Monitor Hut’s Solution at the Heart of Improved GRESB Ratings for Cording Residential

Cording Residential, owned by Edmond de Rothschild Real Estate Investment Management (EdR REIM), focuses on managing and funding residential properties with a strong commitment to affordable housing and sustainable investment strategies.

Client challenge

  • Make our energy tracking efficient and less time consuming
  • Eliminate manual readings and reviewing of multiple energy bills
  • Help us optimise energy management with complete energy consumption data an in easy format

The Importance of GRESB

GRESB (Global Real Estate Sustainability Benchmark) is crucial to Cording Residential as it helps benchmark and improve sustainability performance, attract investment, ensure regulatory compliance, enhance cost efficiency, differentiate from competitors, engage stakeholders, and inform strategic planning. High GRESB scores demonstrate Cording Residential’s commitment to sustainability, making its properties more attractive to investors and enhancing overall operational effectiveness.

Challenges Before Monitor Hut

Before implementing Monitor Hut’s remote energy monitoring solution, Cording Residential faced inefficient and time-consuming methods for tracking energy consumption. Reliance on manual readings by property managers and energy bills from providers resulted in incomplete and delayed data, hindering effective energy management and optimisation.

Transformation with Monitor Hut

Monitor Hut’s solution revolutionised Cording Residential’s energy management. Key factors for selecting Monitor Hut included the approachable nature of Monitor Hut’s Technical Director, James, who quickly understood Cording Residential’s requirements, and the logical, sensible solutions offered. The combination of personalised service and practical technology made Monitor Hut the preferred choice.

Client’s top likes with Monitor Hut

  1. Real-Time Data Accessibility The user-friendly dashboard provides real-time, accurate data that supports easy export and multi-asset viewing, streamlining energy management operations.
  2. Enhanced GRESB Reporting The data generated by Monitor Hut’s sensors has been pivotal for Cording Residential’s GRESB submissions. The completeness and accuracy of the data are expected to improve their GRESB rating, showcasing the solution’s tangible benefits.
  3. Superior Customer Service Monitor Hut’s exceptional customer service and data presentation stand out. Availability and quick responses have ensured a smooth implementation process and ongoing support.
  4. Reliability and Consistency The system’s reliability has instilled confidence in Cording Residential’s energy management practices, ensuring consistent and comprehensive data reporting.

Unexpected Advantages

An unexpected benefit has been Monitor Hut’s ability to interpret data from other companies’ sensors, ensuring a consistent history of data reporting. This flexibility has proven invaluable in maintaining a comprehensive view of energy consumption across all assets.

Looking Ahead

Cording Residential envisions a continued partnership with Monitor Hut for all their energy monitoring needs. They also see potential collaboration during the design stages of new schemes to ensure compatible interfacing capabilities from the outset.

The implementation of Monitor Hut’s remote energy monitoring solution has helped transform Cording Residential’s approach to energy consumption. With improved data accessibility, exceptional support, and reliable performance, Cording Residential is well-equipped to achieve its sustainability goals and optimise energy usage across their assets. The personable service provided by Monitor Hut sets it apart from other providers, making it an invaluable partner in Cording Residential’s energy management strategy.