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Construction News
05/02/2020
Tech Startup Strikes Deal With Legal & General
Legal & General is set to boost building performance across its portfolio courtesy of a new partnership.
The company has appointed tech startup Demand Logic, whose cloud-based software provides real-time intelligence to property stakeholders, helping improve productivity, save energy, identify faults and increase comfort and wellbeing among occupants.
Demand Logic’s software will create an online forum for over 50 potential users, including asset managers, property managers and facilities managers, allowing issues to be addressed quickly and efficiently.
This appointment forms part of Legal & General's attempts to challenge the convention of the real estate sector and push towards making its commercial property more responsive to occupants' needs.
Demand Logic's software has been deployed across seven of Legal & General's commercial buildings and will be now be rolled across a number of other properties within the portfolio. Since June last year Demand Logic, working with Legal & General and its partners, has implemented 300 actions based on the software's findings, resulting in 1,547,826 KwH (£180,000 per year and a 400-tonne carbon saving) of potential energy avoidance across the seven properties.
Mark Tyson, Head of Property Operations at LGIM RA, said: "Demand Logic is a key part of our wider strategy to be the owner of choice for occupiers. Initially across our office portfolio the Demand Logic tools have built a unifying platform for our Property & Facilities Managers, Technical Consultants and M&E service providers. This enables them to collaborate and ensure the best outcome for our occupiers with a mixture of day-to-day actions on comfort, energy reduction measures and longer-term HVAC plant & equipment replacement decisions."
Mike Darby, CEO & Co-Founder, Demand Logic, added: "Demand Logic is delighted to be extending our partnership with such a prestigious brand, like LGIM RA. We have achieved some very effective results working together already. We are excited to see how much value we can create as part of this extended partnership. LGIM's experience and their innovative, customer-centric approach is something which we want to build upon to develop our offering and further support LGIM and their clients."
(CM/MH)
The company has appointed tech startup Demand Logic, whose cloud-based software provides real-time intelligence to property stakeholders, helping improve productivity, save energy, identify faults and increase comfort and wellbeing among occupants.
Demand Logic’s software will create an online forum for over 50 potential users, including asset managers, property managers and facilities managers, allowing issues to be addressed quickly and efficiently.
This appointment forms part of Legal & General's attempts to challenge the convention of the real estate sector and push towards making its commercial property more responsive to occupants' needs.
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Demand Logic's software has been deployed across seven of Legal & General's commercial buildings and will be now be rolled across a number of other properties within the portfolio. Since June last year Demand Logic, working with Legal & General and its partners, has implemented 300 actions based on the software's findings, resulting in 1,547,826 KwH (£180,000 per year and a 400-tonne carbon saving) of potential energy avoidance across the seven properties.
Mark Tyson, Head of Property Operations at LGIM RA, said: "Demand Logic is a key part of our wider strategy to be the owner of choice for occupiers. Initially across our office portfolio the Demand Logic tools have built a unifying platform for our Property & Facilities Managers, Technical Consultants and M&E service providers. This enables them to collaborate and ensure the best outcome for our occupiers with a mixture of day-to-day actions on comfort, energy reduction measures and longer-term HVAC plant & equipment replacement decisions."
Mike Darby, CEO & Co-Founder, Demand Logic, added: "Demand Logic is delighted to be extending our partnership with such a prestigious brand, like LGIM RA. We have achieved some very effective results working together already. We are excited to see how much value we can create as part of this extended partnership. LGIM's experience and their innovative, customer-centric approach is something which we want to build upon to develop our offering and further support LGIM and their clients."
(CM/MH)
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