User Manual

PROPERTY FUNDS WORLD Special Report Nov 2016 www.propertyfundsworld.com | 8
SIEMENS MARKET INSIGHT
One of the benefits of BPS, when applied
specifically to institutional real estate, is to
increase asset value. There are no hard and
fast figures, as each real estate portfolio
is different, but Siemens estimates that
buildings with green credentials enjoy 23%
higher occupancy rates. By reducing energy
costs, building performance improves, which
in turn can help increase the overall value of
the portfolio.
A number of studies that compared
certified green buildings to non-certified
buildings in the same sub-market found
rental premiums to be up to 30 per cent
higher
5
. In addition, evidence showed that
higher levels of certification achieved higher
sales premiums, including a number of
examples for properties rated under the
LEED and Green Star systems.
A second benefit is greater compliance.
Siemens enables asset owners to
demonstrate they are fulfilling the rules of
the Energy Efficiency Directive (EED) in
Europe, for example, and that they have a
sustainability strategy in place that is being
adhered to; this in turn can enhance market
reputation.
Moreover, it can serve as an advantage
to real estate investment managers, when
acquiring buildings, that they have someone
like Siemens helping them to build portfolios
of green buildings.
An example of this is the sustainable
Swiss real estate fund of Credit Suisse Real
Estate Investment Management. It is a SIX-
listed fund which invests in 44 properties
in Switzerland with a total value of CHF
2’2563.3 million (as of June 30, 2016) and
is the fifth largest Swiss real estate fund.
Every building fulfils the requirements of
the “greenproperty” quality seal developed
by Credit Suisse Real Estate Investment
Management for sustainable property.
through predictive maintenance and remote-
service delivery.
Helping clients achieve typical cost savings
of 20%
Fluri estimates that the typical level of cost
savings that Siemens helps clients achieve
is in the region of 20%, depending on the
maturity of the building stock.
“Some buildings might be old and
under-maintained, and there are a lot of
improvements that can be made. Newer
buildings will often already have good
performance and it might only be possible to
make 5 to 10% improvements, operationally
speaking,” says Fluri. He adds that Siemens
works with institutional real estate clients
to determine where best they should start
when looking to create or further enhance a
sustainability programme.
“Maybe they want to reduce CO
2
emissions by a certain amount within
a certain timeframe. We will help them
to determine which buildings should be
part of the first wave of reducing energy
consumption: the low hanging fruit as it
were. Whatever sustainability goals our
customers have, we work with them to
achieve their goals,” confirms Fluri.
Moreover, thanks to Siemens’ regulatory
expertise, customers can bolster their market
reputation by securing and maintaining
accreditations, ensuring ongoing compliance
with mandatory and voluntary building
efficiency and reporting frameworks.
Digitalisation: A key enabler of real
estate decarbonisation
The Navigator platform is the beating heart
of Siemens’ building efficiency and data
management services capabilities.
Navigator seamlessly aggregates all
the complex data one can collect from
a building. This can be on the supply
side, such as energy procurement data,
and on the demand side, such as energy
consumption data (equipment and assets).
“Navigator is a cloud-based platform, it
is scalable and can process high volumes
of complex data. Being vendor agnostic,
we integrate to the ecosystem of our
clients seamlessly and connect to existing
databases, meters or 3rd party data
provider”, says Huber.
“Navigator supports a
systematic plan to optimise
building facilities by reducing
energy consumption and
procurement costs. It’s a
lifecycle approach.”
Tobias Huber