BUCHAREST REAL ESTATE CLUB

Shaping a New Era of Development in Southeast Europe

MEMBER NEWS: Delta Studio Expands Operations as Residential Real Estate Developer

MEMBER NEWS: Delta Studio Expands Operations as Residential Real Estate Developer 750 526 BUCHAREST REAL ESTATE CLUB

Romanian interior design supplier Delta Studio consolidates its operations on the residential segment by entering the development market, announced Tudor Cartianu, CEO of the company at a recent BUCHAREST REAL ESTATE CLUB Media Briefing.

Starting Q1 2021, Delta Studio will develop a boutique residential project, in gated community format in Corbeanca area, near Bucharest.

The project consists of 24 houses, benefitting from modern architecture and large common spaces with a community pool, park and outdoor fitness area.   

“The real estate market had been under our attention for some time, as we are an already established supplier of materials and finishes for this market and we are very well immersed into the segment.

In the new context generated by the pandemic we saw the opportunity to develop a modern housing  project in one of the premium green areas in the outskirts of Bucharest, Corbeanca,” stated Tudor Cartianu, CEO of Delta Studio.

The project delivery is estimated for Q1 2022.

(3.03.2021)

THE NEW FACE OF BUCHAREST: STRUCTURAL CHANGES IN LOGISTIC & RETAIL

THE NEW FACE OF BUCHAREST: STRUCTURAL CHANGES IN LOGISTIC & RETAIL 740 519 BUCHAREST REAL ESTATE CLUB

As online sales market continues its accelerated growth, logistic developers are consolidating their logistic hubs near Bucharest. Retail focuses on smaller – sized proximity projects. 

Pandemic brings structural changes on the retail and industrial segments of the real estate market: proximity retail gains further ground, while logistic keeps on its consolidation on grounds of 2020 accelerated growth in online sales, according to BUCHAREST REAL ESTATE CLUB analysis – THE NEW FACE OF BUCHAREST.

”The total E-Tail* – tangible products – market in Romania reached a 5.6 billion EUR value at the end of 2020, up by 30% as compared to the previous year. Daily sales also reached the 15 million EUR volume,” said Raluca Radu, Co-organizer of GpeC (E-Commerce Awards Gala) at the press conference organized by BUCHAREST REAL ESTATE CLUB on the official launch of THE NEW FACE OF BUCHAREST Catalogue.

In this context, developers are actively investing in new logistic parks, the most important areas in Bucharest being the hubs in the proximity of A1 and A3, with a new interest area between the two, namely Buftea – Chitila, in the vicinity of the new Capital`s ring road, A0.

“The e-commerce operations are changing the paradigm in logistic. Large e-commerce players will continue to generate demand for XXL hubs logistic formats as well as for cross-docking platforms,” Dana Bordei, Commercial Director of WDP logistic developer stated for BUCHAREST REAL ESTATE CLUB.

„From our Group activity we see sinergies between the office and the logistic segments, with tenants from the office buildings which we aim to attract to our logistic parks,”, said Alexandra Popa, CFO of Element Group, which includes the logistic developer Element Industrial.

„The retail and e-commerce companies rented a cumulated area of more than 400.000 sqm in Romania in 2020. Bucharest remains the most attractive city, comprising 65% of the total volume transacted last year. Proximity has a major impact on consumers` habits; as a consequence, the food operators remained active, ensuring new locations in the proximity of the most dense residential hubs, while developers focused on smaller – sized parks, with a limited mix of retail and services,” Cristi Moga,Head of Reserach Cushman & Wakefield Echinox, said at the same press conference.

Download here THE NEW FACE OF BUCHAREST Catalogue by BUCHAREST REAL ESTATE CLUB

(19.02.2021)

THE NEW FACE OF BUCHAREST: RESIDENTIAL IN THE HYPE

THE NEW FACE OF BUCHAREST: RESIDENTIAL IN THE HYPE 740 519 BUCHAREST REAL ESTATE CLUB
In the context of Covid – 19 pandemic and with the amount of time spent at home having increased in the past year, together with the increase of Romanians` purchasing power, the Bucharest residential market is undergoing an effervescence period. Developers active in Bucharest are investing a total of 1 billion euros in middle & upper class housing projects, which improve the living standards in the Capital City, according to BUCHAREST REAL ESTATE CLUB analysis – THE NEW FACE OF BUCHAREST. 

