MarbleBlue announces $5 million in strata funding through collaboration with Lannock Strata Finance, the leading lender to Australian strata corporations.
The deal enables MarbleBlue to fund further energy and water efficiency projects in strata communities and continue to grow reference sites for its building cost–benefit predictive model. Simultaneously the deal extends Lannock’s investments in environmental, social, and corporate governance (ESG) initiatives.
MarbleBlue develops turnkey technology solutions for strata communities that create data-based insights to improve energy efficiency and reduce water consumption. The solutions remotely monitor primary energy and water use in buildings across air conditioning systems, car park exhausts, air handling units, lighting, and, when possible, solar. Based on usage data, the solution creates optimisation recommendations.
Outcomes for strata communities include reduced costs, renewable energy sources, improved property value, and optimised energy and water consumption. The MarbleBlue service is fast, reliable, and available nationwide through a monthly subscription model.
MarbleBlue engaged Saltire Capital Partners as the advisory firm to optimise its capital structure, create long-term customer value, and support shareholders to close the Lannock agreement. Saltire Capital Partners is a trusted mid-market advisory firm bringing unparalleled expertise and networks to help clients achieve outstanding commercial success.
Mark Robberds Chief Executive Officer of MarbleBlue, says, “We partnered with Saltire Capital Partners because of their expertise and unique approach to solving funding challenges. The Saltire team was invaluable in helping us structure our business to get the growth capital we need for the next 2-5 years. We had already engaged with Lannock and Saltire Capital Parters helped us unlock the full growth potential of that relationship.”
The Lannock agreement enables MarbleBlue’s strata building customers to benefit from improved energy and water use efficiencies as they pay down their assets, removing the need for increases in strata levies. MarbleBlue solutions are compelling in strata schemes registered before 2000. 54 percent of strata schemes in Australia were registered before 2000. The average savings on water and energy costs for these schemes exceeds 30 percent. These savings equate to reducing carbon emissions by hundreds of tonnes and improving water efficiencies measured in Olympic swimming pools annually.
Robberds says,“We know Australians are keen to adopt technology that offers efficiencies and is good for the environment. This fact is supported by 2021 emerging as the fourth straight record-breaking year in solar installations, with over 2.7 million residential installations in Australia. The collaboration announced today between MarbleBlue and Lannock lets strata communities invest in their buildings to save money and help the environment”.
Click here to read the article in the Australian Financial Review.
MarbleBlue develops turnkey solutions for strata communities, delivering significant cost reductions and measurable environmental benefits through energy efficiency and reduced water consumption. We analyse strata consumption patterns and create cost-benefit predictive modelling for a customised solution based on actual data in comparable buildings using MarbleBlue recommendations. Our turnkey service includes implementation project management, sourcing quotes from trusted suppliers, funding, and monitoring results. Visit our website for more information.
Lannock Strata Finance is a specialist strata financing company, established in 2004 by Paul Morton, CEO. When you finance your strata project with Lannock, you are dealing with the industry experts. We finance capital works for owner corporations and bodies corporate around Australia, including repairs, renovations, cladding rectification, defect rectification, strata asset renewal, professional services, litigation, and re-development.Visit the Lannock website for more information.
About Saltire Capital Partners
Saltire Capital Partners helps fast growth, entrepreneurial, mid-market businesses in Australia and New Zealand access smart capital solutions in an increasingly complex domestic capital market. We advise on mergers, capital structuring, acquisitions, divestments, corporate finance, and investor relations. Our proven industry expertise and unparalleled networks help mid-market businesses unlock strategic commercial growth.