Exploration of the investment drivers, successful factors and constraints in green building development in Gauteng, South Africa.
|Pitso, Mpolokeng Malitabo
|The property development industry in South Africa is growing at a high rate and contributing more to the Growth Domestic Product (GDP) of the country than most industries. Although this is a positive factor, the fact that that this industry affects the environment negatively cannot be overlooked: it emits high levels of pollution that degrades biodiversity and disturbs ecosystem services by utilising natural resources. Green building development is one concept that has risen to address this dilemma and contribute towards environmental sustainability. The purpose of this research is to explore the dynamics involved in Green Building Development. This involves a critical review of the drivers, success factors and constraints in green building developments. An investigation using a case study of 90 Grayston in Sandton, Gauteng was undertaken. Ten in-depth interviews were carried out with various individuals who were directly involved in the development of the building, as well as those individuals who used the building post its development. The research findings indicate that the financial feasibility, as driven by market demand and cost savings, propelled the decision to invest in green buildings. To make these green buildings a success, the location of the project, the composition, communication and coordination of the development team, as well as the way the project is managed, are vital. The research discovered that the functionality of the green features, the excessive research and reporting documentation required, as well as the social and psychological barriers that lead to unavailability of green compliant suppliers to choose from, all pose a challenge in the successful development of green buildings. However, if green buildings are effectively developed, they are attractive to blue chip tenants who are cognizant of the importance of corporate reputation. The people who work within the building are happy that the building elevates their status. Green buildings also create a landmark that is referred to reverently. They become the prime assets of the developers and give them better recognition in the industry. The study lays a foundation for further study on sustainable ways to fund incentives for green buildings in South Africa in order to inspire developers and suppliers to be green compliant
|Office buildings -- Design and construction -- Environmental aspects,Green movement,Sustainable architecture,Sustainable buildings -- South Africa.
|Exploration of the investment drivers, successful factors and constraints in green building development in Gauteng, South Africa.