According to BUCHAREST REAL ESTATE CLUB data, the total investments volume, on all sub-segments of the Bucharest real estate market is 3.5 billion euros (of which the residential sector – middle & upper class quality projects represent a total of 1 billion euros), in 60 projects included in the analysis, completed in 2020 or with delivery term until 2023. National Real Estate Cadastre Agency data reflect a residential sales volume higher by 19% in 2020 as compared with 2019, despite a 2 months blockage during the lockdown period at pandemic outbreak.     

According to BUCHAREST REAL ESTATE CLUB analysis, the area thhhat keeps on attracting most of the quality projects investments is the Northern part of Bucharest, with its sub-markets Barbu Vacarescu – Floreasca, Aviatiei, Pipera, Baneasa, Expozitiei, Sisesti – Straulesti.

With Eurostat data reflecting a 45,8% percentage, almost half of Romania`s population living in over-crowded dwellings, BUCHAREST REAL ESTATE CLUB estimates a continuing high potential on the market for new residential developments. 

MAIN TRENDS OF THE RESIDENTIAL SECTOR IN 2021: 

  • 2-rooms apartments remain prioritary in the development mix for the middle segment, as they are most searched by buyers for and price – affordable. 
  • Individual houses and villas demand increases by 30%, but most projects focus on apartments well located within the City and served by various facilities.
  • Pandemic favors projects with multiple facilities for the living communities: green areas, children playgrounds or special areas designed for outdoor sports.
  • New types of layouts: considering the evolution towards a new hybrid work format (several days from home and several days from the office), developers also consider the idea to include an office area in the new housing layouts, which can improve the comfort of working from home.
  • New areas of interest: together with the inauguration of the new M5 subway in the Central – Western part of Bucharest, new residential projects may be announced in the following period; another area of interest which will attract new investments is the one in the near proximity of the Urban Highway, where some developers are already preparing projects.
  •  The luxury segment continues its development trend, with more and more sophisticated clients, whose incomes were not affected by the pandemic and who that pay up to 4-5.000 EUR/sqm for exclusive properties. 

Download here THE NEW FACE OF BUCHAREST Catalogue by BUCHAREST REAL ESTATE CLUB

(17.02.2021)

THE NEW FACE OF BUCHAREST: + 3.5 BLN. € INVESTMENTS IN BUCHAREST REAL ESTATE

THE NEW FACE OF BUCHAREST: + 3.5 BLN. € INVESTMENTS IN BUCHAREST REAL ESTATE 740 524 BUCHAREST REAL ESTATE CLUB
Bucharest attracts investments totalling over EUR 3.5 billion in large-scale projects, developed in 2020 and in course of delivery until 2023, according to the latest market analysis conducted by BUCHAREST REAL ESTATE CLUB – “THE NEW FACE OF BUCHAREST”.
The value includes investments in major urban regeneration projects, which bring back to the communities the former abandoned industrial platforms in central areas of the city, in new office buildings integrating smart technologies adapted to the new hygiene and health conditions, in modern residential, which defines new living standards in Bucharest, in new retail schemes and logistics hubs in the vicinity of Bucharest, as well as in infrastructure projects.

The capital of Romania has become a technology and innovation hub, as highlighted by the Financial Times ranking, which places Bucharest on the 7th place in the Top 25 “Tech Cities of the Future 2020/2021”. At the same time, in the pandemic context and with the acceleration of digitalization, it is expected that the main software and digital solutions companies will continue to accelerate their development.

UiPath was founded in Bucharest, the city where our global development started. We found the necessary modern infrastructure and offices here and, most importantly, highly specialized human resources, which contributed to the success of the UiPath story on every continent, says Elisabeta Boşneag, Head of Global Real Estate UiPath, for BUCHAREST REAL ESTATE CLUB.

50% OF THE TOTAL INVESTMENTS VOLUME IS REPRESENTED BY THE LARGE URBAN REGENERATION PROJECTS, THE NEW OFFICE HUBS AND THE TRANSFORMATION OF THE ULTRA-CENTRAL AREA OF BUCHAREST.

According to BUCHAREST REAL ESTATE CLUB data, local developers as well as international investment funds are investing approximately 1.6 billion euros in modern projects, which will completely change the Bucharest real estate landscape.

Urban renewal projects on former industrial platforms create new areas of interest, with mixed functions (offices, housing, retail) and multiple facilities (green spaces, areas for outdoor sports and playgrounds), while offering the possibility to work in the home proximity. Such developments analyzed by BUCHAREST REAL ESTATE CLUB are One Floreasca City, One Cotroceni Park, Timpuri Noi Square – Vastint, Fosta Fabrică – Hanner or Estoria complex. On the office market, some projects have been converted into residential spaces, but investments have not been stopped.

The most important office hubs, with new projects completed in 2020 or under development in 2021-2023 are the Central – Western area (One Cotroceni Park, Campus – Skanska, The Light), South – Center (Timpuri Noi Square – Vastint, U Center – Forte Partners), Barbu Văcărescu (Globalworth Square and Equilibrium – Skanska), Pipera (Globalworth Campus), Expozititiei (J8 Office Park – Portland Trust and @Expo – Atenor) or Băneasa with MIRO Offices by Speedwell. The Ultra – Central area is also on investors` radar, some of the most important projects here being One Tower by One United Properties or Țiriac Tower – Țiriac Imobiliare. At the same time, developers are investing in existing properties, preparing them for the increasingly sophisticated requirements of tenants and buyers: Bucharest Business Park (CA IMMO), myhive (Immofinaz) or One North Gate (One United Properties) being just a few examples.

Post-pandemic trends on the Bucharest office market

While international green building certifications BREEAM or LEED have already become a standard for the new office buildings in Bucharest, major developers have increasingly addopted the WELL certification – an international standard that certifies the quality of the interior air and construction to parameters that ensure the wellbeing of employees who will work in these buildings.

Innovation and integration of smart technologies are also becoming increasingly important for developers, with new buildings benefiting from touchless technology or innovative air disinfection systems, which ensure a higher degree of hygiene and safety for the buildings occupiers.

Geothermal systems or photovoltaic roofs are also some of the features of the new office buildings,signaling thatthe buildings` energy efficiency is also becoming a standard among institutional real estate developers.

The new hybrid work format

Given the start of the global vaccination campaign, market experts estimate that most of the companies will choose to work for at least 3 days a week from the office, leaving certain segments of employees the flexibility to continue to work from home.

”In 2020, aproximately 25.000 persons called ATLAS Help Line, a phone line for psycho-emotional support; beyond the pandemic – related difficulties (depression, anxiety), they also reported problems related to the lack of adaptation to working from home: stress, sleeping problems, difficulties in managing their relations with thei families and colleagues. Also, more than 20.000 online psycho-therapy sessions took place on atlas.app, while the self-evaluation tools available there (stress, depression, anxiety, burnout, quality of life, financial wellbeing scales) and the specialized content on the blog were constantly accessed by a large audience. A significant increase of 100% was also registered among our corporate clients, as companies in Romania contracted the ATLAS services as support for their employees in this period,” Dr. Mihai Bran,  primary psychiatrist and co-founder of ATLAS, digital health and wellbeing platform that grew exponentially in the recent years, stated for BUCHAREST REAL ESTATE CLUB.

Download THE NEW FACE OF BUCHAREST Report by BUCHAREST REAL ESTATE CLUB

(16.02.2021)

BREC MEDIA BRIEFING, 16.02: THE NEW FACE OF BUCHAREST: THE NEWEST OFFICE CLUSTERS

BREC MEDIA BRIEFING, 16.02: THE NEW FACE OF BUCHAREST: THE NEWEST OFFICE CLUSTERS 740 526 BUCHAREST REAL ESTATE CLUB
On Tuesday, February 16.00, BUCHAREST REAL ESTATE CLUB organizes the Press Conference announcing the latest cumulated data on the new real estate investments on the Bucharest market. In the spotlight: THE NEW OFFICE CLUSTERS IN BUCHAREST.

