“The reduction in running costs through the adoption of Utopi across the Harrison Street portfolio is being recognised by the investment market and validated within CBRE's valuation.”Yin Yeung, Senior Director (CBRE | Valuation & Advisory Services)
Between 2022 and 2023, Harrison Street Real Estate rolled-out Utopi to 8,542 PBSA beds across the UK, Ireland and Spain as part of their innovative ESG strategy. The mission, to improve energy and carbon savings.
Within 2 weeks for some assets, real-time, granular data on ESG performance and energy consumption was being collected allowing for action. Seeing one asset alone reduce their carbon emissions by 68,311kg… see the full case study below, including CBRE validating a 9x return on investment and a 15% energy saving with the support of DLC Europe.
““Rolling out Utopi always made sense as it not only supported our wider ESG strategy, but we could see the real value in the data they could get us. This valuation is a sign of this powerful partnership and our belief in the original idea, to decarbonise the real estate sector.””Krishan Basra, Vice President (Harrison Street Real Estate)