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AMA House Goes Green for $25M | Australia News
Description
A historic Barton building just sold for $25.13 million — the second-largest commercial deal in the ACT this year. Once a modest 36-year-old office block named after the Australian Medical Association, it’s now a sustainability superstar after a $15.6M purchase in 2018 that transformed it from a 3-star NABERS rating to a stellar 5.5 stars — slashing energy use by half and emissions by 75%. Equipped with a 95kW solar system, the property’s eco-credentials made it irresistible to a Sydney-based syndicate, drawing fierce competition from national and local buyers during its five-week auction. This sale signals a major shift: sustainability isn’t just good for the planet — it’s now a key driver of commercial value and investor returns, especially in prime precincts like this one, following the record $86M AFP College sale earlier this year.
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