DUBLIN - Dublin-based proptech company ZiggyTec has today announced a significant partnership with Hines, the international real estate firm, to help monitor energy levels and reduce carbon emissions across their European portfolio. The agreement will see Hines deploy ZiggyTec’s innovative IoT (Internet of Things) monitoring solutions to measure utility usage across all of its European assets. The announcement is part of the real estate company’s innovative plans to drive sustainability.
Using the latest sensor-driven technology, ZiggyTec extracts and measures utility data in real-time, enabling Hines to monitor energy levels across its portfolio in a sustainable, cost-effective and energy-efficient way.
The ZiggyTec/Hines partnership is set to enhance the way resources are consumed by commercial properties. Hines is one of the largest privately held real estate investors, managers and developers in the world, with a global team of 4,820 employees and $144.1 billion of assets under management across 25 countries. Through this partnership, ZiggyTec will install its sensor-driven devices to existing utility meters to extract data from commercial buildings that are asset managed by Hines across Europe including the UK, Ireland, Italy, Spain, The Netherlands, Germany, France, Greece and The Nordics.
Steve Murphy, Managing Director of Technical Operations for Hines Europe said: “We pilot tested our first building in Dublin in January 2020 and found ZiggyTec's data to be highly accurate, reliable, and, most importantly, we saw it as long-term solution to ensure the sustainable management of our assets across our European portfolio. The platform they developed is intuitive, simple and most importantly, the ZiggyTec team have listened to our needs and are committed to incorporating these needs into future versions of the platform. Energy efficient and sustainable management policies are key to the long-term health of our buildings, ensuring that we provide strong, future-proofed returns for our investors.”
Commenting on the significance of the partnership, ZiggyTec Co-Founder Kieran Murphy said: “Working with Hines is a welcome opportunity to showcase the future of building meter readings. It demonstrates that there is an efficient and cost effective solution to extract data, be that electricity, water, gas, heat, or air quality from commercial buildings and access real-time data in the cloud. With no need to power down buildings and installation taking only a few hours, we believe this could be a sustainable solution for property and asset owners to achieve carbon neutrality by 2030."
This new partnership between Hines and ZiggyTec is an innovative approach to monitoring energy consumption, continuing Hines’ legacy of industry-leading sustainability standards. In November 2020, the Hines Pan-European Core Fund (HECF) achieved the highest possible rating of five Green stars out of five and was awarded Sector Leader within its European Diversified Office/Retail/Non-listed Core category in the Global Real Estate Sustainability Benchmark (GRESB) for an unprecedented fourth year in a row.
ZiggyTec is an Irish propTech company that offers a full turnkey solution for property managers and asset owners to extract data, be that electricity, water, gas, heat, or air quality from their buildings in the cloud using the latest sensor-driven technology. Known as the data people in their sector, ZiggyTec has many blue-chip clients and uses the latest IoT technology to get data from commercial buildings in a more cost-effective way than existing solutions. Surpassing traditional solutions, ZiggyTec has created a meter reader that can be attached to existing assets meters where accurate, reliable and consistent data is transmitted in real-time to ZiggyTec’s cloud-based platform, or to a client’s preferred solution via an API. This will allow property managers to monitor and control the energy consumption. ZiggyTec is based in Dublin and employs 10 people. For more see www.ziggytec.com
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 225 cities in 25 countries. Hines has approximately $144.1 billion of assets under management, including $75.5 billion for which Hines serves as an investment manager, including non-real estate assets, and $68.6 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,426 properties, totalling 43 million square metres. The firm’s current property and asset management portfolio includes 576 properties, representing over 22 million square metres. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world.
Since entering Europe in 1991, Hines has grown its European platform to include offices in 16 cities as well as a presence in 55 cities in 13 countries, with €22.7 billion of assets under management, including €19.8 billion for which Hines serves as an investment manager and €2.9 billion for which Hines provides third-party property management services in Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Poland, Spain and the United Kingdom.
Visit www.hines.com for more information.