News 25.10.2024
PAUL Net Zero: PAUL Tech and ZAR Real Estate sign partnership agreement
Marc Pion
PAUL Tech AG and ZAR Real Estate announced a pioneering partnership at EXPO REAL 2024. As part of this partnership, the two companies will jointly present the PAUL Net Zero innovation developed by PAUL Tech: a revolutionary solution that, unlike the usual approaches to CO₂ reduction, makes existing properties CO₂-neutral with minimized CapEx. The collaboration between PAUL Tech and ZAR Real Estate brings together two strong partners who harmonize perfectly due to their different focuses.
PAUL Tech: from PropTech company to heat supplier
PAUL Tech AG specializes in innovative solutions for CO₂ reduction in existing properties and relies on intelligent combinations of heat pumps, photovoltaics and AI-controlled heating. These technologies make it possible to make buildings CO₂-neutral with minimized CapEx. The focus is on the renovation and decarbonization of real estate portfolios. Particularly important for investors and owners: PAUL Net Zero minimizes CapEx, avoids stranded assets and improves the energy efficiency of buildings by up to 5 classes.
PAUL Net Zero offers a clear win-win situation for property owners and tenants. With minimized CapEx, investors and owners can make their buildings climate-neutral, while tenants benefit from lower energy costs and long-term planning security. Compared to expensive infrastructure solutions such as district heating or hydrogen gas, PAUL focuses on decentralized approaches that enable a cost-efficient heat transition. The more these solutions are implemented, the more sustainable and cost-effective the transition to a climate-neutral future will be. At the same time, a decisive contribution is made to the decarbonization of the real estate sector.
Sascha Müller, CEO PAUL Tech AG
ZAR Real Estate: Developing sustainable value
ZAR Real Estate, in turn, brings extensive expertise in the development and management of existing properties and specializes in maximizing real estate values through sustainable investments. ZAR pursues a sustainable approach in order to create long-term value. Through strategic investments and partnerships such as with PAUL Tech, CO₂ reduction is integrated into the real estate portfolio as a key objective.
Net Zero Properties aims to significantly increase the energy efficiency of existing properties in order to achieve carbon neutrality within two to three years. This will make a significant contribution to meeting ESG targets. After reviewing various market options that proved too costly or lengthy, PAUL was selected as the ideal partner. PAUL's concept of reducing energy consumption through heat pumps and solar technology - while minimizing CapEx - convinced Net Zero Properties and led to the joint partnership.
Martin Hofmann, CEO of ZAR Real Estate Holding GmbH & Co. KG, which has been mandated by Net Zero Properties S.A. as exclusive investment advisor
As part of the partnership, PAUL Net Zero is already earmarked for 11,000 residential units. PAUL expects the joint venture between PAUL Tech AG and Net Zero Properties S.A. to receive orders for a total of around 40,000 residential units within the next 24 months.
PAUL Net Zero
PAUL Net Zero is based on the AI-supported heating control system from PAUL Performance and makes properties energy self-sufficient with the help of heat pumps and photovoltaic systems. The coordinated use of high-performance heat pumps and photovoltaic systems controls the property's entire heating system and makes it permanently CO₂-neutral. CapEx is minimized and PAUL takes care of the planning as well as subsequent maintenance and optimization.
PAUL Tech and ZAR Real Estate are shaping the future of the real estate industry
The cooperation between PAUL Tech and ZAR Real Estate is a pioneering project that shows how innovative technologies for CO₂ reduction can also be used economically in existing buildings. PAUL Net Zero is an example of a forward-looking solution that responds to the urgent requirements of the real estate industry while combining climate protection and profitability.
This partnership sends a strong signal for the future of the real estate industry: sustainability, technological innovation and value enhancement go hand in hand.
From left: Sascha Müller (CEO PAUL Tech) and Martin Hofmann (CEO ZAR Real Estate) at EXPO REAL 2024