Allianz’s Castellana 200 becomes the first asset in Spain to receive the firm’s innovative smart upgrade package

Madrid | Paris | Munich, 03.05.2022

Castellana 200, a prime mixed-use office and retail asset in Madrid managed by Allianz Real Estate, has become the first asset in Spain to integrate the firm’s innovative suite of smart upgrades – the ‘Building Signature Program’. 

 
This proprietary asset management program ensures buildings meet the very highest standards in terms of innovation, digitalization and connectivity as well as making a positive social and environmental impact.

Central to Allianz Real Estate’s approach to innovation is improving the user experience through tech-based, sustainable solutions. Data generated by the suite of sensors and smart devices deployed within the Building Signature Program enables the monitorization and optimization of air quality, temperature and light, and the concentration of CO2, as well as the analysis of space usage and occupancy rates. The implementation of smart access controls to facilitate contactless entry, room bookings and elevator traffic optimization all contribute towards a user-focused workplace. These advanced features are already available to the suite of existing prime tenants in the building.

As a result of this smart enhancement, Castellana 200, which was acquired in 2019, has been awarded the prestigious LEED v4.1 Operations + Maintenance (O+M) Platinum certification, the latest version of the LEED rating system. This represents the maximum possible rating and raises the bar on energy efficiency, water conservation, site selection, material selection and waste reduction.  

The achievement of the LEED certification marks another step in Allianz Real Estate’s journey towards becoming carbon neutral by 2050. In Spain, the firm will continue accelerating several initiatives designed to assess all assets, with the goal of fully decarbonizing its portfolio in the region.  

Located in Paseo de la Castellana, the most important street in Madrid’s central business district, Castellana 200 is comprised of two office buildings with a gross lettable area of over 20,000 sqm. It also incorporates a 6,500 sqm upmarket shopping center.  

 

Miguel Torres, Head of Iberia at Allianz Real Estate

Miguel Torres, Head of Iberia at Allianz Real Estate

Miguel Torres, Head of Iberia at Allianz Real Estate, said: “Castellana’s LEED certificate marks yet another great achievement as the building becomes a market benchmark for innovation and the highest quality technological standards in Spain. As the first deployment of our Building Signature Program in the country, this asset underscores the sophistication of our work and the value we create for our tenants as we continue to offer best in class assets in the Spanish market and beyond.”

 

Alexander Gebauer, Chief Executive Officer for Allianz Real Estate West Europe

Alexander Gebauer, Chief Executive Officer for Allianz Real Estate West Europe

Alexander Gebauer, Chief Executive Officer for Allianz Real Estate West Europe, said: “This prestigious certification highlights our commitment to decarbonizing our portfolio as well as our ability to significantly improve our assets’ operational efficiency through innovative, data-driven asset management. This will both effectively reduce costs while optimizing ESG performance to deliver portfolio resiliency for our clients.”

Castellana 200 is in the process of obtaining a Smart Score certification by Wired Score as well as a Silver level upgrade. The certification identifies best in class smart buildings that deliver an exceptional user experience, drive cost efficiency, meet high standards of sustainability and are fully future-proof [1].


 

[1] SmartScore certification - WiredScore

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Paula Eirich
Paula Eirich
PR Manager

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