select
|

GOING ‘GREEN’ ENHANCES VALUE OF COMMERCIAL PROPERTY

While those currently undertaking new building projects have the ideal opportunity to ‘go green’, owners of existing buildings may not be aware of the meaningful cost and energy savings that can be achieved by eliminating wasteful and unnecessary practices in terms of operating an established building, says Rudolf Nieman, projects director for JHI property management company.
 
“Energy consumption when a building is in use is arguably the dominant factor in regard to its impact on the environment, probably accounting for up to 85 percent of its total environmental impact during its life. This is coupled with rising energy costs and the possibility of power rationing and costly penalties - making energy saving all the more imperative from an operational business perspective as well regarding return on investment in terms of the capital value of the property.”
 
He cites some examples of how savings can be achieved – and the impact on the environment minimised - by eliminating wasteful practices:
·         Harvesting rainwater and grey water which can be utilised to water plants in the grounds, thereby saving water
·         Switching off equipment when not in use including geysers in toilet areas, and the installation of variable speed drives to motors to adjust power input appropriate to the volume requirement
·         Utilising solar energy
·         Reducing temperatures in kitchens
·         Reducing lighting and installing energy saving lighting, and making the maximum use of natural light
·         Installing occupancy sensors which automatically turn off lights when areas are not in use
·         Closing windows/drawing blinds/keeping foyer doors close to conserve or reduce heat, depending on whether the outdoor temperature is hot or cold, and insulating the building, or applying window glazing, for the same reasons
 
Says Nieman: “While advice and policies regarding the more common energy savings and the minimising of consumption and polluting of water has for a long time formed an integral part of the services offered by JHI, our expertise has been bolstered to provide detailed advice on the full spectrum of green issues during the use phase of a commercial building – whether it comprises offices, retail, warehousing or mini-factories.
 
“As a result we have devised a comprehensive action plan that focuses on energy savings in existing properties and which is backed up by an integrated electronic facilities management system which we can apply to buildings within our portfolio of managed properties, or to specific buildings on request by interested owners or landlords.
 
“In a recent instance, for example, after conducting a detailed energy audit of the building we were able to achieve a 30 percent energy saving on behalf of a client by replacing dated lift motor equipment with new technology, and a further 30 percent energy saving by installing inverter split air conditioning units instead of normal split units coupled with the installation of energy saving lights.”
 
Nieman says it is inevitable that a number of challenges arise in regard to implementing the energy saving process. Affordability of retrofit mechanical and electrical systems ie replacing existing systems with those which are more environmentally friendly, and meaningful contributions by tenants generally prove to be the main stumbling blocks. However, JHI believes that the realities of continued electricity tariff hikes and the possibility of power rationing and penalties will compel all role players and consumers to starting seriously considering contributing to the saving of energy consumption.
 
“We believe it will become an increasing imperative for businesses to do so and our plan involves a detailed annual energy audit per building, comprising primarily the identification of problem areas – gleaned from the electricity billing history and a comparison with pre-determined benchmarks. In addition, recommendations are made regarding potential retrofit items such as air conditioning and light fittings, and maintenance procedures and programmes are scrutinised to ensure that the landlord is aware of the optimum cost-benefit situation.”
 
He says once a decision is made by the landlord or property owner, funds are allocated to the maintenance and refurbishment budgets for the coming financial years. This is coupled with advice on other green issues such as renewable natural and synthetic building materials in regard to any improvements, refurbishments or tenant installations, rainwater harvesting, use of grey water, provision of receptacles for recycling of materials etc is recommended in order to ensure a holistic approach to the greening of a building.
 
Concludes Nieman: “As resources become increasingly costly, greening will become virtually inevitable, and ultimately one may find that the disposal or letting of space may ultimately become an issue if the building does not have the necessary green credentials.”
 
Issued by Gaye de Villiers


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK