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Daily News Egypt
26-05-2025
- Business
- Daily News Egypt
Savills Egypt reports EGP 2.76bn in 2024 tenant sales, cites ESG, retail initiatives
Savills Egypt Property Management reported EGP 2.76bn in tenant sales across its managed portfolio for the year 2024, according to its 'Key Highlights: Property Management' report released on 25 May 2025. The company attributed this performance to its strategic focus on tenant experience, operational efficiency, and sustainability-driven asset enhancement. The firm managed nine major mixed-use properties across Egypt, serving nearly 17 million consumers in 2024. The property management team oversaw 738 tenants, facilitated 120 new store openings, and organised 102 events which collectively attracted more than 1.75 million visitors. Additionally, over 13,000 operational service tickets were resolved. Environmental and resource-saving measures were a core component of Savills Egypt's operations in 2024. At one of Savills' managed properties, 83% of waste was recycled, and water consumption was reduced by 16% through the implementation of flow regulators and automated irrigation systems. Despite a 7% increase in occupancy at this property, electricity usage was reduced by 2% via smart programming and systems integration. The adoption of renewable energy also progressed, with 11.4% of the same property's electricity sourced from solar PV panels. Electric vehicle infrastructure was expanded with the installation of 12 charging stations and two e-mobility docking sites for bicycles and scooters. The introduction of a Building Management System (BMS) in chilled water stations led to reported savings of 9.5% in electricity, 21.3% in gas, and 12% in water compared to 2023 figures. Social impact initiatives included annual charity bazaars and booths, alongside community engagement activities such as recycled art workshops and installations. 'This year's achievements are the result of close collaboration with our clients, tenants, and community partners,' said Corina Stamate, Head of Property Management at Savills Egypt. 'We're proud not just of the sales figures or event footfall, but of how we've embedded sustainability, innovation, and experience into every aspect of our operations. Property management today is about creating destinations people want to be part of.' In 2024, Savills Egypt's managed assets introduced several first-to-market retail concepts. These included Africa's first Chuck E-Cheese, Cairo's first indoor padel facility, and the first branches in Egypt of SSS outlet, a Lotus Car concept store, and a Smart Car showroom, among others. The portfolio also saw the opening of the first Carrefour in the New Administrative Capital and hosted flagship openings for Aubaine London, Daily Dose, and Passionelle, alongside the debut of Kamelizer's co-working space in West Cairo. Savills Egypt also focused on turning its properties into active destinations through large-scale events and entertainment. The LA (Lydia Akram) Market drew over 25,000 visitors, while the Lokamania Bazaar attracted more than 20,000 attendees. Entertainment programming included Rodeo Misr and exclusive premieres of 'The Goats' and 'Beyond the Tank' in partnership with Vodafone. These events, coupled with various activations and marketing campaigns, contributed to attracting the 17 million consumers across its managed properties in 2024. Looking ahead, Savills Egypt stated it remains focused on advancing sustainability, elevating tenant experiences, and expanding its management capabilities. Plans for 2025 include the launch of new service lines within the property management business, the expansion of Savills' portfolio, particularly towards East Cairo, and the introduction ofcorporate and demise services.

