While urbanisation in Australia accelerates and tenancy demands continue to increase, essential services have not impressed but that’s all about to change.
Capital cities across Australia are becoming more compact, densely populated places to live and this trend looks set to continue as new inner urban vertical living spaces are planned and developed to support urbanisation.
It’s directly influencing the types of properties and the affordability, aesthetics, amenities and services of those properties that populations prefer to occupy, driving Australia’s high growth in apartment living, retail and commercial hubs and learning centres.
This is evidenced by the rate of population growth, migration and new property developments despite economic conditions, capital constraints and lending complexity.
Urbanisation is also driving increased environmentally sustainable design, renewables, gigabit fibre, proptech, AI, IoT sensing and automation for more efficient and smarter properties for smart cities.
The City of Melbourne and City of Sydney respectively rank eight and 31 in the world’s top 50 smart cities. The 4th Industrial Revolution is clearly upon us to deliver smarter properties and accommodate urban tenancy and their increasing expectations.
While new property developments are accelerating to support urbanisation, existing properties in capital cities that represent the overwhelming property inventory majority need to be considered as there are clear pathways and options available to enable these properties to make the transition.
With numerous urban property types and tenancy choices, the most marketable, saleable and inhabitable properties are the new emerging smart urban properties that harmonise affordability, aesthetics and a range of diverse amenities and services akin to hotel residences and university campuses dependent upon the tenancy demographic of an increasingly modernising population.
Meaning far more amenities and services, and far more that’s on demand. Amenities do mean pools, saunas, gyms but they also mean lounges, espresso bars, yoga studios, bicycle valets, car-charging stations and in-building retailers, and high tech amenities meaning smart devices and uninterrupted connectivity, but also personal services that include spin classes, fully staffed front desks, resident concierge, pet runs and much more.
The smart urban property also needs to foster safe and sustainable communities. With expectations already high in 2019, wait to see what's in store for 2020. When property aesthetics, amenities and services increase, so too does the essential services demand.
The smart urbanised property must contemplate this increased essential services demand and supply them reliably and above all, most affordably and sustainably.
“ If you intimately understand how energy markets operate and are governed, you can leverage their benefit through private, embedded and distributed networks”James Dunstan, b.energy Chairman
The pathway to optimise supply and demand is a new essential services category that comprises of electricity, gas, water and internet, that we at b.energy refer to as the Core 4 that are designed, funded and delivered throughout smart urban property construction, operations and management.
Traditional procurement pathways for multiple essential services are no longer viable to meet smart urban properties and tenancy expectations.
Importantly for property owners and managers, urbanised smart properties have to be enabled to operate most efficiently and effectively through least cost Core 4 essential services, holistic prop tech for building and facilities management and lifestyle engagement platforms for communities that are now all intrinsically connected.
With accelerating urbanisation and tenancy expectations increasing, what matters most in urban vertical living? Affordability, aesthetics, amenities and services. It’s a function of more for less.
The catalyst for property owners, developers and managers is in the collaboration and partnership with the next generation of essential service providers that can navigate this transition – the new progressive companies like b.energy operate differently to your traditional retailers or legacy embedded network providers.
“Progressive service providers can enable next generation essential services networks without any upfront costs, no CAPEX, no operational risk, bankable options and a fully managed OPEX service”Nick Neda, b.energy, Managing Director
b.energy is on your side when it comes to essential services and is leading a revolution in embedded essential services networks. Like you, b.energy agrees the time to transform essential services is now as energy retailing and legacy embedded networks have not met expectations with multi-tenanted property stakeholders paying too much and getting little or no service or value in return. b.energy is here to change that.
With origins from their parent global sustainability company, of more than 20 years, b.energy was founded in 2013 with the purpose to transform essential services through enhanced capabilities, legislative compliance, customer experiences and partnerships.
We’re on your side to create a better, smarter urban future accessed through the most transparent, affordable and sustainable essential services that unlock property value and better engage your communities.
Click here to learn more about how to transform your property.
The Urban Developer is proud to partner with b.energy to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers.