Monday, July 6, 2020
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Union Investment converts office portfolio in Poland to green electricity

Westbridge Advisory International AG, the international entity of operating cost optimizer Westbridge Advisory, has converted a portfolio of six landmark office buildings for Union Investment in Poland to green electricity. By bundling the entire supply with a single utility and the switch of the entire portfolio to green electricity, it was possible to reduce CO2-emissions by roughly 7,600 tons. The properties, located in Warsaw, Wroclaw and Poznan, have a total rental area of around 155,000 sqm and an aggregated annual electricity consumption of 25-gigawatt hours.

Hajo Engelke of Westbridge International commented: “Due to the traditionally high share of coal-fired electricity generation in Poland, the CO2-reduction within this mandate is massive and a real contribution to climate protection.” On top of this, future electricity costs have been reduced by eight percent, saving several hundred thousand Euros.”

Tim Greiser from Strategic Purchasing at Union Investment, added: “As one of the largest real estate owners in Europe, we are committed to contributing significantly to the sustainable operation of our buildings. Wherever possible, we reduce energy consumption and switch to a green electricity supply. Our tenants also see this in a positive light and support us in our efforts.”

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