Yahoo
15-05-2025
- Business
- Yahoo
ARGAN finalized the refurbishment and extension of a fulfilment centre for GEODIS in Toulouse
ARGAN finalized the refurbishment and extension of a fulfilment centre for GEODIS in Toulouse ARGAN is taking part in the growth of its client-tenant 'GEODIS' with the delivery of an extension of its Bruguières (31) fulfilment centre. On top of extending the total built area to 14,000 sq.m, these works were an opportunity to refurbish the existing building and to thus give an even longer-term perspective to the partnership with GEODIS through a new fixed-term lease of 12 years. Photo credits: ARGAN An innovative project aimed at extending the width of the fulfilment centre GEODIS started its operations in the fulfilment centre of Bruguières in 2003, in the 'Haute-Garonne' French department. The logistics flows of this site are linked to the French-department level platforms of the South-West region. It is thus ideally located for the business of logistics platforms and fulfilment centres, a few kilometres at the North of Toulouse and along the A62 French highway. With an increased business volume, GEODIS was looking for additional surface. ARGAN and GEODIS worked together on an option for an extension of the existing site, leading to an added area of 2,900 sq.m on the fulfilment centre for new spaces. The total surface of the building is now 14,000 sq.m. The shape of the land did not leave room for a traditional extension along the length of the building, this is why ARGAN and GEODIS teams thought of innovative extension plans along the width of the building. This also enabled ongoing full operations of the site during the phase of extension works. Now that works have ended, 157 docks equip a large freight terminal hall whose area has been increased to 12,100 sq.m. Improved environmental footprint of the site The extension of the building was an opportunity to enhance the existing part, including the office bloc of a size of 1,900 sq.m, the road infrastructure, as well as the equipment of the docks. These works also helped strongly reduce the energy footprint of the site, in particular by installing a photovoltaic power station for GEODIS' self-consumption and a Building Management System (BMS). Lastly, metal halide lamps were replaced by smart LED ones dedicated to presence sensing and light intensity monitoring. The delivery of this extension marks the start of a fixed long-term lease of 12 years, thus underlying the strength of the partnership between GEODIS and ARGAN. Ronan Le Lan, Chairman of ARGAN's Executive Board: 'ARGAN conducted this extension while operations on the site were still ongoing with an original approach along the width of the building. This demonstrates our company's willingness and ability to design innovative and tailor-made solutions for our clients to meet their needs and take part to their growth.' 2025 financial calendar (Publication of the press release after closing of the stock exchange) July 1: Net sales of 2nd quarter 2025 July 17: Half-year results 2025 October 1: Net sales of 3rd quarter 2025 2026 financial calendar (Publication of the press release after closing of the stock exchange) January 5: Net sales of 4th quarter 2025 January 22: Annual results 2025 March 26: General Assembly 2026 About ARGAN ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France. Building on a unique customer-centric approach, ARGAN develops PREMIUM and Au0nom® -labelled – i.e., carbon-neutral in use – pre-let warehouses for blue-chip companies, with tailor-made services throughout all project phases from the development milestones to the rental management. As at December 31, 2024, ARGAN represented a portfolio of 3.7 million sq.m, with about a hundred warehouses solely located in the continental area of France. Appraised at a total of €3.9 billion, this portfolio generates a yearly rental income of close to €205 million (yearly rental income based on the portfolio delivered as at Dec. 31, 2024).Profitability, well-mastered debt and sustainability are at the heart of ARGAN's DNA. The financial solidity of the Group's model is notably reflected in its Investment-grade rating (BBB- with a stable outlook) with Standard & Poor's. ARGAN is also deploying a committed ESG policy addressing all its stakeholders. Achievements as part of this roadmap are regularly recognized by third-party agencies such as Sustainalytics (low extra-financial risk), Ethifinance (gold medal) and Ecovadis (silver medal – top 15% amongst rated companies).ARGAN is a listed real estate investment company (French SIIC), on Compartment A of Euronext Paris (ISIN FR0010481960 - ARG) and is included in the Euronext SBF 120, CAC All-Share, EPRA Europe and IEIF SIIC France Francis Albertinelli – CFO Aymar de Germay – General SecretarySamy Bensaid – Head of Investor RelationsPhone: +33 1 47 47 47 40 E-mail: contact@ Marlène Brisset – Media relationsPhone: +33 6 59 42 29 35E-mail: argan@ Attachment 20250515 - Delivery Bruguieres GeodisError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Hans India
14-05-2025
- Business
- Hans India
How IoT is Shaping the Future of Building Management Systems
The increasing focus on energy conservation, operational efficiency, and occupant comfort has ignited a technological revolution in building infrastructure. Leading this change is the integration of the Internet of Things (IoT) into Building Management Systems (BMS). These smart networks are transforming how buildings function, moving from reactive systems to proactive, data-driven environments that adjust in real time to meet evolving needs. As buildings grow smarter and more responsive, the combination of IoT and BMS stands out as a key driver of this advancement. Ashok Kumar Kalyanam, a Subject Matter Expert and Solution Consultant, presents an in-depth exploration of this evolution in his whitepaper titled "Building Management System (BMS): An In-Depth Overview (Understanding BMS, Its Operation, Necessity, and the Role of IoT)". The whitepaper offers a comprehensive overview of how BMS technologies, traditionally reliant on manual inputs, are now using IoT to unlock new levels of automation, efficiency, and adaptability. 