Allianz and Westbridge offer renewable electricity to tenants

Munich, 05/17/2018

Allianz Real Estate has implemented a comprehensive sustainability project together with the operating cost adviser Westbridge Advisory. The project involved the restructuring of energy purchases for both communal facilities and the tenant electricity pool of the properties in Allianz’s German portfolio.

As a result, the general power requirements of the portfolio - such as elevators and outdoor lighting - are now only provided by renewable energy, saving over 60,000 tonnes of CO2 annually. 

For the tenant pool, the project lowered procurement costs for natural gas and electricity by around 40 percent each, driving further cost savings of several million Euros per year for Allianz tenants. Moreover, the tenant pool will save a further 1,500 tonnes of CO2 per year at the current volume.

"Allianz takes sustainability to heart and has a strong commitment to climate protection. Building emissions still offer enormous potential for reducing CO2 emissions", says Holger Hosang, Head of Asset Management at Allianz Real Estate North & Central Europe. "With the recently completed project, we have set an example that proves that sustainable management pays off for all those involved.

"The CO2 emissions saved make a valuable contribution to climate protection", says Rüdiger Salzmann, Managing Partner of Westbridge Advisory. "This success benefits the environment, tenants and owners in equal measure. This can be an example for the real estate industry, which still has a lot of catching-up to do in this respect".

Westbridge, as arranger of the pool, took over the entire process coordination from the selection of the suitable supplier, preparation of individual savings analyses, integration of tenants into the tenant electricity pool, monitoring the change process, issuing the energy supply contract through to customer support during the term.

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