2020 PFI Awards – Sustainability And Innovation Winners

A smarter, greener luxury sector is here.

By Robb Report Staff 18/11/2020

A very real need to engage environmentally conscious practices is notably (rightly) ascendent across areas of property, finance, investment and luxury more broadly. Elsewhere, the ability to innovate and pen a unique future not only drives wider progression but also consumer engagement.

Here, the cutting-edge leaders and Top 5 winners of Robb Report’s inaugural Property, Finance and Investment Awards in the categories of sustainability and innovation.



SUSTAINABILITY

Australian Unity – Green Bond Fund

The Green Bond Fund from asset managers Australian Unity is something of a rarity in Australian finance and was the first managed fund on the Australian market dedicated almost exclusively to ‘green’ bonds.

The Green Bond Fund invests in green, sustainable and social bonds with a view to align with investments that will lower carbon emissions. While in its nascent stages, the fund is limited to wholesale investors or those with more than $2.5m in net assets, with a minimum buy-in of $100,000.

The fund offers institutional investors access to around 30 corporate and government bonds, the proceeds of which head towards projects aimed at further reducing carbon emissions.

Australianunity.com

Mirvac – ‘This Changes Everything’ Initiative

Australian property group Mirvac has launched ambitious plans to be zero waste by 2030.

The initiative sees Mirvac make steps towards a greener future by designing waste removal within the development process – focusing on environmentally harmful materials such as concrete, increasing the use of recycled materials – and utilising innovative construction practices that generate less waste and which both extend the life of materials and repurpose the materials in operation.

The group is serious enough to have set firm targets of procuring 25 per cent recycled content, halving development waste, zero waste to landfill, and pursuing a net gain in the natural habitat by 2030.

Sustainability.mirvac.com

Frasers Property – Burwood Brickworks

Late last year Burwood Brickworks, in Melbourne’s eastern suburbs, was unveiled as the world’s most sustainable commercial building, taking part in the Living Building Challenge which aims to achieve construction and operation of a building that nets a positive output on all metrics including energy, water and waste.

Frasers Property committed to building the world’s first completely sustainable retail centre after being approached by the Living Futures Institute Australia, however accreditation is not as simple as cutting a ribbon, with the building set to be accredited following 12 months of operation, with the 45 tenants also informing the completed puzzle and required to engage.

Frasersproperty.com

Aria Property Group  – Urban Forest

Causing a global stir this year, Aria Property Group’s plans to build a 30-storey tower adorned with 1003 trees at South Bank, Brisbane, brings new meaning to ‘green build’.

Designed by Koichi Takada Architects, the building is being marketed as the ‘greenest residential building in the world’. While the design and plantation are impressive, the benefits of planting a vertical garden gives ‘The Urban Forest’ a green plot ratio (the average land area of greenery on site) of 292 per cent of the site area – the equivalent of taking 150 cars off the road each year.

Works are to commence in 2021.

Ariaproperty.com.au

Tiffany & Co. – Diamond Traceability

In October, Tiffany & Co. took unprecedented steps in its diamond traceability by sharing the full craftsmanship journey of its individually registered diamonds (0.18 carats or larger). The initiative discloses the country where each stone is panned, prepared, cut, polished and set.

It follows from the group’s efforts in 2019, which provided the provenance of its diamonds. The information – available to the consumer – ensures the jeweller’s high standards of craftsmanship, safe and healthy working environments, community development and supply chain traceability.

The end result is responsible sourcing and better planning that ensures the supply of diamonds remains both ethical and sustainable.

Tiffany.com.au

 

INNOVATION

 

Valor ’K – Jet Ownership Services

Acting as the connecting agent between owners of a new jet and the logistics associated with obtaining and using private aviation, Valor ‘K’s fractional jet ownership is for a new generation of private jet owners – those more comfortable with a sharing economy.

The process of ownership and operation is simplified further by Valor ’K’s mobile app which promises a ‘turn key’ solution to flying. All is left for clients is to select the app and specify their requirements. Elsewhere, scheduling software collates the passenger’s preferences, allergies, preferred transfer arrangements and hotels on booking for a seamless experience.

Valork.com

Vonto App by X15 Ventures (for The Commonwealth Bank) 

Vonto delivers immediate insight to any business owner, penning an insightful analytical sketch of the business’ positioning by utilising data from various apps (centralised to this one platform) including Shopify, Google Analytics, Xero, Instagram, Facebook, Vend).

It’s also free and holds the backing of the Commonwealth Bank’s firm security protocols.

vonto.com/au

Archie Rose Distilling Co. – Hunter Valley Shiraz Spirit

Earlier in the year, global award-winning Archie Rose Distilling Co. launched an initiative designed to support eight small grape growers in the Hunter Valley of NSW and who lost large portions of crop due to smoke taint from thew 2019 bushfires.

