Real estate giant Hines to shrink carbon footprint of its European assets with IoT tech

PropTech company ZiggyTec will install sensor-driven devices to utility meters of commercial buildings to capture data

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Real estate giant Hines has announced a partnership with proptech firm Ziggy Tech, aiming to reduce carbon dioxide emissions from its European portfolio with Internet of Things (IoT) technology.

The agreement will see utility meters in commercial buildings being fitted with sensor-driven devices, which will monitor energy usage.

The data that will be extracted is predicted to help Hines monitor energy levels in a sustainable and cost-effective way.

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.”

ZiggyTec Co-Founder Kieran Murphy commented: “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.”