On the heels of the Department of Energy creating a similar resource on the other side of the Atlantic, the Green Building Council of South Africa and the South African Property Owners’ Association (SAPOA) have unveiled the same tool for the Rainbow Nation.
It’s not clear exactly what this particular Green Lease Toolkit includes. But it’s designed to assist the South African real estate industry “in preparing lease documents that take both green building design and operational principles into account. It also uses robust methodologies established through market analysis and is applicable across all building sectors,” according to Jarrod Lewin, who served as project manager for the toolkit on behalf of GBCSA.
The Toolkit was unveiled earlier this week at the annual SAPOA International Convention and Property Exhibition in Durban. According to GBCSA, it was developed from a “shared basis of both market need and market demand,” as South African landlords and tenants are increasingly demanding green leasing tools to assist them during the commercial leasing process.
“As the green building movement in South Africa gains traction, we are seeing a more consistent adoption of green building principles by leaders in the local property industry,” Brian Wilkinson, CEO of GBCSA said in a press release. “The Green Lease Toolkit is a precursor to shifting the paradigm of ‘living green’ into the mainstream for owners and tenants alike.”
We’ll follow up here with more information about the distinctions contained in the South African Green Lease Toolkit as they become available.