'Building Management Systems are no longer just about control, they're about intelligence and insight,' he explains. His work traces the journey of BMS from rudimentary monitoring platforms to sophisticated, interconnected ecosystems. These systems oversee HVAC, lighting, security, and safety components, working in harmony to reduce energy waste, lower operational costs, and elevate user experience. One of the major points of emphasis in the whitepaper is the contribution of IoT towards revolutionizing contemporary BMS. With the incorporation of smart sensors and IoT-based devices, including occupancy sensors, motion sensors, and environmental sensors, BMS platforms can now receive real-time data streams. This real-time feedback loop enables predictive maintenance, adaptive resource utilization, and highly individualized building environments. Kalyanam outlines four core benefits that stem from the convergence of IoT and Building Management Systems. First, energy efficiency is significantly enhanced as automated systems adjust HVAC and lighting based on real-time occupancy and ambient conditions, reducing energy waste while aligning with cost-saving and sustainability goals. Second, predictive maintenance becomes feasible through continuous monitoring, enabling early detection of system anomalies and wear, which minimizes downtime and extends equipment life. Third, operational efficiency is achieved through remote control capabilities and centralized dashboards that allow facility managers to oversee and manage multiple systems simultaneously, resulting in faster response times and refined operations. Lastly, the integration delivers an enhanced user experience by allowing greater personalization;occupants can use mobile interfaces to control lighting, temperature, and other settings to match their preferences, leading to improved comfort and satisfaction. The whitepaper doesn't limit itself to theory. It features real-world case studies from industry leaders like Honeywell, Johnson Controls, and Tridium, showcasing how IoT-powered BMS platforms have been implemented at scale. These companies are using communication protocols such as BACnet, Modbus, and Zigbee to ensure interoperability across devices and systems. The result is a modular, scalable approach to building intelligence that accommodates a wide range of facilities, from office towers to healthcare campuses. Despite the remarkable progress, he carefully acknowledges the challenges that remain. Data privacy, cyber-security, and compatibility across devices present real obstacles. 'As we connect more components, ensuring secure and standardized communication becomes a priority,' he notes. Addressing these challenges will require a combination of robust policy frameworks, advanced encryption protocols, and collaborative industry standards. Looking ahead, the paper forecasts an increased usage of AI and ML tools whereby BMS capabilities can be enhanced. These tools would enable real-time optimization, autonomous fault detection, and even self-healing systems that learn and adapt to usage patterns. In conclusion, Ashok Kumar Kalyanam's whitepaper, "Building Management System (BMS): An In-Depth Overview", is a compelling examination of the transformative role of IoT in modern building systems. Through expert insights, technical frameworks, and practical examples, it illustrates how connected infrastructure is not just a trend, but a foundational pillar for smarter, more sustainable buildings. As the world moves toward greater urbanization and environmental responsibility, IoT-enabled BMS will be instrumental in shaping the future of intelligent living and working spaces.


The Hindu
12-05-2025
- Health
- The Hindu
HLL-HITES preparing report on safety aspects of PMSSY block of Kozhikode MCH
HLL Infratech Services Ltd. (HLL-HITES), a public sector company that functioned as the consultant for the construction of the Surgical Super-speciality, Accident and Emergency Care Block of the Government Medical College Hospital, Kozhikode, is learnt to be preparing a report on the building's safety aspects. This comes in the wake of allegations regarding perceived lapses in construction, following two recent incidents involving suspected electrical failures on May 2 and May 5. A senior HLL-HITES official in Thiruvananthapuram told The Hindu on Monday (May 12) that the report's contents would be shared with the college principal and the district administration. A group of officials from the company had visited the hospital campus last week and held discussions with the authorities. The funds for the construction of the building were allocated under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY). A private company in Kottayam took up the works for HLL-HITES. The Union government spent ₹120 crore, while the State government contributed ₹75.93 crore for the seven-storey building, which was opened on March 4, 2023. There had been allegations that, although the structure was planned to include a Building Management System (BMS) connecting all safety instruments to a common server, it had not yet been made functional. It was pointed out that only the CCTV cameras were connected to the server. Allegedly, if the system had been fully operational, even minor security lapses could have been detected. Reports also suggested that the electrical wing of the Public Works department and the biomedical engineering wing under the Directorate of Medical Education had highlighted lapses in electrical wiring, construction faults, and issues with some of the installed equipment. However, the contractors reportedly stuck to their original plans. Water leakage was reported on one of the floors, and a false ceiling had collapsed once before the building's inauguration. The electrical wing of the PWD may not be in a position to make any alterations to the wiring system, as it is entirely concealed. Meanwhile, the HLL-HITES official dismissed the allegations. He claimed that the building had received all necessary approvals and a no-objection certificate from the authorities. He also added that the BMS was functioning during the two recent incidents, and the water sprinklers connected to it had activated on time.