Taking the sauvignon and shiraz grapes that could be salvaged from the affected vineyards, Archie Rose created an eau de vie (colourless brandy) which is the first in the world to use smoke affected grapes.  Named the Hunter Valley Shiraz Spirit, the 1000 bottles that were produced sold out in four days.

Archierose.com.au

Burberry – Real-World Social Media Store

Burberry this year opened a new store in Shenzhen, China, with a savvy focus on social media and its central importance to the future of luxury fashion.

Here, people can ‘like’, ‘share’, ‘scan’, ‘book’ and spend their way to shopping experiences via WeChat. Operating much like a loyalty card, the app is synced to the brick-and-mortar offering, giving in-store shop assistants instant access to a customer’s preferences, bookings and other data while keeping track spending and interaction.

The game-like app sees a client start as an egg avatar icon, evolving into different animals that grants greater privileges, such as different menus at the in-store café and unique products exclusively available to certain members.

Burberry.com

Moet Hennessy – Dom Perignon Proxima (iceless ‘bucket’)

A bottle of Dom is best consumed between 8-10 degrees. But you knew that. The issue is that an ice bucket – a necessity in this country and especially during summer champagne season – drives the temperature down, ruining the complexity of whats offered.

Proxima – designed specifically for Dom Perignon by Nakatomi – uses a chilled aluminium core and ‘temperature regulated laminar airflow technology’, to monitor a bottles’ optimal drinking temp. And we certainly raise a glass to this.

lvmh.com

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A New Chapter for Jaeger-LeCoultre’s ‘Reverso Stories’

A special Reverso exhibit arrives in Sydney this week.

By Josh Bozin 08/05/2024

Few watch enthusiasts would be unfamiliar with Jaeger-LeCoultre and its enduring Reverso collection. Since 1931, the Reverso has been celebrated as one of the great dress watches of the 20th century.

In recent years, the watch has gone from strength to strength—in 2023 alone, we received the new Reverso Tribute Chronograph, the impressive Duoface Tourbillon, and the slimmer Reverso Tribute Small Seconds—capturing the imagination of casual observers, collectors, and those looking to scale the horological ladder.

Jaeger-LeCoultre
Jaeger-LeCoultre

It is also part of the cultural conversation thanks to exceptional branding experiences, such as ‘Reverso Stories’, a travelling experiential trunk show. Jaeger-LeCoultre is again summoning its movable experience to Australia, this time in the heart of Sydney’s CBD. For a limited time, eager fans can glimpse the Reverso collection up close via a multi-sensory exhibition tracing the history of this remarkable timepiece.

Presented in four chapters ( Icon, Style and design, Innovation, and Craftsmanship), the Reverso story will be told through the lens of Jaeger-LeCoultre’s expert watchmakers, who combine nine decades of craftsmanship, inventiveness, and design into one interactive experience.

As a bonus, guests will be privy to a large-scale art installation by Korean artist Yiyun Kang—commissioned by the Maison under its ‘Made of Makers’ programme—and the launch of three exceptional new Reverso timepieces, yet to be revealed. These watches will showcase skills such as enamelling, gold-leaf paillonage, and gem-setting, mastered by the manufacturer’s in-house Métiers Rares (Rare Handcrafts) atelier.

Jaeger-LeCoultre
Jaeger-LeCoultre

Completing the immersion into the spirit of Art Deco, guests will be able to enjoy a complementary refreshment post-experience at the pop-up Jaeger-LeCoultre 1931 Café.

‘Reverso Stories’ will be held in Sydney’s Martin Place from 10–19 May 2024. It will be open daily from 9 a.m. to 7 p.m. (and 5 p.m. on Sundays) and free to the public. Visitors are welcome to book online here or register upon arrival.

For more information, visit Jaeger-LeCoultre.

 

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Watch of the Week: TAG Heuer Formula 1 | Kith

The legendary sports watch returns, but with an unexpected twist.

By Josh Bozin 02/05/2024

Over the last few years, watch pundits have predicted the return of the eccentric TAG Heuer Formula 1, in some shape or form. It was all but confirmed when TAG Heuer’s heritage director, Nicholas Biebuyck, teased a slew of vintage models on his Instagram account in the aftermath of last year’s Watches & Wonders 2023 in Geneva. And when speaking with Frédéric Arnault at last year’s trade fair, the former CEO asked me directly if the brand were to relaunch its legacy Formula 1 collection, loved by collectors globally, how should they go about it?

