Siemens, a global leading technology company in infrastructure, mobility and industry, has partnered with PRODEA Investments, the leading real estate investment company in Greece and one of the largest in Southeast Europe, for the implementation of Building X, a Siemens digital building platform. The partnership seeks to accelerate PRODEA Investments’ digital transformation and reduce the carbon footprint of existing and under development building assets across its real estate portfolio in Greece, as well as to offer added value services to its tenants. Building X, from Siemens Smart Infrastructure, is a scalable platform to digitalize, manage, and optimize building operations, allowing for enhanced user experience, increased performance, and improved sustainability. It is part of Siemens Xcelerator, the company’s digital business platform, enabling customers to accelerate their digital transformation easier, faster and at scale.
The two companies signed a Strategic Cooperation Agreement, which starts with a pilot implementation of Building X that includes the connection of two PRODEA Investments’ properties in Athens; their headquarters and Ilida Building, where Siemens Greece headquarters are located. PRODEA Investments’ goal is to proceed to the gradual connection of the big office buildings of its portfolio, as well as buildings for different use, such as logistics centers and hotels. Building X can be implemented in buildings of various sizes and connectivity requirements.
Dr. Aris Karytinos, CEO of PRODEA Investments, stated: “PRODEA Investments is dynamically entering the era of the 4th Industrial Revolution by leveraging the high expertise of Siemens. It incorporates innovation while serving its strategy for more sustainable and user-centered buildings. This collaboration leverages technology as an accelerator of sustainability. It is a step that will contribute overall to the development of high -tech investments in the field of real estate.”
“We are delighted to embark on this partnership and co-creation with PRODEA Investments to accelerate their digital transformation with Building X. Siemens’ capabilities of connecting the real and digital worlds makes it a strong partner for companies looking to get the most out of their physical assets while addressing their decarbonization goals. We’re looking forward to close collaboration at the facility and engineering levels between PRODEA Investments and Siemens, with the goal to ensure reduced energy consumption, sustainability and lower total cost of ownership for buildings, while improving portfolio valuation for PRODEA Investments,” said Rahul Chillar, Head of Building X at Siemens Smart Infrastructure.
Building X is a modular, fully cloud-based open platform, with AI-enabled applications, strong connectivity, and built-in cybersecurity, offers a seamless experience across all applications such as energy management, security and building operations. Through Building X, PRODEA Investments will be able to make decisions about the energy management of its building portfolio based on real data analytics. Building X will help the company achieve its sustainability goals for its buildings as well as providing additional innovative services to its tenants, while maintaining high safety standards. The use of Artificial Intelligence as part of the Building X platform will enable PRODEA Investments to identify areas of energy overconsumption and accurately predict the energy performance of its buildings based on live usage data.
