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The Morgan Stanley Capital International (MSCI) South Africa Green Annual Property Index for 2022 has showed that green-certified prime and A-grade offices produced an improved total return last year and outperformed noncertified office assets of a similar quality by 50 basis points during the year. Released yearly since 2016, in conjunction with the Green Building Council of South Africa (GBCSA) and sponsored by JSE-listed Growthpoint Properties, the index provides an independent, globally consistent view on the investment performance of green-certified and noncertified offices.
The yearly Greenovate Awards programme, co-founded by South African real estate investment trust (Reit) Growthpoint Properties and the Green Building Council of South Africa (GBCSA) will include technology solutions for a sustainable built environment. Now in its ninth year, the Greenovate Awards have focused on encouraging a passion for sustainable development in young students. Initially, the awards only included students of the built environment, then an engineering category was added.
Growthpoint Properties (JSE: GRT) is piloting a 4,5 MW battery system at Paarl Mall to store electricity for its continuous, cost-efficient power supply.