Spanish REIT Merlin Properties has announced a long-term strategic partnership with Netherlands-based sustainable developer Edge, starting with the transformation of Madrid’s Plaza Ruiz Picasso into the smartest building in Spain.
The two partners plan to incorporate the latest in smart technology into the project involving a total GLA of 36,899 m2. This will include Edge’s own platform - Edge Next - to optimise the office building’s performance, and to make it smarter, healthier, and more sustainable.
The asset is set to achieve Leed Platinum and Well Core & Shell Gold certifications. In addition, it aims to become one of the first buildings in Spain to obtain both the WiredScore and the SmartScore certification, a certificate that represents the smart connectivity of the building.
Furthermore, Edge Next will help Merlin implement sustainable and technological initiatives in its office portfolio, rolling out a multi-year project that will optimize the developments through the use of Edge Next’s smart technology. As part of this strategy, the Edge Next platform will be piloted in one of Merlin’s existing buildings starting in 2021, with further rollouts expected in the near-term future.
