CBRE has made a strategic investment in San Francisco-based energy services firm Redaptive.
Redaptive finances and manages building efficiency projects, recovering costs from savings delivered.
The service’s solutions allow for the implementation of projects in a risk-mitigated manner, leveraging third-party technology and installation partners.
“Redaptive offers a new and compelling service for CBRE clients,” said Matt Werner, global president, facilities management who will join the Redaptive board of directors, representing CBRE and other external investors.
“CBRE’s strategic partnership and investment will enable Redaptive to expand its capacity into more portfolios worldwide, while helping our clients reduce costs and improve sustainability.”
“Every one of our client portfolios has latent energy inefficiencies, presenting an opportunity for improvement,” adds John Hagen, CBRE’s managing director, energy and sustainability.
“The challenge for many of our clients is securing capital and project resources to implement energy conservation measures when their organisation has so many other priorities.
“We are excited to support Redaptive and bring forward a compelling option for our clients.”
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