Redefine Properties:
Current Share Price: 777
Percent change: -0.26
Closing Price: 779

Quicklinks

Share price tracking

Financials

Space to Let

Environment

City improvement districts
Redefine contributed more than R2 million to city improvement districts which directly benefits the neighbourhoods in which its properties are located.

Maintenance and improvement of properties
Redefine applies the highest standards of maintenance to its buildings, protecting against degradation and decay to ensure there is no negative impact on the immediate environment in which they are located. Redefine also actively improves its properties to ensure their sustainability over time.

Protecting our heritage
In accordance with the National Heritage Resources Act, Redefine adheres to provisions which have been put in place to recognise and protect South Africa’s heritage.

Green building principles
Redefine has adopted and applied green building design and technologies to new property developments such as Upper East Side and Convention Tower. In Upper East Side, there is no need for air conditioners, as the concrete panels that run in front of the window cut out direct sun and reduce the heat in the units, while allowing the light in. Where air conditioners are necessary, engineers have designed a system to capture the warm air produced behind the units, which is repiped to the boiler. This increases the water temperature so that the energy required to heat the water to hot shower temperature is less than 25% of what is required to heat a geyser. Wherever possible, materials from renewable sources such as linoleum, corcoleum and bamboo were incorporated. Grey water is pumped to a tank on top of the building to be kept for fire sprinkling systems and will also be used for landscaping. Masonry was sourced from suppliers close to the site to save on transport energy and emissions and the supplier manufactures its products from almost exclusively recycled aggregate, with the lowest level of carbon emissions of any masonry product available on the market. The energy saving achieved during the construction of Upper East Side through the choice of masonry alone would be enough to power 300 medium size houses for a year, and the reduction in carbon emissions achieved is equivalent to removing almost 90 cars from the roads for a year. This masonry is also naturally thermally efficient.

At Convention Tower, all office and meeting areas are equipped with infra red detectors which cause the lighting in the area to be switched off when not in use. LED lighting, which requires only 7% of the energy demanded by conventional fluorescent lighting, was used on the signature light band that frames the building. In addition, heat reflecting glass, double glazing and filigree sunscreens have reduced air conditioning costs and improved the environmental efficiency of the building.

Retrofitting buildings
Although a major and costly challenge to property owners, Redefine is converting older buildings to operate in a more energy efficient manner. The company has retrofitted a number of its top properties in the portfolio following consultation with leaders in the field of energy saving and alternative energy. The arduous process of upgrading the properties to an acceptable level of energy efficiency is underway, and monthly cost savings are evident where these initiatives have been implemented.

Energy efficiency programmes
Redefine is committed to achieving energy efficiencies wherever possible, and has formed a partnership agreement with Rural Maintenance, whose electronic wireless energy metering system allows Redefine to monitor energy consumption within its buildings on a live feed. The energy metering system allows for the metering and effective management of the carbon footprint by portfolio, by building and by tenant. The current billing system and invoicing reflects the carbon impact to the tenant along with the proposed penalty targets as set out by the energy regulators. Redefine is assisting tenants to reduce their existing energy demand by rolling out a programme to automate tenants’ premises. This includes the installation of various cost saving devices such as timer switches, motion sensors and other demand management practises and tools, which allows tenants to control their usage effectively. In addition, Redefine has enlisted the services of energy consultants to further investigate the design efficiencies of the higher consumption properties. The process entails the investigation into areas such as building design, HVAC and mechanical design integrated with the electrical and tenant design layouts, and educating tenants on more efficient building design and utilisation in order to reduce electricity consumption and carbon footprint of the buildings and impact on the environment.

Environmental assessments
Environmental impact studies are undertaken with the guidance of industry experts prior to undertaking new developments where required.