{"id":148687,"date":"2025-02-26T07:56:55","date_gmt":"2025-02-26T07:56:55","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=148687"},"modified":"2025-02-20T11:58:41","modified_gmt":"2025-02-20T11:58:41","slug":"2025-the-year-property-asset-managers-go-digital","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/construction-technology-news\/2025-the-year-property-asset-managers-go-digital\/148687\/","title":{"rendered":"2025: The year property asset managers go digital"},"content":{"rendered":"<h2>From embracing ESG transparency to leveraging digital twins and geospatial data, the industry is on the brink of a digital transformation. Accurate geospatial data is key to managing, optimising and futureproofing assets, writes Diarmuid Murphy, director of property, <a href=\"https:\/\/murphygs.com\/\" target=\"_blank\" rel=\"noopener\">Murphy Geospatial<\/a><\/h2>\n<p>As we enter 2025, property asset managers find themselves at the crossroads of economic pressures, regulatory demands and technological innovation. The year ahead presents a host of challenges and opportunities, with trends like ESG transparency, decarbonisation\u00a0 and the rise of digital twins transforming the way real estate asset owners and managers\u00a0 manage and optimise their portfolios.<\/p>\n<p>If you\u2019ve yet to go digital, now\u2019s the time to do it. From accurate reporting to space optimisation, to planning for the future with retrofitting and refurbishments to increase the longevity of your assets, the age-old saying rings true: &#8220;You can\u2019t manage what you don\u2019t measure.&#8221;<\/p>\n<p>Critical to going digital and meeting the demands of futureproofed assets is accurate locational (geospatial) data about your portfolio. The reality is that few property managers have this information in an accurate and validated form \u2013 or worse, they believe they do but find it lacking when it matters.<\/p>\n<p>Accurately measuring the size of real estate assets and maintaining comprehensive digital\u00a0 spatial records provides asset managers with validated, reliable data to manage their portfolios effectively.<\/p>\n<p>These records form the foundation for better space planning, utilisation assessments and strategic decision-making. By having precise measurements and digital documentation, asset managers can confidently optimise layouts, improve space efficiency and identify\u00a0 opportunities for revenue generation.<\/p>\n<p>Furthermore, validated data ensures accurate reporting, supports compliance with regulations and enhances long-term planning, such as retrofitting or refurbishing assets to extend their lifecycle.<\/p>\n<p>Beyond operational advantages, geospatial data delivers financial clarity by providing certainty in spatial quantities, floor areas and volumes. This level of precision empowers clients to budget and spend more accurately. With validated and dependable data, clients can confidently allocate funds for renovations, leasing or energy improvements, ensuring cost-efficiency and reducing the risk of unexpected expenses. Embracing digital spatial records is a transformative step toward more efficient, sustainable and financially sound asset management.<\/p>\n<h3>ESG transparency: Meeting regulatory expectations<\/h3>\n<p>Sustainability remains a top priority for regulators and stakeholders alike. Frameworks such as the EU\u2019s Corporate Sustainability Reporting Directive and the UK\u2019s net zero targets place increasing pressure on asset managers to ensure reliable ESG reporting.<\/p>\n<p>Accurate geospatial data plays a pivotal role in this process. By providing precise\u00a0 information about an asset\u2019s location, condition and environmental impact, geospatial\u00a0 insights enable property managers to assess their portfolios against sustainability benchmarks.<\/p>\n<p>This data is not only essential for compliance but also helps identify opportunities to reduce energy consumption, lower emissions and demonstrate progress towards ESG goals.<\/p>\n<p>For example, understanding the energy performance of ageing assets through geospatial mapping can uncover retrofitting opportunities, such as improved insulation or renewable energy installation. These insights contribute directly to more transparent and actionable ESG reporting, ensuring firms stay ahead of regulatory requirements.<\/p>\n<p>Additionally, remote access to such data reduces the need for on-site visits, lowering operational costs and environmental impacts.<\/p>\n<h3>Maximising asset use, value and budget efficiency<\/h3>\n<p>The economic environment remains challenging for many, with rising costs and intense competition driving a need for asset managers to optimise performance, ROI and financial planning. Underutilised spaces, inefficient layouts and unplanned downtime can all eat into\u00a0 profitability.<\/p>\n<p>Here, geospatial data offers transformative potential. By analysing spatial usage, managers can identify areas ripe for optimisation, whether that\u2019s reconfiguring layouts for higher\u00a0 efficiency or unlocking new revenue streams from previously untapped spaces.<\/p>\n<p>Additionally, predictive maintenance enabled by IoT sensors and supported by digital twins minimises downtime and extends the lifespan of assets.<\/p>\n<p>Furthermore, by providing exact measurements of floor areas, volumes and spatial\u00a0 quantities, geospatial data ensures clients have an accurate understanding of their assets. This precision enables realistic budgeting for maintenance, refurbishments or expansions.