Green buildings save between 30-40 per cent energy and carbon emissions annually and between 20-30 per cent of potable water annually.
Some five per cent of the 70 property developers represented by a Nairobi lobby have embraced green technologies to tap into a growing environmentally conscious clientele seeking energy-efficient homes.
According to Wangari Muchiri, a real estate and sustainability consultant with Jones Lang LaSalle (Kenya), investing in a green building costs between 0.5 to one per cent of total building cost, but results in 3.9 per cent higher rental income thereby yielding up to 13-18 per cent higher sales price.
Green buildings save between 30-40 per cent energy and carbon emissions annually and between 20-30 per cent of potable water annually.
“Multinational companies should continue investing in green buildings because they are the ones who are going to push more investments by developers,” she said on the sidelines of the African Hotel and Investment Forum that concluded on Thursday.
The Nairobi builders are part of the Kenya Property Developers Association representing residential, commercial and industrial property development sector.
Examples of green buildings include Garden City Mall and Pope Paul VI Learning Resource Centre at the Catholic University of East Africa.
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