Watergate joins Lockton’s Asset Connect

Water has always been the risk nobody talks about. Not because it isn’t serious – but because for too long, nobody could see it.

Buildings track energy to the kilowatt. They monitor access to the minute. They measure footfall, air quality, occupancy. And yet the thing flowing silently through every wall, every ceiling, every floor? Most buildings are completely blind to it.

That’s the gap we’ve been working to close since day one. And today, we’re taking a significant step forward.

What happens when water data finally joins the building picture

We’re joining Lockton’s Asset Connect® as an official technology partner.

Asset Connect is Lockton’s platform for bringing operational data from multiple building systems into a single, unified picture. It’s designed to help property owners, operators and insurers understand how their assets are performing – and where the risks are hiding.

Lockton is the world’s largest privately owned insurance broker. They advise some of the world’s leading real estate investors, developers and asset managers. When Lockton looks at a building, they’re asking the question that matters most: what could go wrong, and can you see it coming?

By joining Asset Connect, Watergate’s real-time water data becomes part of that answer.

Why this matters more than it might seem

It’s tempting to read a partnership announcement and move on. Another logo on another platform. Another integration. Fine.

But this one is different – and here’s why.

For decades, water has been treated as invisible infrastructure. Something to ignore until a pipe bursts, a ceiling comes down, and the insurance claim lands. The industry has a name for it: escape of water. We’d call it something else entirely – a failure of visibility.

The buildings that suffer the most from water damage aren’t the ones with bad luck. They’re the ones that couldn’t see the problem coming. A slow leak behind a wall. An abnormal flow pattern at 3am. A sensor that would have caught it in seconds, if only it had been there.

Asset Connect is built on the belief that visibility changes outcomes. That when building owners can see what’s happening across their entire portfolio – energy, security, access, and now water – they can make better decisions, faster.

We share that belief completely.

What this looks like in practice

Watergate’s technology gives buildings something they’ve never had: a real-time view of their water systems. Our sensors detect leaks, flag abnormal usage, and shut the water off automatically when something goes wrong. The data doesn’t sit in a silo – it flows into the platforms where building managers and risk teams are already working.

Through Asset Connect, that data becomes part of a broader operational picture. Water risk sits alongside every other building system, visible to the people who need to act on it.

The results, where we’ve deployed this kind of visibility, speak for themselves.

In partnership with Greystar – one of the world’s largest residential operators – Watergate helped reduce water consumption by 68% while giving property managers real-time visibility into leaks and abnormal usage across their portfolio.

At III Milenium, our technology helped identify over 200 hidden leaks that nobody knew were there. Not one catastrophic event – 200 slow, silent problems that would have compounded over time.

That’s what visibility does. It turns a reactive industry into a proactive one.

The building of the future is already here

We talk a lot about the building of the future – smarter, more efficient, more accountable for every resource it consumes. But the truth is, that building isn’t a future concept. It’s a choice that building owners can make right now.

The technology exists. The data is available. The only thing missing, in most buildings, is the decision to connect the dots.

Partnerships like this one matter because they make that decision easier. When water data lives inside the same platform as every other operational signal, it stops being an afterthought and starts being part of how buildings are managed.

What’s next

We’re proud to be part of the Asset Connect ecosystem, alongside some of the best building technology companies in the industry. If you manage a property portfolio and want to understand what real-time water visibility looks like in practice – get in touch. We’ll show you exactly what your buildings are doing with water right now.

You might be surprised by what we find.