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City Industrial Property Fund (CIPF) was established 11 years ago, primarily to take care of the Group property requirement whilst looking for additional opportunities to provide cost effective industrial property solutions for third parties.
Focusing on replacing the group rentals and all new requirements, with purpose built quality facilities, CIPF has currently 16 properties in the portfolio with the addition of 7 more in the pipeline.
Facilities vary from 46 000sqm warehousing and distribution facility, to container handling park, to long distance depots and specialised workshop facilities. We are happy to provide facilities in most areas of South Africa and are currently active in George, Cato Ridge, Bellville, Cornubia, Paarl, and Pomona areas.
The start of 2018 has seen the CIPF launch Project Green. The aim of this initiative is to review all existing properties within the portfolio, to identify specific interventions that will improve energy efficiency and water management across each site. The utility spend per property makes up a large portion of operating costs per month. By being able to offer tenants a transparent cloud-based platform, that shows real-time data on utility consumption and spend, provides visibility and an understanding of what is driving their total utility cost. Sharing this information also ensures utility bill accuracy and allows tenants to take control of their utility spend via adjusting their demand requirements and staff behavior.
For all new-build projects, the CIPF has also taken steps to incorporate some of the latest green-building standards into the design. Roof structures are designed with solarPV in mind, roof material will be transparent to allow natural light, all lighting will be LED and activated by intelligent sensors, rain harvesting systems will be installed and where possible grey-water will be re-used. The future is moving toward net-zero buildings and CIPF remains committed to developing new buildings that are aligned closely to latest green-building standards.
Following the roll-out of Project Green, we anticipate an overall reduction in operating and maintenance costs across the portfolio. Along with this the project should yield higher property values, retention of existing tenants, improved workplace productivity/health and overall green credentials that would set a benchmark within the local logistic and warehousing sector. There's a green wave rolling across our planet and the CIPF is going to be riding it.
CIPF secures Green Buildings Council of South Africa Membership
We're nearly halfway through 2018 and as the cold winter months set in we normally see an increased energy demand on Heating, Ventilation & Air-Conditioning (HVAC) systems. HVACs are the largest single end-use contributor to energy demand in the commercial sector, accounting for 26%. Next in line is lighting, with 18% and electric motors at 14%. Continued misuse of HVAC systems can dramatically impact the effectiveness of companies' energy-saving projects and initiatives. Globally we are witnessing a move toward Green Building designs and increased sustainability standards, specifically around the insulation and HVAC elements of a building.
The City Industrial Property Fund (CIPF) has decided to focus on its approach toward improved sustainability measures and design, in both existing properties and new-builds in the pipeline. In order to stay updated on the latest industry standards and trends, CIPF has become a proud member of the Green Buildings Council of South Africa (GBCSA).
The GBCSA works with its membership community to champion a collective cause – to accelerate the development and adoption of best green building practices so that all buildings are designed, built and operated in an environmentally sustainable way. The CIPF is currently looking into attaining a Green Star Rating for an upcoming new-build project and we look forward to working with both GBCSA staff and members.
CIPF awards first solar project
Following a successful roll-out of Project Green in 2018, the CIPF has now awarded their first solar project to Terra Firma Solutions as the EPC contractor. Terra Firma Solutions were selected based on their proven track-record, in-house design team and performance guarantee which will ensure the solar asset produces the expected energy yield over the 25-year operating lifespan of the solar PV panels.
The selected site is at a brand-new facility in Cornubia Industrial Park, Kwa-Zulu Natal. Based on the tenant’s electrical requirements, a 165kWp solar PV system will be installed in Q1 of 2019. The solar PV system will be linked to the existing COPPER Smart Meter on site and will have a real-time display on energy output located in the reception area, for all staff and visitors to visually see how the system performs. The expected savings to the tenant in year one is approximately R200,000 with a payback period within 7 years.
The CIPF is busy assessing all other properties within the portfolio to select those most suited for solar and we expect to complete a further 5 solar projects in 2019. Many of these solar projects will form part of a larger objective to secure Green Star Ratings for selected existing buildings and all new build projects.
Please feel free to contact us using the enquiry form below