Energy-efficient buildings deliver better returns in South Africa | 16 September 2014
Energy-efficient commercial buildings in South Africa could provide a solid investment, as they have higher returns compared to standard properties, according to a new study by Investment Property Databank (IPD) and the Green Building Council of SA (GBCSA).
The study, which looked at 461 commercial buildings owned by nine different funds, shows that in the year to last December, energy-efficient properties had higher occupancy levels than less efficient buildings. Moreover, they produced greater net incomes per sq m and higher net income growth, reports eprop.co.za.
Energy-efficient buildings also allow owners to operate with lower costs, as they use half the amount of water and a third less electricity compared to other commercial properties.
Brian Wilkinson, chief executive of the GBCSA, said the data could encourage the construction and use of even more sustainable and energy-efficient commercial buildings in South Africa.
“Green leadership is having a huge impact on commercial property in South Africa,” he commented. “The benefits for users of green buildings have already been widely established.
“We also wanted to show the impact of green building and efficient-building management on the financial performance of a building to further support the case for green innovation in the South African property sector.”
Peter Levett, property managing director at Omigsa, added that commercial property owners are beginning to understand the importance of resource efficiency and other sustainability parameters to long-term financial success, reports iol.co.za.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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