the building makes sense for more than just commercial reasons,” he said. The company is also continuing to learn more about the relationship between indoor environment quality and wellbeing through its ongoing partnership with University of Sydney’s IEQ lab. It has placed SAMBA units (Sentient Ambient Monitoring of Buildings in Australia) in many of its buildings, including its own offices, to measure and provide instant data on features of a workspace such as light, air, sound and temperature, which all impact indoor environment quality which can influence health, wellness and productivity.