My answer to the baited entreaty definitely didn’t mention a collaboration with Ronnie Fieg of Kith, one of the world’s biggest streetwear fashion labels. Still, here we are: the TAG Heuer Formula 1 is officially back and as colourful as ever.

As the watch industry enters its hype era—in recent years, we’ve seen MoonSwatches, Scuba Fifty Fathoms, and John Mayer G-Shocks—the new Formula 1 x Kith collaboration might be the coolest yet. 

TAG Heuer
TAG Heuer

Here’s the lowdown: overnight, TAG Heuer, together with Kith, took to socials to unveil a special, limited-edition collection of Formula 1 timepieces, inspired by the original collection from the 1980s. There are 10 new watches, all limited, with some designed on a stainless steel bracelet and some on an upgraded rubber strap; both options nod to the originals.

Seven are exclusive to Kith and its global stores (New York, Los Angeles, Miami, Hawaii, Tokyo, Toronto, and Paris, to be specific), and are made in an abundance of colours. Two are exclusive to TAG Heuer; and one is “shared” between TAG Heuer and Kith—this is a highlight of the collection, in our opinion. A faithful play on the original composite quartz watch from 1986, this model, limited to just 1,350 pieces globally, features the classic black bezel with red accents, a stainless steel bracelet, and that creamy eggshell dial, in all of its vintage-inspired glory. There’s no doubt that this particular model will present as pure nostalgia for those old enough to remember when the original TAG Heuer Formula 1 made its debut. 

TAG Heuer
TAG Heuer

Of course, throughout the collection, Fieg’s design cues are punctuated: the “TAG” is replaced with “Kith,” forming a contentious new brand name for this specific release, as well as Kith’s slogan, “Just Us.”

Collectors and purists alike will appreciate the dedication to the original Formula 1 collection: features like the 35mm Arnite cases—sourced from the original 80s-era supplier—the form hour hand, a triangle with a dot inside at 12 o’clock, indices that alternate every quarter between shields and dots, and a contrasting minuterie, are all welcomed design specs that make this collaboration so great. 

Every TAG Heuer Formula 1 | Kith timepiece will be presented in an eye-catching box that complements the fun and colour theme of Formula 1 but drives home the premium status of this collaboration. On that note, at $2,200 a piece, this isn’t exactly an approachable quartz watch but reflects the exclusive nature of Fieg’s Kith brand and the pieces he designs (largely limited-edition). 

TAG Heuer
TAG Heuer

So, what do we think? It’s important not to understate the significance of the arrival of the TAG Heuer Formula 1 in 1986, in what would prove integral in setting up the brand for success throughout the 90’s—it was the very first watch collection to have “TAG Heuer” branding, after all—but also in helping to establish a new generation of watch consumer. Like Fieg, many millennial enthusiasts will recall their sentimental ties with the Formula 1, often their first timepiece in their horological journey.  

This is as faithful of a reissue as we’ll get from TAG Heuer right now, and budding watch fans should be pleased with the result. To TAG Heuer’s credit, a great deal of research has gone into perfecting and replicating this iconic collection’s proportions, materials, and aesthetic for the modern-day consumer. Sure, it would have been nice to see a full lume dial, a distinguishing feature on some of the original pieces—why this wasn’t done is lost on me—and perhaps a more approachable price point, but there’s no doubt these will become an instant hit in the days to come. 

The TAG Heuer Formula 1 | Kith collection will be available on Friday, May 3rd, exclusively in-store at select TAG Heuer and Kith locations in Miami, and available starting Monday, May 6th, at select TAG Heuer boutiques, all Kith shops, and online at Kith.com. To see the full collection, visit tagheuer.com

 

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8 Fascinating Facts You Didn’t Know About Aston Martin

The British sports car company is most famous as the vehicle of choice for James Bond, but Aston Martin has an interesting history beyond 007.

By Bob Sorokanich 01/05/2024

Aston Martin will forever be associated with James Bond, ever since everyone’s favourite spy took delivery of his signature silver DB5 in the 1964 film Goldfinger. But there’s a lot more to the history of this famed British sports car brand beyond its association with the fictional British Secret Service agent.

Let’s dive into the long and colourful history of Aston Martin.

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What Venice’s New Tourist Tax Means for Your Next Trip

The Italian city will now charge visitors an entry fee during peak season. 

By Abby Montanez 01/05/2024

Visiting the Floating City just got a bit more expensive.

Venice is officially the first metropolis in the world to start implementing a day-trip fee in an effort to help the Italian hot spot combat overtourism during peak season, The Associated Press reported. The new program, which went into effect, requires travellers to cough up roughly €5 (about $AUD8.50) per person before they can explore the city’s canals and historic sites. Back in January, Venice also announced that starting in June, it would cap the size of tourist groups to 25 people and prohibit loudspeakers in the city centre and the islands of Murano, Burano, and Torcello.

