As smart buildings get smarter and demand for them increases, investors are getting savvier about new solutions they can harness to make their assets work more efficiently, enhance occupant experience and better appeal to tenants.
Digitalising assets and embracing technology go beyond mere energy savings; it also translates into improving building performance, reducing operational risks, and leads to more accurate capital planning. Real estate firms are launching cutting-edge technology and innovations to help owners and investors better manage their spaces.
Command and control
“Investors care about getting the most out of the assets they own and the space tenants occupy,” says Albert Ovidi, Chief Operating Officer of JLL Asia Pacific. “This is why we’re investing in technology and platforms to make sure we are best placed to ensure that assets are working hard for investors.”
The JLL Command Centre is one such technology. It combines advanced analytics and operational knowledge, for real time and remote monitoring of buildings around the clock. “Through reading and analysing a series of sensors, it obtains data while identifying trends and anomalies about the building for continuous fine-tuning to ensure optimisation of operations and cost control”, says Peter Hilderson, Head of the firm’s Engineering and Operations Solutions in Asia Pacific.
“The JLL Command Centre is particularly helpful for those who own or manage large real estate portfolios because owners or managers can compare across their buildings and improve those that are not operating at their best,” explains Ovidi. “Owners of un-manned buildings would also benefit greatly as they get to access all this data via Wi-Fi sensors without the need for a building management system.”
“Such building technologies would prove essential in certain sectors as issues can be addressed before they become complaints, problems or failures,” says Hilderson.
For instance at a retail mall, the JLL Command Centre detects water in the electrical switch room in the basement and an alert is raised. This helps technicians quickly fix a pipe leakage, avoiding electrical issues, property damage and disruptions to business.
For clients who operate data centres, the JLL Command Centre sends a notification when the building is overheating, preventing malfunctioning of the computer servers, which could result in a major loss of data and damage to a client’s business operations.
An office building registers higher than comfortable temperatures in certain areas. Wi-Fi sensors detect a fault in the air conditioning system enabling a technician to rectify the problem, minimising disruption with no loss of productivity to occupiers.
Maximising value, planning ahead
More than just problem-solving, such innovations assist owners by pinpointing where they can derive the most value and assisting with capital planning.
“Capital planning presents challenges to any building owner or investor – an overspend is inconvenient and impacts the bottom line; an underspend is equally problematic because it means funds are not invested back into the business,” says Ovidi. “The JLL Command Centre analyses data and trends across your portfolio helping you identify where capital works should be focused. By continuously monitoring equipment performance over time, we can identify whether it is more beneficial to replace or repair. “
Click here to learn more about The JLL Command Centre