Is your building 1000m2 or more?
The Commercial Building Disclosure Programme (CBD) threshold is set to expand on 1 July, 2017
If you own a commercial office building of 1000m2 or more from July 1, 2017 you are now required to produce a Building Energy Efficiency Certificate (BEEC). This certificate will provide you with a NABERS rating which is required if you intend to sell, lease or sublease your property. Previously the threshold was set at 2000m2.
The National Australian Built Environment Rating System (NABERS) measures the impact a property has on the environment, specifically its energy efficiency, water usage, water management and indoor environment quality. The system is managed nationally by the NSW Office of Environment and Heritage, on behalf of Commonwealth, state and territory governments
By analyzing verified information including utility bills for the premises, buildings are given a star rating. A 6 star building is the highest most energy efficient property. Those with a 1 star have a significant environmental impact and are in need of improvement.
Who needs a BEEC?
- Most building owners who are selling or leasing office space with a net lettable area of 2,000 square metres (1000 square metres from 1 July 2017) or more.
- Most tenants who are subleasing part of their tenancy with a net lettable area of 2,000 square metres (1000 square metres from 1 July 2017) or more.
There are exemptions which include;
1 New buildings or those that have undergone a major refurbishment where a certificate of occupancy or equivalent was issued in the past 2 years.
2 Strata title buildings
3 Mixed use buildings where the office space comprises of less than 75% of the nett lettable area.
The process of obtaining a certificate can take a considerable time and you are unable to advertise the premises without the NABERS rating. For more information in relation to the scheme please visit the Commercial Building Disclosure Programme or the National Australian Built Environment Rating System