Frasers Property’s vision for 6 green star urban quarter on Broadway

About Frasers Property Australia

Frasers Broadway Fact Sheet

Tri-generation- How does it work?

Frasers Property’s
vision for 6 green star urban quarter on Broadway

World-class architecture, innovative sustainability
initiatives and a new inner-city square for Sydney

8
April 2008 – Today Frasers Property briefed the Minister for
Planning, Frank Sartor, on their
plans for the $2 billion redevelopment of the ‘old Kent Brewery’ site on
Broadway.

Frasers
Property acquired the site in June 2007, four months after Mr Sartor approved a
concept plan for the 5.8 hectare precinct. Today Frasers foreshadowed their
proposal to amend the concept plan, integrating innovative sustainability
initiatives and achieving a dramatic increase in publicly accessible open space
on the site.

Under
the proposed amendment to the concept plan, the new precinct would be powered
by its own gas-powered, low carbon usage tri-generation facility.

Tri-generation,
together with other sustainability initiatives (including design efficiency,
green rooftops, smart metering and solar powered public spaces), will achieve
substantial reductions in greenhouse gas
emissions, and Frasers is pro-actively investigating all available
technologies and techniques to target 100% carbon neutrality.

In
addition, a comprehensive water recycling scheme is planned. 100% of
non-potable water will be supplied through on-site rainwater capture and waste
water recycling. Mains water will only be supplied for potable uses.

Following
extensive consultation with the local community and leading sustainability
consultants, Frasers appointed an international design team to reconsider the
concept plan. Foster + Partners (United Kingdom),
2008 Pritzker Prize winner Ateliers Jean Nouvel (France) and Richard Johnson
of Johnson Pilton Walker (Australia) have
been appointed as Master Architects to the precinct. They are working with
public domain designer Jeppe Aagaard Andersen (Denmark) and Turf Design, and
Australian firms PTW, Tzannes Associates and Tonkin Zulaikha Greer on specific
components of the site.

“The
extraordinary expertise of this global design team is exactly what this
exceptional location demands,” announced Dr Stanley Quek, Chief Executive
Officer of Frasers Property.

“This
site will have a revolutionary effect on Sydney’s
southern gateway. We are working to create a people-centred urban quarter which
marries world-class architecture with the latest sustainability
technologies,” added Dr Quek.

In
an Australian first, Frasers is aiming to achieve 6 green star rating for the
precinct, as a pilot project for the new precinct rating scheme under
consideration by the Green Building Council.

The University of Technology’s
Institute for Sustainable Futures (ISF) is Frasers’ sustainability
partner, setting a demanding agenda for world-class clean, green urban design
for the site.

“On
a project of this magnitude, Erasers have the opportunity and the will to take
a world-leading position on sustainable initiatives. Frasers have set a high
benchmark for the precinct, and are pursuing these innovative solutions with
remarkable initiative,” said ISF’s Professor Stuart White.

The
amended concept plan will deliver 33% more publicly accessible open space,
expanding the current 5400sqm park into an
extensive inner-city square with a wide green corridor linking
Chippendale to Broadway. The old Brewery Yard, one of 33 heritage items, will
be comprehensively restored and opened up to the new inner-city square,
creating the heart of this animated and accessible new urban quarter.

“We
have listened carefully to the local community and other stakeholders and we
recognise our responsibility for setting new
standards for social, cultural and environmental sustainability across
this precinct,” said Dr Quek.

“This
is a rare opportunity to design from the ground up, on a grand scale, with the
future of Sydney
in mind,” said Dr Quek.

“Erasers
Property welcomes the NSW Government driving the sustainability agenda and we
are looking forward to working with the government, the City and the community
on this exciting project,” added Dr Quek.

Frasers
Property will submit its amended concept plan to the NSW Department of Planning
within a fortnight. Demolition of non-heritage structures commenced in April
and continues until late 2008. Development of the new precinct will occur in stages
for up to 8 years.

About Frasers
Property Australia

Frasers
Property Australia
is the Australasian division of Frasers Property, the international property
arm of Erasers Centrepoint Limited. Frasers Property Australia
is currently planning or developing AUD$4.5 billion in residential property,
including the old Kent Brewery site on Broadway, Lumiere, Lorne Killara, Trio
in Sydney and residential subdivisions in Western Australia and New Zealand.

Erasers Centrepoint Limited, a leading property
company based in Singapore,
was established in 1988 and now comprises a number of divisions
including Frasers Centrepoint Homes, Frasers Centrepoint Malls, commercial
properties, Frasers Hospitality and is represented overseas in China, Thailand,
UK, Australia and New Zealand under the umbrella
brand of ‘Erasers Property’.

Erasers
Centrepoint Limited forms the property division of Fraser and Neave Limited
(F&N), one of Singapore’s
largest listed corporations, whose core operations comprise property, food,
beverages, publishing and printing.

