PATRIZIA implements ‘smart meter’ energy measuring systems
Changeover to digital energy management system.
- To be installed at more than 1,000 properties across Germany
- Significant energy savings possible
Augsburg, 6 February 2019. PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, announces it is to convert more than 1,000 of the assets it manages across to Germany from general electricity meters to the operation of new, digital energy measuring systems. This uniform approach to energy management will ensure a continuous, standardised flow of energy consumption data across all PATRIZIA’s German real estate assets.
Jörg Müller, Head of Asset Management ESG at PATRIZIA, commented: “Switching to new, digital systems will enable us to connect and balance energy consumption across the entire portfolio. We will achieve significant energy savings across more than 1,000 properties with this approach.”
In 2018, PATRIZIA announced that its entire real estate portfolio in Germany had been successfully converted to run off renewable energy sources. This conversion will result in a reduction in CO2 emissions of almost 50,000 tonnes each year.
PATRIZIA Immobilien AG:
PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across Europe for more than 35 years. PATRIZIA’s activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global partner for pan-European real estate investment, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. PATRIZIA manages around EUR 40 billion of real estate assets, primarily as an investment manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit: www.patrizia.ag.
Head of Corporate Communications
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