“Scan to BIM”-technologies for the management of pre-existing buil-dings and portfolios – is there an added value for real estate owners?

2019 ◽  
Author(s):  
Michael Nadler ◽  
Christoph Ebbing
Keyword(s):  
Real Estate ◽  
Added Value

Empirical Study on Factors Influencing the Development of Construction Industry - Based on Anhui Construction

2012 ◽  
Vol 193-194 ◽  
pp. 1300-1306 ◽  
Author(s):  
Shi Dong Yang
Keyword(s):  
Real Estate ◽  
Granger Causality ◽  
Construction Industry ◽  
Impulse Response Function ◽  
External Factors ◽  
Added Value ◽  
Linear Regression Method ◽  
Real Estate Industry ◽  
Causality Test ◽  
Factors Affecting

The paper, on the basis of the statistical data from 1980 to 2009 in Anhui province, uses linear regression method, Johansen test, Granger causality test and impulse response function to analyze the internal and external factors affecting the development of construction in Anhui. The results show as follows: the development of Anhui construction industry is characterized with the extensive economic growth pattern; the long-term equilibrium relationship is identified between the added value of the construction industry and its external factors; GDP and the added value of the real estate industry are the Granger causality of the economic development in construction; Real estate industry has made more contributions to driving the development of construction industry than that of GDP. In addition, this thesis gives some suggestions on the development of Anhui construction industry.

The state of value creation in the real-estate sector – lessons from lean thinking

2014 ◽  
Vol 32 (1) ◽  
pp. 28-47 ◽  
Author(s):  
Tuuli Jylhä ◽  
Seppo Junnila
Keyword(s):  
Real Estate ◽  
Value Creation ◽  
Service Providers ◽  
Added Value ◽  
Lean Thinking ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector

Purpose – Although great emphasis has been given to the added value of real estate, the current studies miss the phase when the actual value is created, i.e., the production phase of real-estate services. Therefore, the purpose of this paper is to evaluate the current state of value creation of the commercial real-estate services from a lean thinking perspective. Design/methodology/approach – Value creation is studied in four Finnish cases through 122 interviews and eight workshops. Findings – Cross-case analysis identified six sources of waste resulting as poor value creation: sub-process optimisation instead of optimising the entire process, the price minimisation instead of cost minimisation, difficulties responding to customer value, overloaded employees, inability to make improvements, and poorly managed information. Research limitations/implications – Although the findings are grounded on a solid data collection and analysis, the case study nature of the research and the Finnish case study settings create limitations for the generalisation of the findings. Practical implications – Service providers and other process owners can use the findings to improve their value creation and increase the productivity of their service processes. Originality/value – This is one of the first research studies that utilise lean thinking in commercial service processes in the real-estate sector and thus provides new insight into how to increase productivity through waste minimisation.

Towards customer delight: Added value in public sector corporate real estate

2001 ◽  
Vol 3 (3) ◽  
pp. 215-221 ◽  
Author(s):  
Chris Wilson ◽  
Joan Leckman ◽  
Kahlil Cappucino ◽  
Wim Pullen
Keyword(s):  
Public Sector ◽  
Real Estate ◽  
Added Value ◽  
Corporate Real Estate ◽  
Customer Delight

scholarly journals Hidden Public Value Identification of Real Estate Management Decisions

2019 ◽  
Vol 27 (4) ◽  
pp. 96-104
Author(s):  
Jan K. Kazak ◽  
Nataša Simeunović ◽  
Andreas Hendricks
Keyword(s):  
Real Estate ◽  
Urban Redevelopment ◽  
Urban Traffic ◽  
Added Value ◽  
Public Value ◽  
Public And Private ◽  
Suggested Approach ◽  
Urban Policies ◽  
Causal Loop ◽  
Causal Loop Diagrams

