17 September 2024
FLE Reduces Energy Costs by Over 500,000 Euros Through Optimized Energy Procurement
FLE has successfully restructured the energy procurement for its Polish real estate portfolio in collaboration with Westbridge Advisory International AG, the European arm of the leading ESG specialist Westbridge. The properties, which are commercially used and fully supplied with green electricity, are located in Wroclaw, Krakow, Szczecin, and Warsaw.
The portfolio comprises seven properties with a total usable area of 85,000 m² and will be supplied by a new energy provider, selected through a tender process, starting in 2025. The total electricity consumption amounts to approximately 8.7 million kWh, with the new supplier being ESV S.A. from Tschechnitz. Thanks to Westbridge’s consulting services, FLE is able to reduce electricity costs for its tenants by around 530,000 euros annually.
“For us, optimizing operating costs is a crucial factor in ensuring the long-term success of our investments. By managing costs efficiently, we not only maximize returns for our investors but also reduce environmental impact, thereby increasing the value of our properties,” explains Bernadett Pauer, Head of Asset Management at FLE.
Westbridge has been supporting FLE since 2016, successfully implementing several projects, particularly in the areas of energy procurement, smart metering, and ESG consulting in Germany, Austria, Hungary, and Poland. This latest project once again highlights the successful partnership, providing FLE with both cost savings and sustainability benefits.
Currently, FLE manages assets worth approximately 1.1 billion euros in DACH and CEE.
About FLE / LFPI
FLE GmbH is based in Vienna and part of the French LFPI group. LFPI is an independent international multi asset manager with approximately EUR 28 billion of assets under management. FLE GmbH is LFPI’s regional asset manager for real estate investments into DACH and CEE as well as forest investments in Europe.
For questions please contact:
Ms. Enikö Szivek
Assistant to the management
+43 1 532 02 11 20
eniko.szivek@fle.co.at
FLE GmbH
Palais Kinsky
Freyung 4/12, 1010 Wien, Österreich
office@fle.co.at
Tel.: +43 1 53202110