Misr 5
07-05-2025
- Business
- Misr 5
Maximising Efficiency with Advanced BMS
Achieving operational efficiency is critical to every business's success. One of the key aspects in ensuring optimal energy management within a building is the Building Management System (BMS). Modern BMS technologies are designed to monitor, control, and optimise the performance of various electrical instruments and devices within a facility. It provides a more efficient and sustainable approach to energy usage. Through the strategic incorporation of a robust BMS , businesses can improve both their operational efficiency and cost savings. Understanding the Role of a BMS A Building Management System (BMS) is a computer-based control system installed in buildings that regulates and monitors a building's mechanical and electrical equipment. This includes HVAC systems, lighting, security systems, and more. The goal is to develop a seamless interaction between various systems, allowing for a unified approach to energy consumption and building operations. The latest advancements in BMS technology employ sensors, actuators, and control panels to gather real-time data . This data is then used to make decisions that optimise the building's operations. For instance, by analysing temperature data, a BMS can adjust HVAC settings to ensure energy efficiency while maintaining a comfortable indoor environment. The system's ability to make data-driven decisions is crucial to minimising energy waste and extending the life of electrical equipment. Key Benefits of Deploying an Advanced BMS One of the most significant benefits of implementing a modern BMS is improved energy efficiency. By constantly monitoring and controlling electrical devices like HVAC units, lighting systems, and more, the BMS ensures that energy is used only when necessary. For example, lighting systems can be programmed to switch off when a room is not in use, and HVAC systems can be adjusted based on occupancy levels. This level of control directly reduces energy consumption and associated costs. Operational Cost Reduction By employing real-time data and automating decisions, a BMS significantly reduces the operational costs of maintaining a building. For example, preventive maintenance alerts for electrical equipment can be issued when the system detects irregularities, preventing expensive breakdowns and increasing the lifespan of devices. Additionally, optimising energy usage helps lower utility bills, offering long-term cost savings. Improved Building Performance Modern BMS technologies integrate with other building systems to enhance overall performance. This includes coordinating fire alarms, security systems, and electrical devices, ensuring that all systems work in harmony. For instance, in case of an emergency, the BMS can activate evacuation protocols, adjust lighting, and control entry points for security purposes. This holistic approach improves building safety and performance. A well-implemented BMS not only reduces energy costs but also enhances occupant comfort. By analysing and adjusting factors such as temperature, air quality, and lighting conditions, the system ensures a comfortable indoor environment. With advanced features such as zoning, the BMS allows different areas of a building to have customised settings, optimising both energy usage and occupant satisfaction. Deploying BMS for Sustainability As businesses increasingly focus on sustainability, the role of BMS becomes even more critical. Through the efficient use of resources, advanced BMS technologies contribute to lowering the carbon footprint of a building. This is achieved by minimising energy consumption and ensuring optimal performance of all electrical devices. In this way, BMS not only improves operational efficiency but also helps businesses meet their environmental goals. Benefits of Partnering with Reputable Energy Brands To fully harness the benefits of a BMS, partnering with reputable energy brands is essential. These brands specialise in advanced electrical equipment, offering expertise in design, installation, and integration to ensure peak BMS performance. Their reliability ensures long-term support and maintenance, keeping systems running smoothly. Certified, high-quality electrical devices from established brands comply with industry standards and seamlessly integrate with BMS technologies, enhancing efficiency and reducing the risk of malfunctions. By collaborating with trusted energy providers, businesses ensure optimal performance, sustainability, and cost-effectiveness, making BMS investment a major factor in achieving operational efficiency and reducing environmental impact.