Agenda highlights:

  •  Major investments completely changing the Bucharest Real Estate landscape
  • Urban Regeneration Projects
  • The New Office Clusters in Bucharest
  • Bucharest Central Business District
  • Active investments
  • Status of new projects
  • Modern stock update 
  • Post – pandemic trends on the office market 

Speakers:

  • Despina Ponomarenco, Executive Director, BUCHAREST REAL ESTATE CLUB
  • Cristi Moga, Head of Research, Cushman&Wakefield Echinox
  • Mihai Paduroiu, CEO, One United Properties – Office Division
  • Daniela Badulescu, Country Manager, S IMMO
  • Razvan Enache, Managing Director, Tiriac Imobiliare 
  • Mike Hapoianu, General Manager, MINDSPACE Romania & Polonia
  • Bogdan Nicoara, Founder, Bright Spaces
  • Dr. Mihai Bran, Co-founder, Digital health & wellbeing platform ATLAS
  • Alex Boghiu, Co-founder The Mavers 

(15.02.2021)

Skanska: EUR 45 M investment in the 2nd phase of the Equilibrium Office Project

Skanska: EUR 45 M investment in the 2nd phase of the Equilibrium Office Project 740 532 BUCHAREST REAL ESTATE CLUB

Skanska invests EUR 45M, in the 2nd building of the Equilibrium office project located in the Northern part of Bucharest, Romania. The 12-storey building will comprise of a total leasable area of 19.900 sqm and 229 parking lots above and underground. At its completion, the entire two-building Equilibrium complex will offer 40,800 square meters of leasable area.

The project has a mix of green relaxation spaces, with modern exterior furniture that incorporates wireless chargers, power sockets and free WiFi, but also with numerous facilities to encourage urban mobility and an active lifestyle – locker rooms and showers for those who practice sports before or after working hours, parking spaces for two-wheeled vehicles, but also fast charging stations for electric cars.

Construction works are planned to be started in February 2021 and are scheduled for completion in the first quarter of 2023. The first phase of the project, Equilibrium 1, became operational on November 1, 2019.

Through a partnership with the start-up Bright Spaces, future occupants of the second Equilibrium building can already visualize the office space virtually. The interactive 3D visualization platform, operational since October, allows the developer to present its spaces in an innovative, interactive way and more adapted to the current needs of customers. The solution provides a complete user experience and creates a new standard in the virtual presentation of office space.

The new real estate technology platform is the result of a PropTech hackathon organized by Skanska in 2019, and it was implemented for the first time in the Equilibrium project.

„Equilibrium, located in one of the well-known business areas of the Capital, is representative for our portfolio in the region, and after the implementation of the second phase, we will double the leasable area of ​​the entire project. The second building will incorporate the same quality standards as Equilibrium 1, and will include additional measures for protection against viruses. Placemaking, which is the main attraction of this project, plays an essential role: it is that common and dynamic place where people can meet, interact and socialize, and during the weekends it becomes a space for recreation and relaxation. Through the hybrid concept which we propose, we will integrate workspaces with relaxation facilities and quick access to urban mobility services. In addition, to support those interested in moving their offices into our buildings, we have implemented the first 3D interactive visualization platform on the local market, SkanskaSpaces. Despite the current context, we continue to invest in our projects, in the economy and in the sustainable development of the city”, said Aurelia Luca, Executive Vice President of Operations Romania for Skanska’s commercial development division in CEE.

The future building will meet some of the highest standards in the field. Following the prevention measures implemented and the safety standards that have become an industry requirement, the Equilibrium 1 project is among the first in the Skanska portfolio in Central and Eastern Europe to receive WELL Health-Safety Rating. This is the newest building rating system introduced by the International WELL Building Institute (IWBI) in the pandemic context.

Raluca Soaita, Healthcare Architect: Why Building Medical Facilities Will be Profitable

Raluca Soaita, Healthcare Architect: Why Building Medical Facilities Will be Profitable 740 526 BUCHAREST REAL ESTATE CLUB

The recent pandemic context has brutally exposed the vulnerabilities of the medical systems around the world, while recent fire accidents in Romanian hospitals in cities such as Bucharest or Piatra Neamt have only worsened the situation, underlining the lack of both responsibility and investments in public hospital infrastructure.

Many more hospital vulnerabilities will continue to surface in the next period, given the pandemic and especially the intensive care units – ICU (ATI) are highly exposed, says Raluca Soaita, founder of Tesseract Architecture, the single architecture company specialized in the healthcare sector and one of the few that operate in CEE.

“An intensive care unit needs to be equipped with special networks. Treated air and pressure differences must be used. This is very difficult to implement in the existing hospital buildings because of their initial structure,” says Raluca Soaita in a dialogue with BUCHAREST REAL ESTATE CLUB.

“Many of the Romanian hospital buildings were not initially designed for this purpose,” added Raluca, also saying that most of the local hospitals are forced to function with electrical and gas installations that were improvised as additions to the initial structure of the buildings. “All these improvisations expose the buildings and patients to a high fire and epidemiological risk. Many of the public hospitals are deteriorated and more problems will appear in the near future.” the architect ads.

With the recent pandemic having put high pressure on the public  hospitals` capacity to treat other affections than Covid-19, the private health system remains the patients` single alternative. With the new young urban generation opting more and more for private healthcare services, due to their improved quality and patient quality treatment, this sector will continue to generate high demand, says Raluca Soaita. “The existing private health clinics keep on sustained rhythm of growth in the recent years  – our client Medlife announced 8% business growth in Q3 2020) and we believe that the need for medical infrastructure will keep growing in the next years, considering the still limited offer on the market,” says the architect.

Tesseract Architecture is a multi-disciplinary studio of architects operating across three divisions: medical architecture, commercial architecture and 3D animation. The healthcare architecture division of Tesseract is specialized in creating patient – centric designs for clinics and hospitals, with important projects in their portfolio, such as the Modular Hospital in Brasov, Sibiu County Hospital, the Modulal Hospital for Covid – 19 pandemic at Elias Hospital in Bucharest or the extension of the Children Clinical Emergency Hospital Marie Curie /Daruieste Viata.

One of few healthcare specialized studios that operate in CEE, Tesseract Medical has delivered creative concepts for both very large and smaller facilities and involves an extensive multi-disciplinary team in approaching a medical project, such as sociologists, anthropologists, psychologists, epidemiologists to name just a few.

New: Digital Exhibition with all Innovations from Schüco, Jansen & Warema

New: Digital Exhibition with all Innovations from Schüco, Jansen & Warema 740 530 BUCHAREST REAL ESTATE CLUB

If you are an architect, if you represent a joinery company, or you are simply thinking of a new house, you must visit i.NNOVATIONNOW, the online platform where you can get acquainted with all the innovations from SchücoJansen and Warema, presented within a digital exhibition, accessible at any time, throughout 2021.

The i.NNOVATIONNOW platform offers the possibility to experience, in an innovative and exciting way, product presentations, virtual themed tours and attend live webinars.

The Schüco products address 3 main topics:

·        HEALTH – healthy building – From natural ventilation with sound insulation and heat recovery to barrier-free thresholds for windows, doors and sliding doors.

·        SMART – intelligent building – Faster and more efficient manufacturing, textile facades and much more information on design, construction and smart operation.

·        SECURITY – safe building – Various solutions that meet the fundamental need for safety and protection against burglary and fire.

Jansen continues to develop the series of steel profiles in two main directions: DESIGN and SAFETY. Whether we are talking about new residential projects, the renovation of historical monuments, or constructions with special fire resistance requirements, steel profile systems provide viable, elegant and safe solutions.

Warema brings new SUN SHADING solutions to the architects and beneficiaries’ attention, for both indoor and outdoor as well as digital applications available for their operation and the integration of shading systems in SMART HOME solutions.

You can learn about these technologies and more here: alukoenigstahl-inow.com.

About Alukönigstahl Romania

Alukönigstahl is a successful company, active in Central and South-Eastern Europe, which is owned by the König family in the fourth generation. Teamwork and innovative product development have propelled Alukönigstahl into a market-leading position. For over 60 years there has been an alliance with two international systems manufacturers: Schüco, a world leader in aluminum systems and PVC experts, and Jansen, a specialist in steel profiles.

