"Magnetite's retrofit system is designed to improve the glazing's energy performance which in turn improves the NABERS rating. This will make glazing performance an essential element to consider when assessing the value of Melbourne's existing commercial building stock" said Robert Campbell of Magnetite Melbourne.
The Citiclub upgrade is estimated to improve the energy saving of the building by 27 precent, increasing the NABERS rating from 2 ½ stars to 4 - 4 ½ stars. The financial savings is estimated to be $180,000 per annum giving a return of 17% a year.
Retrofitting Magnetite offers an excellent solution towards a low carbon future. With affordable pricing, this is a perfect fit to the new scheme by the federal government to provide cheaper loans to fund the environmental upgrade of commercial buildings. Dr Chua, the owner of Citiclub, is confident about the payback of his green retrofit.
This green retrofit of the Citiclub is just one of the growing numbers of commercial building green projects that Magnetite is taking part in. Magnetite proudly supports a low carbon Australia
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Magnetite Australia is specialises in providing acoustic and thermal insulation for existing windows and doors. Our double glazing systems have been independently tested by the National Acoustic Laboratories and the Window Energy Rating Scheme (WERS) in line with National Fenestration Rating Council (NFRC) regulations.