Real Estate Investor Magazine South Africa September 2013 | Page 12
MASTER INVESTOR
Exciting developments
The last two years have also seen some exciting
new developments, including the launch of the
Green Lease Toolkit, and very recently, two
new rating tools: one for Interiors, sponsored
by Standard Bank, and another for Existing
Buildings, sponsored by Nedbank.
Both the Green Lease Toolkit and the Interior
rating tool creates a new market segment in the
green building sector, bringing the tenants into
the green building playing field. In line with new
tenant demands for greener and more efficient
space and the increasingly green approach taken
by the design community that manage the fit
out process, these tools allow tenants to benefit
from sustainability efforts in fit out and during
operation of the building.
The existing building performance rating tool
is another exciting new development for the
GBCSA, given the reality that existing buildings
comprise the bulk of total building stock. This
tool takes sustainability in the built environment
into the main stream mass market. As a result,
Brian believes that within three years, green
rated buildings in South Africa will number in
the thousands.
Working with the World Green Building
Council, the GBCSA has also developed a
socio–economic framework for inclusion in
its certification, based on the premise that
holistic environmental sustainability demands
consideration of the social aspects. This socioeconomic rating tool exists alongside the green
building rating tool and has been made available
to other Green Building Councils around the
world.
Future developments
The GBCSA is a lso work ing w ith the
International Finance Corporation (IFC), a
division of the World Bank, on a project that
may culminate in a green building operation
system for residential property. Brian believes
that should this initiative come to fruition, it will
take green buildings into the consumer space
by providing a “lite” green building system for
residential property owners.
More exciting news is that the WorldGBC
Congress will integrate with the premier 6th
annual Green Building Convention, hosted by
the GBCSA at the Cape Town International
Convention Centre from 16 – 18 October 2013 –
10
September 2013 SA Real Estate Investor
a first for Africa and a significant opportunity for
local players in the property industry to network
with experts and thought-leaders from 92 green
building councils from across the globe, making
this the most distinctive sustainable building
gathering ever hosted on our continent.
The cost question
One of the most often asked questions, which
will no doubt be answered at this global
gathering of green building experts, focuses on
the cost implications of green building.
Brian says that stakeholders looking for
empirical evidence of the cost benefits of green
building will find the economic case for green
building in the GBCSA publication Rands and
Sense of Green Buildings, ]?Z[X?H? H???B??X??]K??H??\? ]X[?H??\??X[?Y?\??[??]?[?\?? ?[XZ[??^]Y? H ??X?[Y??'??? ?[Z][x?'H??Y[??Z[[????]?\????X[??[Y]?\? ] ?[H[?]? X?????H8?$?[?? Y[???Y[? X?????H8?$?[???\\??\? ?]?\??[? \?YY[?8?'X\? HY? \? ?[Z][x?'K B??X[] H\? ] H?Y[??Z[[??\?X] \?Y??^[? H^ \?Y[??H?\??K[? H [??X?B?X[?Y?\?][?? \?\? ] H ???\?????\?Y?X?][?\??X??Z[??[?HY??X?Y[?\? B?]X[] H? ?X?Z\??[??[\ ??K?\?H ?\?[ ? B?[\ ??Y^ \?Y[??H[?^ \?\?H[? H ?X???\? ?[\? HX] \?][?? H X?????K B?^\?[??H?H8?'??? ?[Z][x?'H[??Y[??Z[[??\?X?]X?K???]?\?[\??X[?H ?[\??YH ] \?H\?B???? ?[Z][H[??? ?Y ?[????Y\?Y ??B?\??[? ?H??H
\?\? ?][??
IH??H
K\?\???][??[?
?H??H
?\?\? ?][???Z[[??\?B?\?H ?\?H ?X?[]]?H?Y?\?\??]?[? H?X? ]?XX? ??X?\? [?\]YK[?]\??H???Y\?Y?[? H??^ ? H??]\?H????[?Y?] ????YH? \?H\?HX\?H ? ]X[?Y?K??^[\K??[?[ ?[Z][\?[???\??\?][????? ? ?[B??\?? ?X?\??] \?K\ ???[??H?Z[[??Y?Z[????X??Z[?????]H[? H ??[?[??X\?\?[? ?? X?]?] K\?H[?HY??X?[ ? ]X[?Y?B?[?[?]\?H \?\??] H?? ?H[?H\? ]???]\?H????[?Y?] ?[?H [??\?Y?Y\?[?B?\??Z]?Y??? ?[Z][H?H?Y[??Z[[?????\?[?? ?[?\? ????Y[?\ H B????x?&\???YH[?\??H[? ?]\??[??X\??[??? ?X? ?[[?? [H ?]?[ X]H?Z\??Z[[???\?H \???Z[?? ?[]]?H ?B??]\?X?[ H ?[]?[???]Y??X?[??[??X\????X?\??Y[???X[\?Y?Y?\?Y????\?XX?\? ?X?\????\[??K H?[X?\??????\[? ? H \H??Z[[??[?]?[? B??[X?\????\ ]\???] ??Y\?HYX\?\?H? H?Z[[???&\??\??[??[X? ?X?] H \?Y?H[? ?]\????[\ [???Y?\?\? ?X?[?????H?] \? [?\??[?[????H ? ?[? \???X[??H ?[]]?H ? B??[??X\??Y? H?Z[[???] \???\? B??[??X\??][]?\??HX\??][?? ?? ]??[?H[?\?[??X?H[??Y??X][?? ?]?[?[? ?Y? H?Z[[?? [?\?\???\? B??[??X\??] ??Y\?[?[Y?[??H ]?[??[???H[??\?Y[?X?\?[??????PS??&T?Q?P?H????T?B?S??T???H?Y[??Z[[???\?H H?] \?B???$? H[??\??Y[? \?X?[\? B?[? \?\???\?][????? ?\??]?\??Y[?[?H?? X?]?H ??Y[??Z[[?? ?X?X?\????Z?H??H? H???[??[X[???[[?????]H[? ?\?Y[?X[?[?[? ????Y[? ??\?Y\? ]?\?H[?H??? YY??X?]?H ??\?]K????]??Y[?X??[]?Y[??H ]???Y[??Z[[??\? X??X?[[??^ [??]?H8?$??][?[???YY??[?[????H[?^ \?Y[??Y? ??\??[?[ ???\]Z\ [?\??[?Y? []?[?????Y?H[?[???X][? [?\??[? HX???ZX?[??[??\??Y[?[[\X?][???B??Y[??Z[[????\??^K???H[?\? ? [? ][?H8?'??? ?? ?[Z][x?'H ??[?H???Y\?Y?[? H??^ ???]\?H?????[?Y?] ?[? H ?[ YH??] \?\ ???[?? [?\? ??\? H ???[????][?? HX?[???????? ??\? H]?[?\????\??[??[?[? ? Z?HY ?[?Y?H? H?[?Y?] ? ]?Y[???Z[[???[???\????X[? ?Y??\? ? H?\????T??T??T??Y[??Z[[????[??[??]Y??X?B????˜?Z[XY????B??