“We need to find a new balance between the tourists and residents,’ Simone Venturini, the city’s top tourism official, told AP News. “We need to safeguard the spaces of the residents, of course, and we need to discourage the arrival of day-trippers on some particular days.”

During this trial phase, the fee only applies to the 29 days deemed the busiest—between April 25 and July 14—and tickets will remain valid from 8:30 am to 4 pm. Visitors under 14 years of age will be allowed in free of charge in addition to guests with hotel reservations. However, the latter must apply online beforehand to request an exemption. Day-trippers can also pre-pay for tickets online via the city’s official tourism site or snap them up in person at the Santa Lucia train station.

“With courage and great humility, we are introducing this system because we want to give a future to Venice and leave this heritage of humanity to future generations,” Venice Mayor Luigi Brugnaro said in a statement on X (formerly known as Twitter) regarding the city’s much-talked-about entry fee.

Despite the mayor’s backing, it’s apparent that residents weren’t totally pleased with the program. The regulation led to protests and riots outside of the train station, The Independent reported. “We are against this measure because it will do nothing to stop overtourism,” resident Cristina Romieri told the outlet. “Moreover, it is such a complex regulation with so many exceptions that it will also be difficult to enforce it.”

While Venice is the first city to carry out the new day-tripper fee, several other European locales have introduced or raised tourist taxes to fend off large crowds and boost the local economy. Most recently, Barcelona increased its city-wide tourist tax. Similarly, you’ll have to pay an extra “climate crisis resilience” tax if you plan on visiting Greece that will fund the country’s disaster recovery projects.

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Omega Reveals a New Speedmaster Ahead of the Paris 2024 Olympics

Your first look at the new Speedmaster Chronoscope, designed in the colour theme of the Paris Olympics.

By Josh Bozin 26/04/2024

The starters are on the blocks, and with less than 100 days to go until the Paris 2024 Olympics, luxury Swiss watchmaker Omega was bound to release something spectacular to mark its bragging rights as the official timekeeper for the Summer Games. Enter the new 43mm Speedmaster Chronoscope, available in new colourways—gold, black, and white—in line with the colour theme of the Olympic Games in Paris this July.

So, what do we get in this nicely-wrapped, Olympics-inspired package? Technically, there are four new podium-worthy iterations of the iconic Speedmaster.

Omega

The new versions present handsomely in stainless steel or 18K Moonshine Gold—the brand’s proprietary yellow gold known for its enduring shine. The steel version has an anodised aluminium bezel and a stainless steel bracelet or vintage-inspired perforated leather strap. The Moonshine Gold iteration boasts a ceramic bezel; it will most likely appease Speedy collectors, particularly those with an affinity for Omega’s long-standing role as stewards of the Olympic Games.

Notably, each watch bears an attractive white opaline dial; the background to three dark grey timing scales in a 1940s “snail” design. Of course, this Speedmaster Chronoscope is special in its own right. For the most part, the overall look of the Speedmaster has remained true to its 1957 origins. This Speedmaster, however, adopts Omega’s Chronoscope design from 2021, including the storied tachymeter scale, along with a telemeter, and pulsometer scale—essentially, three different measurements on the wrist.

While the technical nature of this timepiece won’t interest some, others will revel in its theatrics. Turn over each timepiece, and instead of a transparent crystal caseback, there is a stamped medallion featuring a mirror-polished Paris 2024 logo, along with “Paris 2024” and the Olympic Rings—a subtle nod to this year’s games.

Powering this Olympiad offering—and ensuring the greatest level of accuracy—is the Co-Axial Master Chronometer Calibre 9908 and 9909, certified by METAS.

Omega

A Speedmaster to commemorate the Olympic Games was as sure a bet as Mondo Deplantis winning gold in the men’s pole vault—especially after Omega revealed its Olympic-edition Seamaster Diver 300m “Paris 2024” last year—but they delivered a great addition to the legacy collection, without gimmickry.

However, the all-gold Speedmaster is 85K at the top end of the scale, which is a lot of money for a watch of this stature. By comparison, the immaculate Speedmaster Moonshine gold with a sun-brushed green PVD “step” dial is 15K cheaper, albeit without the Chronoscope complications.

The Omega Speedmaster Chronoscope in stainless steel with a leather strap is priced at $15,725; stainless steel with steel bracelet at $16,275; 18k Moonshine Gold on leather strap $54,325; and 18k Moonshine Gold with matching gold bracelet $85,350, available at Omega boutiques now.

Discover the collection here

 

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