Author: Patrick Lecomte
Publisher: Routledge
ISBN: 1000395030
Category : Business & Economics
Languages : en
Pages : 222
Book Description
This book introduces three innovative concepts and associated financial instruments with the potential to revolutionise real estate finance. The factorisation of commercial real estate with factor-based real estate derivatives is the first concept analysed in this book. Methodological issues pertaining to factors in real estate risk analysis are covered in detail with in-depth academic reference. The book then analyses the digitalisation of commercial real estate. The environment in which buildings operate is changing fast. Cities which used to be made up of inanimate architectural structures are growing digital skins and becoming smarter. Smart technologies applied to the built environment are fundamentally changing buildings’ role in cities and their interactions with their occupants. The book introduces the concept of smart space and analyses the emergence of ‘digital rights’ or property rights for smart buildings in smart environments. It proposes concepts and methods for identifying, pricing, and trading these new property rights which will dominate commercial real estate in the future. Finally, the tokenisation of commercial real estate is explored. Sometimes described as an alternative to securitisation, tokenisation is a new tool in financial engineering applied to real assets. The book suggests two innovative applications of tokenisation: private commercial real estate index tokenisation and data tokens for smart buildings. With factorisation, digitalisation, and tokenisation, commercial real estate is at the forefront of innovations. Real estate’s unique characteristics, stemming from its physicality, trigger new ways of thinking which might have a profound impact on other asset classes by paving the way for micro markets. Factor-based property derivatives, digital rights, and tokens embody how commercial real estate can push the boundaries of modern capitalism and, in doing so, move at the centre of tomorrow’s smart economies. This book is essential reading for all real estate, finance, and smart technology researchers and interested professionals.
New Frontiers in Real Estate Finance
Author: Patrick Lecomte
Publisher: Routledge
ISBN: 1000395030
Category : Business & Economics
Languages : en
Pages : 222
Book Description
This book introduces three innovative concepts and associated financial instruments with the potential to revolutionise real estate finance. The factorisation of commercial real estate with factor-based real estate derivatives is the first concept analysed in this book. Methodological issues pertaining to factors in real estate risk analysis are covered in detail with in-depth academic reference. The book then analyses the digitalisation of commercial real estate. The environment in which buildings operate is changing fast. Cities which used to be made up of inanimate architectural structures are growing digital skins and becoming smarter. Smart technologies applied to the built environment are fundamentally changing buildings’ role in cities and their interactions with their occupants. The book introduces the concept of smart space and analyses the emergence of ‘digital rights’ or property rights for smart buildings in smart environments. It proposes concepts and methods for identifying, pricing, and trading these new property rights which will dominate commercial real estate in the future. Finally, the tokenisation of commercial real estate is explored. Sometimes described as an alternative to securitisation, tokenisation is a new tool in financial engineering applied to real assets. The book suggests two innovative applications of tokenisation: private commercial real estate index tokenisation and data tokens for smart buildings. With factorisation, digitalisation, and tokenisation, commercial real estate is at the forefront of innovations. Real estate’s unique characteristics, stemming from its physicality, trigger new ways of thinking which might have a profound impact on other asset classes by paving the way for micro markets. Factor-based property derivatives, digital rights, and tokens embody how commercial real estate can push the boundaries of modern capitalism and, in doing so, move at the centre of tomorrow’s smart economies. This book is essential reading for all real estate, finance, and smart technology researchers and interested professionals.
Publisher: Routledge
ISBN: 1000395030
Category : Business & Economics
Languages : en
Pages : 222
Book Description
This book introduces three innovative concepts and associated financial instruments with the potential to revolutionise real estate finance. The factorisation of commercial real estate with factor-based real estate derivatives is the first concept analysed in this book. Methodological issues pertaining to factors in real estate risk analysis are covered in detail with in-depth academic reference. The book then analyses the digitalisation of commercial real estate. The environment in which buildings operate is changing fast. Cities which used to be made up of inanimate architectural structures are growing digital skins and becoming smarter. Smart technologies applied to the built environment are fundamentally changing buildings’ role in cities and their interactions with their occupants. The book introduces the concept of smart space and analyses the emergence of ‘digital rights’ or property rights for smart buildings in smart environments. It proposes concepts and methods for identifying, pricing, and trading these new property rights which will dominate commercial real estate in the future. Finally, the tokenisation of commercial real estate is explored. Sometimes described as an alternative to securitisation, tokenisation is a new tool in financial engineering applied to real assets. The book suggests two innovative applications of tokenisation: private commercial real estate index tokenisation and data tokens for smart buildings. With factorisation, digitalisation, and tokenisation, commercial real estate is at the forefront of innovations. Real estate’s unique characteristics, stemming from its physicality, trigger new ways of thinking which might have a profound impact on other asset classes by paving the way for micro markets. Factor-based property derivatives, digital rights, and tokens embody how commercial real estate can push the boundaries of modern capitalism and, in doing so, move at the centre of tomorrow’s smart economies. This book is essential reading for all real estate, finance, and smart technology researchers and interested professionals.
