SA’s large listed property groups are running initiatives to limit their water usage and reuse the resource, especially in drought-stricken Cape Town. As the city responded to level five water restrictions, the largest South African real estate group, Growthpoint Properties, has stood out for its water saving progress across the Mother City. More than 20% of Growthpoint’s R76.9bn South African property portfolio, not counting its 50% stake in the V&A Waterfront, is located in the Western Cape. Level-five water restrictions require all commercial properties to cut their monthly consumption of municipal drinking water 20% compared with consumption for the previous year. Growthpoint was already well on its way to achieving this 20% target, said Timothy Irvine, regional asset manager for the Western Cape. The company intensified its focus on saving water at its buildings in February 2016, which helped it to reduce consumption of municipal drinking water by an average 16%, comparing a 12...

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