CBRE has teamed up with prop-tech company Negawatt Utility Limited with the goal of delivering best-in-class building management and energy-saving technologies to buildings in Hong Kong.  

Under the agreement, CBRE will leverage its broad client network and professional capabilities to help landlords identify energy-saving opportunities and optimise operational efficiency through the Internet of Things, AI technologies and analytics.

According to the World Economic Forum, buildings currently emit about 40 per cent of global greenhouse gas emissions.

A recent Energy Efficiency Indicator study found that about half of 1,900 global organizations across 20 countries plan to have at least one zero carbon (or net zero energy) building over the next decade.

At a glance: 

• CBRE has announced a partnership with prop-tech company Negawatt Utility Limited to help landlords in Hong Kong achieve their sustainability targets.
• CBRE plans to leverage its broad client network and professional capabilities to help landlords identify energy-saving opportunities and optimise operational efficiency through the Internet of Things, AI technologies and analytics.
• Negawatt provides proprietary Building OS – an online platform designed to combine information technology with building services knowledge to help landlords and companies optimize energy usage and daily maintenance work.

Additionally, 59 per cent of organizations plan to increase investment in energy efficiency, renewable energy and smart building technology in the next year.

CBRE Head of Property Management Michael Smith said the partnership with Negawatt was "more timely than ever".

"We are delighted to lead the real estate industry by collaborating with a like-minded partner like Negawatt to achieve our clients’ visions while elevating the standard of green initiatives,” he said.

“At CBRE, we take pride in our property and facility management services, and we are excited to help our clients transform their buildings into smarter and more sustainable assets through partnering with Negawatt.

“This partnership underlines our commitment to helping contribute to a more sustainable environment while driving unparallel tenant experiences."

Negawatt provides proprietary Building OS – an online platform designed to combine information technology with building services knowledge to help landlords and companies optimize energy usage and daily maintenance work.

Comprehensive solutions including cloud platforms, hardware and engineering consultancy are also offered.

CEO Arthur Lam said the company was looking forward to helping Hong Kong landlords achieve their sustainability targets.

“In the past few years, we have worked with some of the top developers and landlords in Hong Kong to enhance their overall building efficiency through our deployment of Negawatt intelligent building operation systems and devices," he said.

"Over time, we have helped a wide range of commercial buildings effectively reduce energy consumption, eliminate carbon emissions and save operational costs."

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