Siemens Real Estate (SRE), the real estate division of German electrical manufacturer Siemens, plans to improve the energy efficiency of its key real estate properties worldwide by 2011.

Siemens Real Estate (SRE), the real estate division of German electrical manufacturer Siemens, plans to improve the energy efficiency of its key real estate properties worldwide by 2011.

The company, which made the announcement during the EXPO REAL fair in Munich, said the move is aimed at cutting energy and water consumption by 20% over the next three years. SRE manages 19 million m2 of space across 3,000 sites worldwide.

The company said that the new measures will apply to both new and existing buildings. SRE has developed a number of environment-aware properties in recent years such as the Siemens Center Beijing, Center Shanghai and City Vienna. SRE is also a partner in the European Green Building Council, and was awarded the ‘Green Building’ label by the European Commission for six newly-redeveloped buildings.

SRE said it has identified and for the most part already achieved savings on its buildings of EUR8.3 mln worldwide.