<\/p>\n<p>Whether estimating costs for a retrofit or determining the rental value of a commercial space, validated geospatial data reduces uncertainty and allows asset managers to make well-informed financial decisions. The result? A more competitive and financially efficient portfolio in an increasingly dynamic marketplace.<\/p>\n<h3>The rise of digital twins<\/h3>\n<p>Digital twins are rapidly becoming a game-changer in property management. These virtual replicas of physical assets enable real-time monitoring, predictive analytics and more effective decision-making. However, the foundation of any reliable digital twin is accurate geospatial data.<\/p>\n<p>By <a href=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/iot-technology-construction\/137294\/\" target=\"_blank\" rel=\"noopener\">integrating geospatial data with IoT sensors<\/a>, asset managers can create dynamic digital twins that provide real-time insights into building performance. For instance, a digital twin of a mixed-use development might reveal patterns of energy use, enabling managers to adjust operations for greater efficiency or align with sustainability goals.<\/p>\n<p>As smart technologies become more prevalent, the ability to feed accurate, real-time data into digital twins will separate forward-thinking firms from those left behind. In 2025, embracing digital twins underpinned by robust geospatial data will no longer be optional but a strategic imperative.<\/p>\n<h3>Driving decarbonisation<\/h3>\n<p>The property sector faces mounting pressure to decarbonise, with investors, tenants and regulators demanding action. Achieving meaningful reductions in carbon emissions requires a data-driven approach and geospatial data provides the necessary foundation.<\/p>\n<p>For example, mapping energy usage across a portfolio can highlight areas where renewable energy sources or retrofitting measures would have the most impact.<\/p>\n<p>Similarly, geospatial data can support compliance with evolving standards, such as minimum EPC ratings, by identifying which assets are falling short and providing a roadmap for improvement.<\/p>\n<p>Asset managers who take a proactive stance on decarbonisation, using data to guide their\u00a0 strategies, will not only meet regulatory demands but also enhance their reputations as leaders in sustainability \u2013 a key differentiator in a competitive market.<\/p>\n<h3>Geospatial data for strategic and financial advantage<\/h3>\n<p>The overarching theme for 2025 is a shift towards data-driven asset management. Yet, while property firms are increasingly &#8220;<a href=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction\/construction-technology-news\/the-democratisation-digital-data-in-construction\/127108\/\" target=\"_blank\" rel=\"noopener\">data-rich<\/a>&#8220;, many remain &#8220;processing-poor&#8221;. The challenge lies in turning vast amounts of information into actionable insights.<\/p>\n<p>To get started, asset managers must first get their house in order by ensuring the accuracy and completeness of their data. Investing in geospatial surveys, 3D laser scanning and digital recordkeeping provides a solid foundation for informed decision-making.<\/p>\n<p>Once this groundwork is laid, firms can begin to harness the full potential of their data, integrating it across areas such as ESG reporting, operational optimisation and strategic planning.<\/p>\n<p>Accurate geospatial data not only supports operational efficiency but also ensures financial accuracy, reducing the likelihood of misallocated budgets or unplanned expenses. In a world where information is power, those who unlock the potential of geospatial data will\u00a0 lead the way in asset management.<\/p>\n<p>In a sector where staying ahead means staying informed, geospatial data is the strategic and financial advantage no asset manager can afford to overlook.<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Accurate geospatial data is key to managing, optimising and futureproofing assets, writes Diarmuid Murphy, director of property at Murphy Geospatial<\/p>\n","protected":false},"author":24,"featured_media":148689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38487],"tags":[724,172720,725,172965,465],"stakeholder_rel_tag":[],"contributor_rel_tag":[173008],"class_list":{"0":"post-148687","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction-technology-news","8":"tag-asset-management","9":"tag-digital-twins","10":"tag-geospatial-mapping","11":"tag-pbc-today-february-2025","12":"tag-sustainable-construction"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>2025: The year property asset managers go digital<\/title>\n<meta name=\"description\" content=\"Accurate geospatial data is key to managing, optimising and futureproofing assets, writes Murphy Geospatial&#039;s Diarmuid Murphy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/construction-technology-news\/2025-the-year-property-asset-managers-go-digital\/148687\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2025: The year property asset managers go digital\" \/>\n<meta property=\"og:description\" content=\"Accurate geospatial data is key to managing, optimising and futureproofing assets, writes Murphy Geospatial&#039;s Diarmuid Murphy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/construction-technology-news\/2025-the-year-property-asset-managers-go-digital\/148687\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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