UNDERSTANDING THE ITALIAN REAL ESTATE OFFICE MARKET: WHAT DOES MAKE IT DIFFERENT FROM THE OTHER MAJOR EUROPEAN MARKETS?

2010 ◽  
Keyword(s):  
Real Estate ◽  
The Other ◽  
Office Market ◽  
European Markets

scholarly journals Pricing ESG Equity Ratings and Underlying Data in Listed Real Estate Securities

2021 ◽  
Vol 13 (4) ◽  
pp. 2037 ◽  
Author(s):  
Dirk Brounen ◽  
Gianluca Marcato ◽  
Hans Op ’t Veld
Keyword(s):  
Real Estate ◽  
Best Practices ◽  
Stock Returns ◽  
The Real Estate ◽  
Public Property ◽  
European Public ◽  
Property Companies ◽  
Real Estate Securities ◽  
The Impact ◽  
European Markets

By analyzing the adoption of the European Public Real Estate Association’s (EPRA) Sustainability Best Practices Recommendations (sBPR), we examine and discuss the application of transparent environmental, social and governance (ESG) ratings and their interaction with public real estate performance across European markets. Due to increasing concerns about the environment and the impact of investment on society at large, public property companies have made significant progress in improving transparency and enhancing the protection of shareholder value by sharing and reporting ESG best practices. We explore and review the EPRA sBPR database, which is highly useful for investors who are already screening listed real estate companies. Hence, in this project, we carefully study the diffusion process of this new ESG metric as a tool to enhance informational transparency regarding public real estate investment management and assess the effects of this transparency and ESG performance for the real estate stock returns. We find evidence of a sustainability premium that investors are willing to pay to access companies with better sustainable ratings.

Successful Circular Bio-Based Construction Initiatives: Five Essentials from Case Studies

2022 ◽  
Author(s):  
Myron Koster ◽  
Irene Schrotenboer
Keyword(s):  
Real Estate ◽  
Case Studies ◽  
Construction Projects ◽  
Cost Effective ◽  
The Other ◽  
Initiation Phase ◽  
Property Owners ◽  
The Future ◽  
Product And Process

There are challenges surrounding circularity and the application of bio-based material in construction, but also potentials. This paper aims to identify success and fail factors for the initiation phase of construction projects and shows what is essential to realize affordable circular and bio-based. This was specifically investigated for initiators of construction projects, like real estate professionals, property owners and developers. Based on case studies, we describe what these actors should focus on and pursue before the actual construction starts. For the purpose of this paper, research was done and interviews were held with people involved in exemplary projects (case studies). The interviews focused on choices that were made during the initiation phase that were decisive for the degree of circularity and the extent to which bio-based materials were applied. Motivations and consequences were covered. We found that are five essentials for successful circular bio-based construction. These five essentials form the outline of this paper: 1. AFFORDABLE cost-effective & inclusive reuse; 2. FLEXIBLE prepare for future functions; 3. PASSIVE stay cool & healthy with bio-based materials; 4. INTEGRAL continuously reflect on circular bio-based benefits; 5. TRADITIONAL OWNERSHIP keep it, simple. In one case, all five essentials were put into practice, while in the other cases it was a combination of three or four essentials. The five essentials and cases in this paper can be used as inspiration for product and process and could help realize affordable and feasible circular bio-based constructions. By focusing on the essentials, initiators have guidance to prevent valuable resources (including energy) going to waste, today and in the future.

“A Ramona in Reverse”: Writing the Madness of the Spanish Past in Ask the Dust

2020 ◽  
pp. 83-108
Author(s):  
Daniel Gardner
Keyword(s):  
Twentieth Century ◽  
Real Estate ◽  
Southern California ◽  
The Other ◽  
Colonial Discourse ◽  
Colonial Authority ◽  
Racial Injustice ◽  
The Voice

At the turn of the twentieth century, real estate boosters seeking to promote southern California drew upon the national popularity of Helen Hunt Jackson’s 1884 novel Ramona, in particular its fantasy of the Spanish past. The fantasy’s colonial discourse deployed stereotypes marked by an ambivalence that romanticized “going Spanish” even as it portrayed Mexican communities as burdens necessitating subjugation through various strategies including repatriation. John Fante’s Ask the Dust (1939) repudiates the stereotype of the colonial fantasy by critically mimicking the Spanish past. By reversing the discourse of Ramona, Ask the Dust exposes the imperialist nostalgia of the fantasy, recognizes the instability of the regional sense of colonial authority, protests the racial injustice of the discourse, and recuperates the voice of the Other that the fantasy seeks to silence.

