Company Overview
PATRIZIA SE, a global real estate investment management firm, has been a prominent player in the industry for over 38 years, managing assets worth over EUR 57 billion. With a vast international footprint, PATRIZIA offers a diverse range of investment opportunities in real estate and infrastructure for institutional, semi-professional, and private investors. The firm operates through more than 1,000 professionals across 28 offices worldwide, from Europe to Asia, emphasizing a commitment to sustainable and responsible investment practices.
Challenge
PATRIZIA SE faced a significant challenge in optimizing the use of its office spaces, particularly in the city of Augsburg, where multiple office locations resulted in under-utilization and redundant rent obligations. The existing process for assessing office occupancy was manual, slow, and resource-intensive, leading to inefficiencies in facility management and a negative impact on productivity. The need for a streamlined, data-driven approach to manage real estate assets became a priority, especially to align with the company’s sustainability goals.
Solution
To address this challenge, PATRIZIA SE partnered with Basking.io to implement a real-time occupancy analytics solution. This collaboration enabled PATRIZIA to gain comprehensive, actionable insights into office space utilization without the need for significant capital expenditure or invasive hardware installations. Basking’s platform offered a quick setup, leveraging existing Wi-Fi infrastructure to deliver accurate occupancy data that was GDPR-compliant and privacy-focused.
The initial deployment took place in Augsburg, where Basking’s data revealed consistently low occupancy levels across the multiple office locations. This insight allowed PATRIZIA to confidently proceed with consolidating its office spaces into a single location, significantly reducing both operational costs and environmental impact.
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“Basking makes it really easy to just plug and play. It’s fast to get up and running, accurate, and easily customizable. We can track occupancy across all of our buildings from one application and quickly share the data internally and with our suppliers.
This is the basis for the occupancy-driven facility management model we’ve adopted at PATRIZIA to achieve improvements in sustainability and workplace conditions.”
Michael Saugspier
Manager, Procurement & Services – Patrizia
Results
The partnership with Basking.io yielded impressive results for PATRIZIA SE:
- Cost Savings: The office consolidation resulted in substantial financial savings, with a total of €1 million in contract savings and €600,000 recouped annually from reduced rental costs.
- Environmental Impact: By consolidating offices, PATRIZIA SE avoided 143 tons of CO2 emissions, reinforcing its commitment to sustainability.
- Enhanced Workplace Efficiency: Post-consolidation, the company not only improved space utilization but also ensured sufficient capacity for future expansions, all while maintaining a high standard of employee experience.
Conclusion
PATRIZIA SE’s strategic use of Basking.io’s occupancy analytics platform has proven to be a critical enabler in optimizing real estate portfolios and advancing sustainability initiatives. The ability to make informed decisions based on real-time data has set a new standard for efficient and responsible facility management within the company. As PATRIZIA continues to grow, the insights gained from this collaboration will be instrumental in driving future real estate strategies and sustainability efforts.
