Sonar Real Estate partners with MeteoViva to decarbonise "THE SQUAIRE" in Frankfurt

Frankfurt/Jülich, 5. September 2023 — MeteoViva had previously carried out a detailed feasibility study to examine the operation of the building services technology for potential savings. Based on its conclusions, at least 400 tonnes of CO2 emissions annually, i.e. 14% of the current emissions, can be averted. What's more, improved energy use could save around 20% of energy costs.

In order to put this into practice, "MeteoViva Climate" technology is now in operation. Based on smart data and the use of a thermodynamic model, heating, air-conditioning and ventilation performance is being coordinated, in order to create the required indoor climate in each individual area of the building. This means that "THE SQUAIRE" is predictively controlled. MeteoViva Climate is manufacturer-independent and can be connected to the existing automation system via a data interface. It works across technologies, can be implemented while the building is in operation and adapts to changes in the building and technical developments.

Holger Hosang, Managing Partner and Co-Head Transaction and Asset Management at Sonar, explains:

Through environmentally-conscious asset management of the properties we manage, we are making an important contribution to advancing the transformation of the real estate industry towards more sustainability. Naturally this also applies to 'THE SQUAIRE'. To this end, we are always on the lookout for suitable partners who can successfully implement our ambitious decarbonisation strategy. The feasibility study shows that, with its proposed solutions, MeteoViva can support us efficiently.

"THE SQUAIRE", with its total lettable area of around 140,000 square metres, ranks as the largest commercial property in Germany. It houses offices, shops, hotels and event venues, all areas with different functions and spatial-climatic requirements. The 660-metre-long, up to 65-metre-wide and 45-metre-high building is almost completely enclosed by glazed façades that create additional energy challenges.

The MeteoViva Climate model is ideally suited to properties with such a high degree of complexity

, explains Uwe Grossmann, Managing Director of MeteoViva.

This fully-automated solution for optimising building operations is already being used in over 250 properties worldwide, including large office buildings, shopping centres and airports. Its implementation in 'THE SQUAIRE' once again underlines our role as a market-leading provider of intelligent data in building control

, continues Grossmann.

About Sonar Real Estate
Sonar Real Estate GmbH, based in Hamburg, is an owner-managed real estate company for investment, asset management and, through Sonar Development GmbH, for project developments and revitalisations with headquarters in Hamburg. The target groups are German and foreign investors seeking an enterprising local partner in Germany and, if required, a co-investor, with a primary focus on Value-Add and opportunistic investments. The existing business of club deals and individual instructions from German institutional investors in regulated vehicles will also be further expanded. Sonar Real Estate, which as well as Hamburg is represented in Berlin, Dusseldorf, Frankfurt and Munich, currently has EUR 3.3 bn of assets under management. www.sonar-re.com

MeteoViva GmbH
MeteoViva Climate is a development of the Jülich-based technology company MeteoViva GmbH: the forward-looking solution enables smart building and energy management and already has more than 7 million operating hours of experience with its customers worldwide. The self-learning model-based method works predictively to significantly reduce operating and energy costs as well as CO₂ emissions, which makes it the optimal partner for owners, facility managers and users of commercial building portfolios. MeteoViva GmbH is certified according to ISO 27001. It has its headquarters in Jülich (Germany) and companies in Switzerland, the Netherlands and the USA.

For further information please contact:

MeteoViva GmbH
Katja Korehnke
Corporate Communications
E-Mail: presse@meteoviva.com