Challenge:
Optimising Performance in a Complex Office Portfolio
Managing a portfolio of office buildings presents constant challenges: balancing tenant comfort with operational efficiency, achieving strong sustainability credentials, and maintaining cost control in a competitive market. For Centuria’s office portfolio, these challenges were amplified by several factors:
Incomplete Building Commissioning
When Centuria acquired 2-4 Graham Street – a modern, campus-style office building with integrated tenancies across multiple floors – the building hadn’t been fully commissioned despite being 10 years old. Plant equipment hadn’t been properly set up, and critical elements were missing for achieving the performance standards Centuria needed. What initially appeared to be straightforward equipment issues revealed deeper systemic problems requiring comprehensive commissioning work.
Contractor Management and Process Improvement
Building performance improvements were being identified, but follow-through varied without clear processes and defined ownership. Issues would be flagged during audits or reviews, but the path from identification to resolution wasn’t always straightforward, making it difficult to maintain consistent system efficiency across the portfolio.
Leading in a Competitive Market
Auckland’s office market demands excellence in building performance and sustainability credentials. For Centuria, one of the largest Australasian managers of real estate investment, maximising operational efficiency, maintaining high tenant satisfaction, and achieving market-leading NABERSNZ ratings is essential.
Action
To address these challenges, Centuria partnered with BraveGen in 2023 to implement a Building Optimisation programme combining advanced monitoring technology with ongoing expert consulting services:
- Accelerated Data-Driven Action: Deployed real-time energy monitoring across all buildings, enabling rapid implementation and faster identification of consumption patterns and savings opportunities.
- Unlocked Targeted Energy Savings: Leveraged BraveGen’s analytics and CLIVE AI alerts to detect baseline shifts and inefficiencies, driving targeted interventions that reduced unnecessary energy use.
- Boosted System Efficiency: Conducted monthly BMS reviews and optimisation, resolving equipment and scheduling issues to improve building stability and deliver measurable operational improvements.
- Closed Performance Gaps: Increased issue closure rates from just 4% to 100% at one site within six months, ensuring problems were solved swiftly and performance improved.
- Achieved Verified Sustainability Gains: Supported successful NABERSNZ certifications and delivered transparent reporting, giving owners and managers clear evidence of efficiency and sustainability progress.
Impact
The sustained partnership between Centuria and BraveGen has delivered significant, measurable results:
- Delivered Major Cost Savings: Achieved $194,000 in annual energy cost reductions portfolio-wide, providing Centuria with concrete value to present during lease negotiations.
- Transformed Operational Performance: Identified and resolved 1,019 out of 1,093 building issues—a 93% closure rate—shifting operations from reactive to proactive optimisation.
- Secured Top Sustainability Ratings: Attained and maintained 5-star NABERSNZ ratings across all buildings, including 2-4 Graham Street and 33 Broadway, with 96 St Georges Bay Road tracking toward 5.5 stars by 2026.
- Enhanced Tenant Retention and Experience: Delivered more comfortable, cohesive environments—especially for complex sites like 2–4 Graham Street- leading to higher tenant satisfaction and retention through consistent comfort and reduced costs.
- Built Lasting Capability and Culture: Elevated Centuria’s in-house expertise in building performance, strengthened participation in sustainability initiatives, and fostered ongoing continuous improvement through transparent reporting and diligent oversight.
In their own words
Centuria
“We engaged BraveGen to help optimize our building performance, and they’ve significantly over-delivered. Their hands-on expertise and deep technical knowledge of our assets, combined with their AI-powered monitoring, has unlocked value we didn’t expect.”
Maddy Morey
Asset Manager
Bayleys
“Working with BraveGen has improved how we manage these buildings and delivered great results. They’ve helped us shift from reactive to proactive management driven by data, visibility, and accountability. Through system monitoring, BMS audits, and direct contractor engagement, they give us the expertise we need in what’s otherwise a very complex environment.”
Dean Davies
Senior Property Manager



