Real Estate Investor Magazine South Africa October 2014 | Page 41

RESIDENTIAL “With EDGE, builders can assess the most cost-effective ways of bringing green features into their designs, financiers can offer better terms to developers and green mortgages for homeowners, and governments can do their part through incentives and improved regulations.” use green rating software for homes at scale and will extend the GBCSA’s impact in transforming the way that residences are built. We can utilise EDGE to target the largest sector of the property market in the country,” he adds. “The launch of EDGE in South Africa is a hugely exciting development that affords us an opportunity to benchmark ourselves against our international counterparts who have already introduced services related to energy efficiency and green buildings. This will also benefit housing consumers, builders and developers as it will transform how homes are designed and built in the country. We are proud to be the local rollout partner with the GBCSA on this,” said Dr. Jeffrey Mahachi, NHBRC’s Head of Centre for Research and Housing Innovation. Game-changer “Built on a user-friendly interface, the EDGE tool also assists in determining at a high level the financial viability of green building initiatives on a project early in the design stage. Its aim is to reduce energy and water consumption, calculating upfront costs and potential operational savings,” explains Wilkinson. “We are delighted to be able to leverage the systems and structures of the NHBRC as our local rollout partner. With their support and the launch of the EDGE programme in South Africa, we foresee a groundswell of greener and more sustainable residential developments in the country. “With EDGE, green residential developments can now be recognised for their efforts. We hope to make a www.reimag.co.za big positive impact on not just more green residential developments, but also for an increased number of ordinary South Africans to look at innovative ways to make their homes greener and less impactful on the environment,” he adds. Manfred Braune, Chief Technical Officer at the GBCSA notes: “EDGE will initially be launched as a programme for new homes being designed and built. The GBCSA anticipates mostly large residential developments, which roll out free-standing homes, will target certification using the rating tool, and less so apartment buildings and single homeowner builders that can also use EDGE.” Local relevance “EDGE has been adapted for the local South African context, especially in light of the SANS 10400 Part XA energy efficiency building code, which was promulgated for all new buildings in 2011,” explains Braune. “EDGE will undergo final adjustments with some industry input and review before being released to a few pilot projects later this year, and launched to the market early in 2015. “Leading design professionals working in the design and construction of homes will be invited to participate in the Technical Working Group in late 2014 that will be created as a sounding board during the review and final adaptation of the EDGE rating tool for the South Africa market.” Far-reaching implications “The goal of IFC’s EDGE programme is to help build capacity for developers, banks, and governments to mainstream resource-efficient buildings in rapidly growing economies around the world,” says Marcene Broadwater, IFC’s Global Head of Climate Strategy and Business Development. “With EDGE, builders can assess the most cost-effective ways of bringing green features into their designs, financiers can offer better terms to developers and green mortgages for homeowners, and governments can do their part through incentives and improved regulations.” October 2014 SA Real Estate Investor 41