Wealthcap Tackles Energy Crisis with New MeteoViva Building Sustainability as a Service Model

Leading German real asset and investment manager Wealthcap is using MeteoViva’s predictive building control system to reduce energy use and CO2 emissions in a commercial location at Ganghoferstrasse 27-29 in Munich.

To finance the transformation in how it monitors and controls energy usage, Wealthcap is utilising a new Sustainable Buildings as a Service model introduced by MeteoViva.

The MeteoViva Climate smart data building control system ensures energy consumption and the associated costs of operating office buildings are significantly reduced. To finance this, Wealthcap uses MeteoViva’s new Sustainable Buildings as a Service model: instead of purchasing software and systems to run MeteoViva Climate, Wealthcap receives the full functionality of the technology in exchange for paying a monthly operating fee. In addition, MeteoViva provides a fixed savings guarantee. As a result, the savings exceed the monthly fees.

Uwe Großmann, Managing Director of MeteoViva GmbH, explains: “With our new financial savings model, real estate funds and other large operators of commercial real estate can streamline their properties’ energy efficiency without high capital expenditure and save up to 40 per cent on energy costs. There is great interest in our Sustainable Buildings as a Service financing model, and I am delighted to have won Wealthcap as our first customer after only a very short time, whose asset management team operates sustainably and prefers innovative solutions”, says Großmann.

“For us, operating our office properties in an energy-efficient and low-emission manner has been an important issue, and not only since the energy crisis. On the one hand, this is an integral part of our ESG strategy. On the other, within asset management we are always focused on implementing cost-optimising measures in the interests of our investors and tenants. MeteoViva’s smart Sustainable Building as a Service model convinced us because of its uncomplicated implementation and application, as well as its high energy-saving effect. We are now very excited about the practical application and the first results”, comments Julia Hauber, Head of ESG Real Estate at Wealthcap.

With a total area of 28,000 square meters, the office building in the center of Munich on Theresienhöhe at Ganghoferstrasse 27-29 is an architectural icon in the West End, which is also characterised by renowned works of art.