PATRIZIA Immobilien AG, a global partner for pan-European real estate investment, has plans to convert more than 1,000 of the assets it manages across Germany from general electricity meters to the operation of new, digital energy measuring systems. This uniform approach to energy management will ensure a continuous, standardized flow of energy consumption data across all PATRIZIA’s German real estate assets.
Jörg Müller, head of asset management ESG at PATRIZIA, said, “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 tons each year.