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PROPERTY FUNDS WORLD Special Report Nov 2016 www.propertyfundsworld.com | 12
SIEMENS MARKET INSIGHT
important for our portfolio managers, not only
to talk about net rents or net yields in the
portfolio, but to make more transparent what
improvements are being made in terms of
the decarbonisation footprint of the portfolio,”
comments Baumann.
He believes that the more information
available on real estate assets, the better
able investment managers such as Credit
Suisse Real Estate Investment Management
can improve the quality of their portfolios.
This in turn helps improve transparency,
whereby energy efficiency measures being
taken in the portfolio can be communicated
to investors.
“The more knowledge you have on real
estate energy efficiency, the more those
assets will become valuable and sought
after. Also, armed with such knowledge,
we will be better placed to react to market
regulation in the future,” says Baumann,
adding in conclusion:
“We have already talked to Siemens to
extend the partnership beyond 2017 as
we realise that optimising and monitoring
buildings should be an ongoing process. We
will probably end up with an arrangement,
beyond 2017, where we set up a programme
to optimise buildings in five-year cycles.” n
Sources:
1. http://carbonwarroom.com/sites/default/files/reports/
Green_REITs_FINAL.pdf.
2. www.economist.com/news/finance-and-
economics/21706517-getting-more-sophisticated-about-
green-investing-acclimatising.
3. Innovate UK, “Building performance Evaluation
programme from non-domestic projects”,
(January 2016).
4. Robert G. Eccles, Ioannis Ioannou and George
Serafeim, 2011: “The impact of Corporate Sustainability
on Organizational Processes and Performance”.
5. World Green Building Council – The Business Case for
Green Building (April 2013).
** Latest data point: September 30, 2016; includes assets
under management in direct and indirect investment
vehicles.
provided in April this year, “we are well on
track with the decarbonisation programme”.
“I’m confident we will reach our 10%
CO
2 reduction target. We have seen huge
potential in some of our older larger
buildings where we’ve already achieved a 15
to 20% reduction in CO
2.”
Thanks to the access to the Navigator
platform that comes with Siemens’ services,
Credit Suisse Real Estate Investment
Management’s portfolio managers are
achieving a far greater level of transparency
into the portfolio. The more data that
Siemens collects, the more opportunities it
will give Credit Suisse Real Estate Investment
Management to leverage Big Data
capabilities and begin to understand what
further improvements can be made.
“Navigator is a great tool. Each year, we
extract data from the platform and implement
it into our portfolio management systems
here in Zurich, as well as in Frankfurt,” says
Baumann, who also sees the digitalisation of
real estate as an important trend.
“The more data we have the easier it
becomes to get into areas such as predictive
optimisation and maintenance. The Siemens
platform lays the ground to better improve
the way we manage and optimise our real
estate assets. It’s becoming increasingly
“I’m confident we will reach
our 10% CO
2 reduction
target. We have seen huge
potential in some of our
older larger buildings where
we’ve already achieved a 15
to 20% reduction in CO
2.”
Roger Baumann, Credit Suisse Real
Estate Investment Management