Founded in 1883, Fraser and Neave Limited has
shareholders’ funds in excess of S$5billion, total net assets employed of over
S$11 billion, and operations in more than 20 countries spanning Asia Pacific,
Europe and the USA.

Frasers Broadway
Fact Sheet

April
2008 – On the site of the old Kent Brewery, on Broadway,
Frasers Property is working with an international design team to create a
people-centred urban quarter which marries world-class
architecture with the latest sustainability technologies. A project of this magnitude,
which will take up to eight years to deliver, is both an opportunity and a
responsibility for Frasers Property to contribute to the shaping of Sydney’s future.

Location

Frasers
Broadway is a 5.8 hectare site in the suburb of Chippendale, bounded by
Broadway, Abercrombie Street,
O’Connor Street,
Balfour Road
and Kensington Street.

The
site is 1.5 kilometres from Sydney
Town Hall, five minutes’
walk from Central Railway Station, light rail and Central bus interchange. It
is also situated within Sydney’s education
precinct, adjoining University of Notre Dame, the University
of Technology, Sydney,
and a short walk from the University
of Sydney.

Background

The
NSW Minister for Planning, Mr Frank Sartor,
approved the concept plan for the old Kent Brewery precinct in February 2007.
In June 2007, Frasers Property purchased the precinct.

The
original concept plan included building envelopes for:

• A number of architecturally
  designed buildings, creating a mixed use development of apartments,
  offices, shops, restaurants and community services.
• The protection of 32 heritage items,
  including the old brewery chimney.
• The creation of open space for both
  the new and existing communities.
• A new street network to minimise
  traffic on local streets.

Frasers
has assembled an international architectural team of Foster + Partners,
Ateliers Jean Nouvel and Jeppe Aagaard Andersen. An equally strong Australian
team includes Johnson Pilton Walker,
Tzannes Associates, Tonkin Zulaikha Greer and Turf Design.

This
group has been working collaboratively since November 2007 to exhaustively test
the approved concept plan and to resolve issues raised by the community and
other stakeholders.

Working
with the Community

After
purchasing the site, Frasers Property began a voluntary and extensive
consultation program, which included:

• A community information session and
  site tour, followed by a two-day stakeholder and community workshop.
• A website and community newsletters.
• Ongoing dialogue with community
  leaders.
• A community relations officer to
  work directly with local residents.

Frasers is pro-actively and voluntarily continuing
this community consultation programme.

What
is Frasers proposing?

Frasers
Property is proposing changes to the approved concept plan for the old Kent
Brewery site in response to issues raised by the local community and
recommendations for change from the international architectural team.

An
amended concept plan would allow Frasers and its sustainability partner, the Institute of Sustainable Futures, to ensure the
project reflects the latest thinking and most up-to-date technology in the
fast-moving sustainability industry.

In
summary

	Approved concept plan	Amended concept plan
Sustainability	4.5 green stars target	6 green stars target
Product mix	60% residential 40% commercial/retail	50% residential 50% commercial/retail
New buildings	11	10
Protected heritage items	32	33
Total floor space	235,000 approx	250,000 approx
Parking spaces	2300	2000
Publicly accessible open space	27,000sqm	36,000sqm (+33%)

What
the changes deliver for Sydney

• A 33% increase in publicly
  accessible open space with a new inner-city square,
  creating a new destination for Sydney
  and markedly increasing the open space in a suburb that currently has only two
  small pocket parks.
• One major
  building has been removed to create the
  increased publicly accessible open space.
• Jean Nouvel and
  Foster + Partners will create two iconic buildings along Broadway.
  This is an unparalleled investment and vote of
  confidence in the southern CBD.
• Kensington
  Street will be
  transformed into a people-centred laneway, drawing on the
  best of Newtown
  and Darlinghurst, providing a vibrant space for shops, galleries, restaurants,
  cafes and bars. This project will commence immediately with the establishment
  of artists’ studios on Kensington
  Street, during the construction period.
• Surface
  traffic will be markedly reduced by
  directing cars quickly into an integrated basement and
  underground road system. Sixty percent of vehicles will enter underground
  basements within 10 metres of the site’s perimeter.
• Transport initiatives include
  reduction in parking provision within the precinct, future-proofed car park
  provision, car share schemes and integration into the inner city bicycle
  network.
• The
  amended concept plan will deliver much needed office space by increasing the
  commercial area relative to residential, from 40:60 (residential) to 50:50.
• Heritage buildings are
  retained and restored, with views to
  the Brewery Yard greatly improved by the deletion of one major
  new building.
• Retail space is consolidated in
  the North Eastern corner of the site, creating a community-scale retail
  amenity.

The
largest Sustainability Project in Australia

ENERGY

• Frasers
  Broadway is striving to be the first urban development to achieve a 6 green star
  rating for the entire precinct, under a pilot programme under consideration by
  the Green Building Council of Australia. This would be an Australian first.
• Frasers Broadway will be the largest
  urban development in Australia
  to introduce on‑
  site tri-generation (known as ‘green transformers’) for power, heating
  and cooling.
• Tri-generation is natural
  gas-powered, a clean fuel alternative to coal power.
• Together with other sustainability
  initiatives (including design efficiency, green rooftops, smart metering and solar powered lighting in public spaces),
  this will achieve substantial reductions in greenhouse gas emissions,
  and Frasers is pro­actively investigating all available technologies and
  techniques to target 100% carbon neutrality.

