The Student Hotel and Redevco Launch Innovation Lighthouse at PROVADA

The Student Hotel and pan-European retail real estate investment manager Redevco launched the ‘Innovation Lighthouse,’ a network for forward-looking real estate companies collaborating on innovation in sustainability, at the PROVADA real estate fair in Amsterdam on Wednesday 5th of June. Innovation Lighthouse aims to accelerate the transition towards a future-proof built environment by creating living labs to test sustainable innovations in existing buildings.

The creation of Innovation Lighthouse was inspired by a successful living lab at The Student Hotel, “Saving Energy When Others Pay the Bill.” As a result of this initiative, The Student Hotel was able to save 17% of water and other energy and costs by installing a direct feedback device in the showers of its hotel rooms showing a polar bear on an iceberg that starts to melt when the shower runs. The project also showed that teaming up with sector players helps accelerate innovation and makes more efficient use of resources.