Alukönigstahl Romania was founded in 1995, with its headquarters and warehouse in Bucharest. Together with over 3.000 partners in the field of real estate investments, architecture and metal constructions, Alukönigstahl Romania has completed over 5.000 representative projects and constructions in the last 26 years, among which: Ana Tower, Globalworth Square, Coresi Business Resort, Sky Tower, Globalworth Tower, UBC Iasi, Cluj and Timisoara.

For more information, please visit the company’s website: www.alukoenigstahl.ro and its FacebookLinkedIn and Instagram pages.

Andrei Breahna, GAEP: Why Art is a “Marketing Gold” in Post – Pandemic Real Estate

Andrei Breahna, GAEP: Why Art is a “Marketing Gold” in Post – Pandemic Real Estate 740 526 BUCHAREST REAL ESTATE CLUB

 

The post-pandemic world is preparing to return to office life with the advancement of the vaccination campaign and art can be one of the most powerful tool, “a marketing gold” for real estate owners and developers, says Andrei Breahna, co-founder of GAEP contemporary art gallery in Bucharest that totally sparkled the modern cultural landscape of Bucharest in the recent years.

And this is because real estate owners know that art can make a statement about the quality and the uniqueness of their projects, Andrei says in the most recent dialogue with BUCHAREST REAL ESTATE CLUB:

Relation between Art and Employees` Mental Wellbeing  

The positive impact of art on employees’ wellbeing is pretty well documented. For instance, an extensive survey by the British Council for Offices and International Art Consultants shows that 61% of employees believe art and artists inspire them to think and work more creatively and 93% of them agree that art makes spaces more welcoming for both staff and visitors.

Furthermore, there is growing evidence that an appealing workplace can increase productivity. The key, however, is to make employees part of the process, not just hang some artworks on the walls. In a study by Identity Realization, a research group based at the University of Exeter, the researchers created three types of working environments: a “lean” office, with minimal decoration; an “enriched” office, with plants and art; and an “empowered” office, in which the staff could decide what they displayed and how. The results were persuasive. People in the enriched office worked about 15% faster than those in the lean office. Productivity and wellbeing increased even further – by around 30% – in the empowered office.

Why Art & Real Estate 

Traditionally, art has been used as a high-end amenity to attract clients. ”Art can be marketing gold” is something of a leitmotif, especially for luxury real-estate developers in the US and Asia. That’s because they know art can make a statement about the quality and the uniqueness of their project. And with the right artworks, either acquired and commissioned, it is a powerful statement.

What excites me when travelling abroad is to see that art is more than an island in these premium buildings. It is an integral part of the fabric of the city. In New York, any major new civic space or public infrastructure project has some public art. Hospitals help patients heal with the power of art. The numerous museums, galleries and artist-run spaces are creative hubs full of energy.

Circling back to the idea of art being part of people’s lives, I think real-estate projects at all price ranges can employ art to make people feel proud of the places they live or work in. And developers do have a lot of options: buying artworks, commissioning site-specific works, presenting rotating exhibitions, sponsoring on-site art programming, offering different art-related experiences to prospective clients, etc. Where should they start? The first step is simple: start a conversation with a gallery who represents artists and has access to a significant number of artworks. 

Added Value of Art in Office Buildings 

It can definitely be used as an identity and branding tool, especially here, in Bucharest, as the number of office buildings that have incorporated art is quite low. Looking at best practices in other countries, one notices that companies select or commission artworks that embody their values or their organizational spirit.

For organizations with CSR or outreach programmes, art can foster better community relations – for instance, by supporting local artists.

And in the post-pandemic reality, when the office will compete with more relaxed working spaces (home, first of all), it is essential that the office is a place where people like to be in. A destination of choice. Art can contribute to this, as well.

Art and Real Estate Investments  

I see them as complementary investments. If you’ve put your money into real estate, why not enhance the space with art? It will create a more aesthetic environment and it will increase property values.