Abstract Seeing as how cities nowadays have to face many challenges (such as: urban traffic management, revitalization, and adaptation to climate change.), different kinds of urban policies and actions are undertaken. Many of these actions result in changes that influence real estate, mostly by improving the conditions of public services. However, implementation of such urban policies is connected with significant costs that have to be covered by public funds. Therefore, the question arises how we can analyze the assumed benefits from the increase of real estate value? Which tool could allow stakeholders to search for potential added value? The aim of this paper is to present the methodological approach to improving the communication between stakeholders for the visualization of relations between public actions and potential benefits. The analyses cover benefits that can occur both in public and private budgets. The focal point of this paper is the presentation of causal loop diagrams as a tool that could be incorporated for public value identification on specific investments. The application of the suggested approach is visualized on two examples of urban redevelopment activities. Causal loop diagrams are prepared for the construction of a metro system and implementation of a water retention facility. The results show that both types of urban redevelopment actions have an impact on the creation of value, which can be observed both in public and private benefits. However, not all kinds of activities impact an increase in the market value of real estate and can be measured as incomes in budgets.

scholarly journals Added value of sites suitable for sustainable office development

2021 ◽  
Vol 13 (2) ◽  
pp. 2465-2471
Author(s):  
Josef Kupec
Keyword(s):  
Real Estate ◽  
Free Market ◽  
Market Value ◽  
Commercial Real Estate ◽  
Added Value ◽  
The Real Estate ◽  
Real Estate Valuation ◽  
Valuation Methodology ◽  
The Impact ◽  
Office Development

Abstract Valuations of real estate are widely used for various purposes and it relied always upon the financial and other markets. Valuation methodology is based on the operation of the free market economy and the real estate properties. The issue of certified properties is relatively new in the field of real estate valuation and is not sufficiently explored. Certified buildings are preferred by major corporate tenants with international field of activity who often have ethical rules for sustainable development. Therefore, certified properties are attractive to international commercial real estate investors who have higher purchasing power and are willing to pay a higher purchase price. Sustainable property certification is an element affecting the market value of the property. The purpose of this presented research is to quantify the impact of property certification on the value of office properties in Prague and subsequently to determine the impact of sustainability certificates on the market value of the land by using basic valuation techniques. The outcome of the project could be used by real estate valuation experts as a guideline to consider the future project certification and its impact on the land market value.

Appraisal Model on the Values of the Green Ecological Real Estate Brand

2011 ◽  
Vol 480-481 ◽  
pp. 815-820
Author(s):  
Hong Ren ◽  
Jian Bing Liu
Keyword(s):  
Real Estate ◽  
Average Cost ◽  
Cost Of Capital ◽  
Weighted Average ◽  
Added Value ◽  
Brand Value ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Enterprises ◽  
Real Estate Brand

The real estate has become an important pillar industry in our current, green ecological real brand is one of the most important intangible assets of the real estate enterprises. How to appraise the value of green ecological real value is the difficult problem of the real estate enterprises and theory horizon, and is also the problem of the real estate enterprises very concerned about and urgent need to solve. This article analyzed the traditional methods of assessing the brand value assets ，the new appraisal method of green ecological real estate brand value is proposed based on the economic added value and the weighted average cost of capital model and β coefficient , the economic added value more reflects the objective earning power of green ecological real estate brand , the weighted average cost of capital models and β coefficient reflects the actual performance of green ecological real estate, the evaluation results approach the objective and reasonable results, The method provides an important technical support and guarantee for appraising the value of green ecological real estate brand.

scholarly journals Attributes of alignment of real estate and facilities management to business needs

2014 ◽  
Vol 16 (2) ◽  
pp. 80-96 ◽  
Author(s):  
Danny Shiem-shin Then ◽  
Teng-hee Tan ◽  
Rogerio Fonseca Santovito ◽  
Per Anker Jensen
Keyword(s):  
Real Estate ◽  
Balanced Scorecard ◽  
Supply And Demand ◽  
Added Value ◽  
Facilities Management ◽  
Content Type ◽  
Implementation Model ◽  
Estate Property ◽  
Business Needs ◽  
Questionnaire Surveys

