NB Real Estate
General M&E services including: BMS; hot water & HVAC; lighting; CarbonCare energy management; energy bureau services; special projects; design and build CHP installations.
What was our client looking for?
NB Real Estate and AXA Real Estate Investment Managers operate the Fund and Property Management for The Co–operative Insurance Society( CIS) with a total portfolio representing £2.5bn of property assets. We carry out services at 18 commercial buildings spanning almost a million sq. ft. NB required a specialist partner to deliver technical facilities management and energy services, to satisfy CIS’s requirement for a sustainable approach to the management of their buildings, in line with their Corporate Social Responsibility (CSR) objectives. NB Real Estate manages the entire portfolio within the scope of theISO14001 environmental management standard, with targets and KPI measurements linked directly to the CSR objectives.
How did we help?
Energy and sustainability KPI’s were targeted through a dynamic shared-savings CarbonCare business model that encourages a perpetual drive for on-going savings. Over the term of the 9-year contract (from 2007) MITIE is committed to a goal of year-on-year energy reduction – currently the target being 10%. The unique aspect of the contract is that those involved in running the building, plus the tenants, actually have a stake in the ability to reduce energy consumption and benefit from the savings generated. The contract operates on a unique transparent open book approach. NB Real Estate receives just four bills a year from MITIE based on the property schedule, covering all the M&E services, energy costs (gas and electricity) and a special contingency fund – all against an agreed margin. The contingency fund allows MITIE to cover the cost of replacement and plant upgrades as a matter of course, with no surprise costs for NB Real Estate.
Financial savings from energy management delivered in excess of 10% on two consecutive years
£110,000 saving on £1.1m energy bill in year one and £145,000 in year two – fed back into lower service charges for tenants
The equivalent of 719 tonnes of CO2 savings in year one and 1,428 tonnes in year two
Successful on–time delivery of PPM works, exceeding 95% every month and regularly delivered at 100%