As office vacancy rates hit their highest level in decades, a leader in the Western Australian property sector has called upon whomever wins government in the upcoming election in that state to embrace a form of finance which provides for a less expensive way to upgrade older buildings in ways which improve sustainability and energy efficiency.

In a recent statement, Property Council WA Executive Director Lino Iacomella has called for whoever wins power to pursue amendments to the Local Government Act to allow for councils to enter building upgrade agreements – a type of finance mechanism which enables commercial property owners to access loans to finance…