Architect and Builder Magazine South Africa September/October 2013 | Page 16

GREENCOMPANY WBHO Construction Tel: [phone] E-mail: [email protected] Web: www.wbho.co.za WBHO Construction (Pty) Ltd, formed in 1970, is a multi-disciplined construction company, focusing primarily in building construction, civil engineering and roads and earthworks. Based in Sandton, South Africa, WBHO operates throughout Africa as well as having a national footprint in Australia. CITY OF CAPE TOWN MANNENBERG - HUMAN SETTLEMENTS in valuations, and undertake appropriate education programmes to update valuers on the value of green buildings. Kevin Bates Flooring & Carpeting (Pty) Ltd t/a Albert Carpets Tel: [phone] E-mail: [email protected] Web: www.kbacflooring.co.za Helping to fulfil Interface’s vision of sustainable buildings: Kevin Bates / Albert Carpets, along with Interface, are proud to be associated with many of the Green Star buildings in South Africa, most recently Silo No 1, as well as GBCSA’s new offices. VALUER PERCEPTION South African Institute of Valuers KZN branch chairperson Trevor Richardson says that green building is definitely on the radar for valuers, although it is perceived to be an issue of the future, rather than an imminent concern. He explains that most green buildings are currently built for a particular end-user, usually with a long-term lease, so these buildings are not trading, or changing hands regularly, hence there is little transactional data. While at first, easily-measurable factors like lower operating costs will increase values of green buildings, ultimately, the valuation of green buildings will need to be evidence-based, and influenced by the sales prices of these buildings. This will require robust evidence and transactional data, which at this young stage of the industry in South Africa, is just not available. Richardson says that valuers in the South African market are very much in the data collection phase, trying to properly understand what property management issues arise from green buildings, and to inform valuers what kinds of rentals are achievable for green buildings. LOCAL RESEARCH The Rands & Sense report is the commencement of localized data collection and case studies on gree