An examination of the structure and dynamics of Singapore's maturing Central Area office market

2014 ◽  
Vol 32 (5) ◽  
pp. 485-504 ◽  
Author(s):  
Kim Hin David Ho ◽  
Satyanarain Rengarajan ◽  
John Glascock
Keyword(s):  
Real Estate ◽  
Error Correction ◽  
Central Area ◽  
Content Type ◽  
Office Space ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Office Market ◽  
Office Employment ◽  
Office Rent

Purpose – The purpose of this paper is to examine the structure and dynamics of Singapore's Central Area office market. A long-run equilibrium relationship is tested and a short-run adjustment error correction model are estimated, incorporating appropriate serial error correction. The long-run equation is estimated for office rent, with office employment and available stock. Design/methodology/approach – With the vector error correction model (VECM), the lagged rent, available stock, office employment, vacancy and occupied stock (OS) can impact the rental adjustment process. Equilibrium rent on the whole reacts positively to lagged rents, available stock, office employment, OS and negatively to vacancy rates (VC). Past levels of positive change in VC and rental growth can have negative effects on current OS. Findings – While good economic conditions signaled by increases in rents increase the supply of new stock (available space), higher rents and VC dampen the long-term occupied space (space absorption) in accordance with economic theory. Available stock can be forecasted by past rent and absorption levels owing to the developer's profit-driven nature. Research limitations/implications – An understanding of the interaction between the macroeconomic variables and the Central Area office market is useful to domestic and foreign investors and developers, who then can better evaluate their decision making in commercial real estate investment and development projects. Practical implications – It is implicit that the Singapore Central Area office market requires at least a year before any rental increase can potentially dampen the space demanded. Firms are attracted to locate there owing to agglomeration economies and they are willing to pay premium office rents in conjunction with office space intensification in the Central Area. Newly built space is positively affected by past rents. Urban Redevelopment Authority and private real estate developers should be wary of excess office sector vacancies by avoiding over supply, even though an increase in the supply of office space in the Central Area can have a positive impact on office rent in the longer term. Most of the office space development would tend to meet the demand in the long run. Rental stickiness is exemplified as rental changes are affected by lagged rent. Social implications – Policy makers are better enabled to stabilize the office sectors of the real estate market if so required. Originality/value – The paper adopts the VECM and validated by empirical evidence, to investigate the long-run equilibrium relationship and short-term corrections underlying the dynamics of the Singapore Central office market. Delay in the restoration of equilibrium in real estate markets is attributed to factors like lease terms and supply lags.

Real Estate Administration - Notion, Forms and Legal Regime

2017 ◽  
Vol 21 ◽  
pp. 619-623
Author(s):  
Violeta Herea ◽  
Eduard Antohie
Keyword(s):  
Real Estate ◽  
Private Property ◽  
The Other ◽  
Legal Regime ◽  
The Real Estate ◽  
The Core ◽  
Public Property ◽  
Starting Point ◽  
University Level ◽  
Main Activity

The extent of this field, namely of real estate administration, due to the fact that private property holds the majority compared to public property after 1989, imposed the emergence of profile firms / companies in the field, but also the need to train specialists for this type of activity. Why the real estate administration? Perhaps this question should be the starting point for the reason why we advocate for this type of activity and thus for the training at university level, thus giving it the importance it deserves. The answer to this question is argued by: the capital invested is very small, solvent customers, regular revenues, chances of gains from good to very good, a multilateral activity due to the complexity of administration. On the other hand, this type of activity may be carried out in parallel with the main activity, namely the basic one of each of us. Therefore, many prospective real estate administrators begin to provide services in this area without sacrificing the core business, while performing these along with another activity for another institution. In analysing this issue we invoke the regulations in force which legislate the field which represents the purpose of our analysis. Also, we will present you the advantages of this kind of activity.

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