WATER

• 100% of
  non-potable water will be supplied through on-site rainwater capture and waste
  water recycling.
• Mains water will only be supplied
  for potable uses.

CONSTRUCTION

• An innovative recycling programme is
  already in place for the reduction, re-use and recycling of waste from initial
  demolition throughout construction of the precinct. 90% of all demolition
  waste will be recycled, including 100% recycling of timber and metal.
  Frasers believes this will be one of the largest recycling projects in Australia.
• Innovative
  building materials, finishes and design will all contribute to the highest level
  of environmental performance and amenity.

SUSTAINABILITY
COSTS and BENEFITS

• Through these
  initiatives, Frasers Broadway may have the additional capacity to export
  treated water to its neighbours, and to supply surplus energy back to the power
  grid, reducing Sydney-wide demand on infrastructure.
• The total investment in
  sustainability initiatives is estimated at $100 million – which will produce a
  major dividend for the community.

SOCIAL
and CULTURAL

• Frasers
  Property is committed to creating a place for people with a distinctive personality,
  an animated and creative community of residents, workers and visitors.
• Frasers’ social sustainability
  strategy will include the following initiatives:

o       
Recruitment of local community and
institutional partners, such as UTS.
o       
An arts and cultural strategy that
begins now – through providing artists’ studio space during the construction
period.
o       
Using the existing grain of the site
to create small urban laneways and engaging human-scale spaces that complement
the larger city-scaled components of the precinct
o       
A local economic development
strategy.

Current
status of the project

• Various
  consultants — including heritage, remediation, engineering and recycling
  experts — have been underway since Frasers acquired the site in June 2007.
  Consent to commence major demolition was received in March
  2007, with hard demolition commencing on site in April, and scheduled to
  continue until late 2008.
• Architectural and sustainability
  consultants will continuing refining plans for infrastructure and individual
  buildings throughout 2008, with the construction of the first individual
  building expected to commence in 2009.
• Development will occur in stages for
  up to 8 years.

Tri-generation- How does
it work?

Prepared by the Institute for Sustainable Futures, University of Technology,
Sydney, April
2008

Tri-generation
is the simultaneous production of three forms of
energy: electricity, heating and cooling. A trigeneration system can provide
power, hot water, space heating and air conditioning from a single system.

Generators
lose heat as they create electricity. A tri-generation facility captures this
heat that would otherwise be lost and uses it to generate both hot and cold
water.

The
chilled water is created by an absorption chiller, which is generated by the
excess heat and which operates like a refrigerator. It creates water at
sufficiently low temperatures to be used for air conditioning.

Efficiency

Tri-generation
facilities are efficient for two reasons:

• First, they avoid the losses
  associated with the transport of electricity.
• Second, they
  capture waste heat which is normally lost. Tri-generation facilities, like the one
  proposed at Frasers Broadway, can achieve overall energy efficiencies of
  80-90%, compared to only 35% on average for conventional supply of electricity
  from the grid.

Technology

• The Frasers Broadway tri-generation
  facility would use gas engines. These are a cost-effective and mature
  technology. The co-generation demonstration projects, developed by the NSW
  Department of Planning for residential communities in Rouse Hill and Chatswood,
  use gas engines.

Fuel

• The Frasers
  Broadway tri-generation facility would use natural gas which is the most commonly
  used fuel for tri-generation due to its relatively low cost, ease of transport
  (via pipeline), wide availability and low greenhouse intensity.

Emissions

• Together with other sustainability
  initiatives (including design efficiency, smart metering and solar powered
  public spaces), tri-generation will result in a significant reduction in
  greenhouse gas emissions, and Frasers Property is pro-actively investigating
  all available technologies and techniques to target 100% carbon neutrality.

Reliability

• Tri-generation equipment has high
  reliability. Shutdowns for planned maintenance are required at regular
  intervals and unplanned shutdowns can also occur from time to time.
• The Frasers back-up system will
  involve a combination of options, including emergency load shedding (using
  smart metering, direct load control and appropriate tariffs), grid backup,
  dual-fuel generators (which can run on stored diesel if gas is interrupted),
  gas storage, backup diesel generators, batteries and hot and chilled water
  storage.

Demand

• Frasers
  Broadway may have the additional capacity to export surplus energy back to the power
  grid, reducing Sydney-wide demand on infrastructure.

Noise

• The Frasers facility will be well
  soundproofed. As a result, noise and vibration are not issues for well-designed
  tri-generation facilities.

Also see: Minister Reviews Revised CUB Proposal

CCCG Response: “Green and Mega Big” – Former
CUB site – Amended Plans