Securing $42,000 in energy savings for Pearl River Property Management

About Pearl River Property Management

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Pearl River Property Management is a specialist real estate business based in Victoria, managing a portfolio of commercial properties. In recent years, rising energy costs have significantly impacted their operations. Outgoings that once sat at around $100 per square metre have climbed closer to $150, making it harder to attract new tenants and retain existing ones.

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As the team explains: “Rising energy costs have made leasing larger sites increasingly difficult. Tenants are no longer focused solely on rent, they’re scrutinising outgoings just as closely. The old approach of maximising rent to lift the landlord’s income simply doesn’t work in this climate. The focus now is firmly on retention, which means careful budgeting and managing outgoings are absolutely critical to keeping tenants in place.”

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How Zembl helped

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Zembl partnered with Pearl River Property Management to understand the pressures energy costs were placing on their business and tenants. After a detailed review, Zembl leveraged its market expertise to go to tender and secure a competitive energy contract tailored to their needs. This solution delivered $42,000* in savings, providing much-needed cost relief and greater stability for the business and its tenants.

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The process was simple and efficient: Pearl River signed a letter of authority, Zembl went to market to negotiate, and the new agreement was put in place without disruption. The outcome has supported Pearl River’s focus on retention by reducing outgoings and strengthening their position in a challenging property market.

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Reflecting on the experience, Pearl River noted: “Excellent, I couldn't recommend them enough, especially my broker Robert Hall. I’ll have plenty more plans for him to look at in the future.”

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_{*Savings are estimates only and are based on comparing the customer’s previous energy rates with the new rates arranged through Zembl, using the customer’s historical usage data. Actual savings may vary depending on changes to energy usage, future rates, and other factors outside of Zembl’s control. Past savings are not a guarantee of future outcomes.}