B Grade Office Building – Sydney CBD
What We Do
Over time buildings gain a layer of inefficiency through changes in operations, scheduling and personnel.
The operational inefficiency impacts the building and the bottom line through increases in energy consumption and maintenance costs which has a negative impact on the life expectancy of plant and equipment and potentially bringing forward capital expenditure.
Our Building Efficiency audits are designed to eliminate these inefficiencies and identify simple ways to enhance performance.
The audits target energy consumption occurring outside normal business hours to deliver year-round savings through operational efficiency opportunities that won’t impact tenant comfort.
How We Do It
PDD were engaged to carry out a Building Efficiency Audit on a newly refurbished B Grade office asset located in the Sydney CBD, NSW. Once access was provided to the energy data platform, load profiles were established which provided an understanding of the building’s energy consumption and usage pattern.
The audit quickly identified there were anomalies when reviewing the billing and usage data in conjunction with the completion of the after-hours onsite efficiency audit. It was discovered that there was an unknown consumption being billed to the asset which could not be physically located. The load profile showed a demand (kW) at the same time each day 7 days a week, 365 days per year, much like a streetlight load profile would appear.
The recent refurbishment project included an upgrade to the main switchboard in November 2020 and the substation supply to the building had been shut down during a 10-week period to complete the works. The unknown load was continually being billed to the asset during this time even though the building supply was shutdown.
Findings
Investigations and numerous discussions with the local network provider found the load was not in fact for the building but for lights associated with the network providers maintenance facilities, not located at the building.
The load and its associated costs had formed part of the buildings operating expenditure for the period from July 2019 to December 2021 and equated to $113,733.44.
Outcome
Ownership of the load was transferred from the landlord back to the network provider.
Financial Results
- Financial year savings circa $93,000
- Outgoing’s reduction of $5.06/m 2
- Potential NABERS Energy rating increase of 0.5 Stars from 4.0 Stars – 4.5 Stars
- Potential property valuation uplift of $2.3 million (based on a 4.0% Capitalisation rate)
We connect, collaborate and create the future of property.
Contact us today: www.pddam.com.au
Building Efficiency Audit – Case Study
B Grade Office Building – Sydney CBD
What We Do
Over time buildings gain a layer of inefficiency through changes in operations, scheduling and personnel.
The operational inefficiency impacts the building and the bottom line through increases in energy consumption and maintenance costs which has a negative impact on the life expectancy of plant and equipment and potentially bringing forward capital expenditure.
Our Building Efficiency audits are designed to eliminate these inefficiencies and identify simple ways to enhance performance.
The audits target energy consumption occurring outside normal business hours to deliver year-round savings through operational efficiency opportunities that won’t impact tenant comfort.
How We Do It
PDD were engaged to carry out a Building Efficiency Audit on a newly refurbished B Grade office asset located in the Sydney CBD, NSW. Once access was provided to the energy data platform, load profiles were established which provided an understanding of the building’s energy consumption and usage pattern.
The audit quickly identified there were anomalies when reviewing the billing and usage data in conjunction with the completion of the after-hours onsite efficiency audit. It was discovered that there was an unknown consumption being billed to the asset which could not be physically located. The load profile showed a demand (kW) at the same time each day 7 days a week, 365 days per year, much like a streetlight load profile would appear.
The recent refurbishment project included an upgrade to the main switchboard in November 2020 and the substation supply to the building had been shut down during a 10-week period to complete the works. The unknown load was continually being billed to the asset during this time even though the building supply was shutdown.
Findings
Investigations and numerous discussions with the local network provider found the load was not in fact for the building but for lights associated with the network providers maintenance facilities, not located at the building.
The load and its associated costs had formed part of the buildings operating expenditure for the period from July 2019 to December 2021 and equated to $113,733.44.
Outcome
Ownership of the load was transferred from the landlord back to the network provider.
Financial Results
We connect, collaborate and create the future of property.
Contact us today: www.pddam.com.au