CIM expands partnership with GPT to improve sustainability and efficiency

August 2, 2023

CIM, the global leading provider of building analytics software which enables real estate owners to improve financial performance and accelerate their journey to net zero, has expanded its partnership with The GPT Group. CIM will deploy its innovative PEAK Platform across an additional 13 of GPT’s premium-grade office buildings, covering close to 570,000 sqm of real estate.

Following the expansion, CIM's partnership with GPT now spans 22 assets and more than 1.3 million sqm of GPT’s commercial real estate portfolio across Victoria, Queensland, NSW and WA. Among the 13 new sites are some of Australia's most high-profile, iconic and sustainable office buildings including 111 Eagle Street (Brisbane), Melbourne Central Tower (Melbourne), 530 Collins Street (Melbourne) and 580 George Street (Sydney).

GPT’s long-standing and successful partnership with CIM had previously focused primarily on their retail portfolio with the PEAK Platform operational across 9 of GPT’s shopping centres, totalling more than 760,000 sqm, and GPT has now entrusted CIM as their analytics partner across a broadened portfolio of both office and retail assets. 

Scott Crellin, National Director of Group Property Operations at GPT, said,

“GPT is committed to climate action and biodiversity protection through the delivery of carbon neutral outcomes, including the reduction in energy consumption and greenhouse gas emissions from our buildings. We are proud to be playing our part in the global energy transition and the shift to a low-carbon economy, which results in better environmental outcomes for the communities in which we operate. Our expanded partnership with CIM enables us to leverage advanced analytics to maintain the highest levels of performance, efficiency, and collaboration possible.”

David Walsh, CEO and Founder of CIM, added,

"GPT is a globally recognised leader in sustainability, managing a vast portfolio of premium highly-rated assets. We look forward to continuing our partnership to further empower GPT to improve environmental outcomes, optimise operations, and supercharge a collaborative workflow. We are excited by the opportunity to grow one of our longest standing partnerships, as we collaborate to deliver value across some of Australia’s most prominent retail and office assets.”

CIM’s PEAK Platform harnesses artificial intelligence to continuously monitor and provide immediate insights into a commercial building's operational performance. It detects and facilitates the prompt resolution of faults and inefficiencies in large plant and equipment significantly improving financial performance, reducing climate impact and enabling a superior customer experience.

About CIM

CIM delivers innovative building analytics software that helps run large buildings at their peak performance. The PEAK Platform, their award-winning SaaS solution integrates building intelligence and machine learning to improve efficiency, sustainability and comfort across property portfolios. CIM’s customers include large real estate investment trusts, superannuation funds, governments, major cultural institutions and property portfolio owners and operators across the UK, Europe and Asia Pacific. CIM has been recognised in the Financial Times High-Growth Companies Asia-Pacific ranking for two consecutive years, the Australian Financial Review’s Sustainability Leaders List and Fast 100 growth companies, Climate Tech Impact Award at the Climate Tech Festival, and Telstra Business Awards (NSW) for embracing innovation.

About The GPT Group

GPT is a vertically integrated diversified property group that owns and actively manages a $32.4 billion portfolio of high quality Australian office, logistics and retail assets. The Group leverages its real estate management platform to enhance returns through property development and funds management. GPT actively considers and addresses environmental, social and governance (ESG) risks and opportunities in our business practices and activities to create value over the long term.

Image: 111 Eagle Street, Brisbane