• CBRE Strengthens Partnership with Negawatt Utility

    21 September 2022

    (21 September 2022, Hong Kong) CBRE Hong Kong announced today that it is teaming up with the prop-tech company Negawatt Utility Limited, to empower landlords in Hong Kong to enhance building operational efficiency through a full spectrum of energy-saving tools and consultancy services from Negawatt.

    The strategic partnership comes at a time when sustainability is becoming more important, especially with buildings accounting for 90% of electricity consumption and over 60% of carbon emissions in Hong Kong. Commercial buildings even contribute more than 75% of total emissions. Landlords and developers are ramping up efforts to lower their carbon footprint, transforming their buildings into smarter and more sustainable assets.

    Under the partnership, landlords and occupiers can access Negawatt’s proprietary Building OS through CBRE’s network. This is a web-based platform designed to combine innovative technology with specific building services knowledge and user experiences from both landlords and tenants. With the use of IoT, data analytics and AI, landlords can understand energy usage and daily maintenance work, and receive intelligence and advice to manage carbon emissions and optimise the operational efficiency of buildings. All of this will help them achieve their own ESG goals while also offering a tailored property experience to their tenants.

    “We are seeing a growing sustainability demand from our landlords as more than 70 countries around the world are committed to the net-zero emissions target by 2050 stipulated in the Paris Agreement. CBRE, as the first Fortune 500 commercial real estate services company to secure the Property Management Company License in Hong Kong, has been spearheading ESG-related improvements for our clients, especially in the area of Green certification,” said Thomas Lam, Head of Property Management at CBRE Hong Kong. “We are excited about our collaboration with the prop-tech expert Negawatt. Through this partnership, we are proactively realising our vision, of building a more sustainable built environment and creating customised tenancy experiences, working alongside our clients and their tenants, for a greener future in Hong Kong.” “Our collaboration with CBRE is a remarkable milestone for Negawatt as we are able to connect with CBRE’s extensive network in the real estate industry. With ESG and green leasing becoming increasingly important for corporates, we look forward to working alongside CBRE to help landlords and tenants embark on or advance their ESG journey via our three-step approach of digitization, digitalization and digital transformation,” said Arthur Lam, CEO of Negawatt. “I am confident that with our commitment and market-leading solutions, we will help landlords and tenants save energy and operational costs, as well as meet their respective ESG targets. More importantly, our digital platform will assist CBRE in creating a collaborative community between landlords, tenants and property managers, contributing to the vision of making Hong Kong a net-zero city.”

    (From left to right)
    Thomas Lam, Head of Property Management, CBRE Hong Kong
    Tom Gaffney, Regional Managing Director, CBRE Hong Kong
    Arthur Lam, CEO of Negawatt
    Jason Lam, CTO of Negawatt
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