Purpose – The purpose of this paper is to present a model for consideration of real estate and facilities management (RE/FM) alignment to business needs and to validate the model based on questionnaire surveys carried out in a number of countries around the world. Design/methodology/approach – The model for RE/FM alignment is inspired by the work of the fathers of the Balanced Scorecard in their book called Alignment. The model includes a number of criteria for alignment between business needs, facility solutions, FM services and FM resources. Three multi-year questionnaire surveys were conducted using the same methodology: the surveys have been carried out in three rounds in different languages: English, Portuguese and Danish. The respondents were senior professionals in the area of FM and real estate/property, mostly working at strategic levels, and representing countries in Asia, Australia, Europe, North America, and South America. The results of the different surveys were combined and then analyzed, using both statistical analysis and tests to validate the results. Differences in the priorities of the alignment criteria in the different regions are described and analyzed. Findings – A main result of the surveys is that all of the alignment criteria were seen as relevant and useful in nearly all countries, but the accorded priorities to the different criteria varied significantly for some of the alignment variables in the different regions. The highest degree of agreement was on “capacity”, being the most important criteria for the alignment between supply and demand of facility solutions in relation to business needs. One of the main differences in agreement was between the importance of strategy versus cost in the alignment between “facility solutions” and “FM services”. Originality/value – Alignment of RE/FM to business needs is an essential management task and an important tool for RE/FM executives to create added value to their core business. However, there has so far only been limited research into such an alignment concept applicable to FM and an implementation model.

Designing a preference-based accommodation strategy

2015 ◽  
Vol 17 (2) ◽  
pp. 98-121 ◽  
Author(s):  
Monique Arkesteijn ◽  
Bart Valks ◽  
Ruud Binnekamp ◽  
Peter Barendse ◽  
Hans De Jonge
Keyword(s):  
Mathematical Model ◽  
Real Estate ◽  
Corporate Strategy ◽  
Design Method ◽  
Individual Preference ◽  
Design Procedure ◽  
Added Value ◽  
Content Type ◽  
Wide Range ◽  
Corporate Real Estate

Purpose – This paper aims to describe the development and test of such a design method to achieve alignment, which utilises the preference-based accommodation strategy (PAS) design procedure. One of the long-standing issues in the field of corporate real estate management is the alignment of an organisation’s real estate to its corporate strategy. A classification of alignment models shows that no model yet exists that is able to design a real estate portfolio and makes use of scales for direct measurement of added value/preference, and allows the aggregation of individual ratings into an overall performance rating. Design/methodology/approach – To perform the steps in the PAS design procedure, a mathematical model is designed and tested according to formal design principles. The PAS design procedure is iteratively repeated with the participants in a series of interviews and workshops. In the interviews, the participants determine their preferences and constraints as prescribed in the procedure; in the workshops, they design alternative portfolios using the mathematical model. The objective of the research is to formulate, test and evaluate if participants are able to perform the PAS design procedure. Findings – A methodology is developed for designing a real estate strategy that uses explicit scales for measuring value/preference and enables aggregating individual preference ratings into an overall rating taking into account both quantitative and qualitative portfolio properties. The tests of this design method with the participants reveal that by completing the steps in the PAS design procedure, users are able to determine their preferences accordingly. They were also able to design an alternative portfolio with a higher overall preference score than the current real estate portfolio. In addition, the design method is evaluated positively by the participants based on their experiences, the attractiveness of the method and perception of effectiveness of the method. Research limitations/implications – The positive results suggest that designing a strategy by using the PAS design procedure is a suitable approach to alignment. Practical implications – The PAS design procedure enables corporate real estate (CRE) managers to determine the added value of a real estate strategy. Because the PAS design method is generic, it can be used for a wide range of real estate portfolios. Originality/value – The first CRE alignment model uses stakeholders preferences to design a more optimal real estate strategy.

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