As for the reasons to invest in art, I noticed a subtle mix of financial and non-financial drivers. Art buyers want to beautify their spaces, to express their tastes and to share their interest in art with friends or social contacts. But they also buy art to diversify their wealth portfolio or as a hedge against inflation. An interesting recent development is that financial motivations tend to decline with age: according to the global survey Art Market Report 2020, three quarters of millennial art collectors regard financial factors as important versus a third or less of people over 55.

About Andrei Breahna & GAEP

Cultural manager, gallerist and collector, Andrei Breahna is the co-founder of GAEP, a contemporary art gallery with a vibrant exhibitions programme featuring the work of established and emerging artists. Since 2014, the gallery has presented more than 30 exhibitions in its elegant space on 50 Plantelor Street, Bucharest and has participated in over 20 international art fairs, including the award-winning participations at ARCOmadrid 2019 and Artissima 2017.

Facilio & Evogy Partner to Improve Efficiency for Real Estate Portfolios

Facilio & Evogy Partner to Improve Efficiency for Real Estate Portfolios 740 535 BUCHAREST REAL ESTATE CLUB
Facilio, a leading AI-driven property operations platform and Italy-based Evogy, a leading digital energy service provider specializing in the Energy-as-a-Service model, announced a strategic partnership to deliver IoT-led solutions and services to drive sustainability and improve operational efficiency for real estate portfolios.

Commenting on the partnership, Stefano Zanin of Evogy, CTO and Co-Founder, stressed the need for a proactive response to climate-change and adherence to sustainability, in real estate. “There are huge opportunities to realize cost savings through energy efficiency, with the power of technology like IoT & Cloud. Using Facilio’s cloud-based platform, we will enhance our digital energy services via a command and control center, to optimize asset performance at enterprise scale, and fulfill the needs of large portfolio customers,” Stefano added.

“The Facilio+Evogy combo unlocks great value for customers, through complementary solutions that enhance the portfolio performance in real-time”, CEO and Founder of Facilio, Prabhu Ramachandran said.  

As a result of this partnership, Facilio and Evogy will extend their offerings to deliver well-rounded, intelligence-led connected operations and sustainability services, for large commercial portfolios. The enhanced capabilities include:

  • Remote monitoring and control of multiple building assets, equipment, and systems (HVAC, fire safety, access control, etc.) through a “single-pane-of-glass” dashboard
  • Automated operational workflows, along with preventive, condition-based, and predictive maintenance
  • New occupant/tenant services through personalized comfort control apps; App-based tenant service requests and visitor management.
  • Automated, ML-driven algorithms for optimization of HVAC systems for energy efficiency
  • Dynamic optimization of energy assets using Evogy’s ‘Simon’ digital energy specialist, in response to variable load, weather forecasts, electricity tariffs, etc.

Facilio and Evogy’s synergetic operating model will enable clients to unlock the power of building data and make real-time performance changes; to optimize costs, energy usage, and productivity. End users and occupants will benefit from superior experiences and continuous responsive control.

“Facilio has a fast-growing presence in Southern Europe and Romania is a key market in our strategic expansion,” said Prabhu Ramachandran, CEO & Founder of Facilio in a recent Talk with BUCHAREST REAL ESTATE CLUB. Read more >>

About Evogy:

Evogy is a leading digital energy service provider specializing in the Energy-as-a-Service model of sustainability services. This includes consulting, project management, and full-stack consumption optimization services for industries, retail, large properties, and more. Thanks to Evogy’s IoT and AI-cloud-based platform called Simon, the “digital energy specialist”, Evogy provides a suite of apps for advanced energy management (monitoring, control, and optimization of performance equipment building systems), demand response, and energy communities. Learn more about Evogy at www.evogy.it

About Facilio:

Facilio’s AI-driven property operations platform allows real estate owners to aggregate building data, optimize performance, and control portfolio operations – all from one place. Customers in the commercial office, healthcare & retail categories use Facilio across 40 million square feet to reduce operations costs, increase net asset value & derisk operational liability. Headquartered in New York City with offices in Padova, Dubai, Chennai & Singapore, Facilio is a global company backed by leading investors including Accel Partners and Tiger Global Management. Learn more about Facilio O&M platform: https://facilio.com

(1.02.2021)