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Building Upgrade Tool City of Melbourne Ed Brown June 2013
Tenant 1 Tenant 2 Tenant 3 Tenant 4 Landlord Building Upgrade Tool Models the financial relationship between landlord and tenant
3 key stages Create project & upload information Review project from landlord perspective (sensitivity analysis) Review project from tenant perspective (sensitivity analysis)
Information requirements 1 Baseline consumption Electricity $ Gas $ Water $ 2 Upgrade Initiatives Capital cost Utility savings $ Operational savings $ 3 Loan details Loan amount Loan period Repayment period Interest rate
Building Owner Report
Building Owner Report – Tenant Summary
Tenant perspective Tenants : are invited by the landlord (via email) see financial position from their perspective can adjust the same variables as the landlord
Remember… The true benefit is more than just the ‘avoided costs’ The benefit is an upgraded asset which: - is more attractive to tenants (short voids, improved rentals) - has an improved NABERS rating - is hedged against future energy price rises
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