The New Frontiers of Sovereign Investment
Author: Malan Rietveld
Publisher: Columbia University Press
ISBN: 0231543484
Category : Business & Economics
Languages : en
Pages : 290
Book Description
Sovereign wealth funds (SWFs) can be effective tools for national resources revenue management. These state-owned investments, funded by commodity exports, foreign exchange reserves, or other national assets, are adaptable to the challenges posed by financial shocks and have been successfully employed in an increasing number of countries. The number of SWFs continues to grow, with the largest funds managing trillions of dollars in assets among them. However, given the significant variations among SWFs, it can be difficult to compare funds that differ in size, scope, and mandate. This book provides a sorely needed practical look at how these funds work—and how they should work. The New Frontiers of Sovereign Investment combines the insights and experience of academic economists and practitioners from several funds to survey a diverse financial landscape and establish the challenging topical questions facing a broad range of SWFs today: Should they serve both economic development and financial returns, and how? Will responsible investment enhance long-term returns? How can fiscal rules for SWFs be improved to meet emerging economic challenges? The book considers these questions as they apply to both long-established and newer SWFs. Featuring contributions from sovereign wealth practitioners from Alberta's AIMCo, the Nigerian Sovereign Investment Authority, and the New Zealand Superannuation Fund, as well as analysis by scholars at the forefront of sovereign investment, this volume provides timely and much-needed information on these rapidly evolving institutions.
Publisher: Columbia University Press
ISBN: 0231543484
Category : Business & Economics
Languages : en
Pages : 290
Book Description
Sovereign wealth funds (SWFs) can be effective tools for national resources revenue management. These state-owned investments, funded by commodity exports, foreign exchange reserves, or other national assets, are adaptable to the challenges posed by financial shocks and have been successfully employed in an increasing number of countries. The number of SWFs continues to grow, with the largest funds managing trillions of dollars in assets among them. However, given the significant variations among SWFs, it can be difficult to compare funds that differ in size, scope, and mandate. This book provides a sorely needed practical look at how these funds work—and how they should work. The New Frontiers of Sovereign Investment combines the insights and experience of academic economists and practitioners from several funds to survey a diverse financial landscape and establish the challenging topical questions facing a broad range of SWFs today: Should they serve both economic development and financial returns, and how? Will responsible investment enhance long-term returns? How can fiscal rules for SWFs be improved to meet emerging economic challenges? The book considers these questions as they apply to both long-established and newer SWFs. Featuring contributions from sovereign wealth practitioners from Alberta's AIMCo, the Nigerian Sovereign Investment Authority, and the New Zealand Superannuation Fund, as well as analysis by scholars at the forefront of sovereign investment, this volume provides timely and much-needed information on these rapidly evolving institutions.
New Frontiers of Philanthropy
Author: Lester M. Salamon
Publisher: Oxford University Press
ISBN: 0199357552
Category : Political Science
Languages : en
Pages : 769
Book Description
The resources of both governments and traditional philanthropy are either barely growing or in decline, yet the problems of poverty, ill-health, and environmental degradation balloon daily. It is therefore increasingly clear that we urgently need new models for financing and promoting social and environmental objectives. Fortunately, a significant revolution appears to be underway on the frontiers of philanthropy and social investing, tapping not only philanthropy, but also private investment capital, and providing at least a partial response to this dilemma. This book examines the new actors and new tools that form the heart of this revolution, and shows how they are reshaping the way we go about supporting solutions to social and environmental problems throughout the world. With contributions from leading experts in the field, New Frontiers of Philanthropy provides a comprehensive analysis of the many new institutions that have surfaced on this new frontier of philanthropy and social investment; the new tools and instruments these institutions are bringing to bear; the challenges that these actors and tools still encounter; and the steps that are needed to maximize their impact. The result is a powerful and accessible guide to developments that are already bringing significant new resources into efforts to solve the world's problems of poverty, ill-health, and environmental degradation; unleashing new energies and new sources of ingenuity for social and environmental problem-solving; and generating new hope in an otherwise dismal scenario of lagging resources and resolve. Investors, philanthropists, social entrepreneurs, nonprofit leaders, business executives, government officials, and students the world over will find much to build on in these pages.
Publisher: Oxford University Press
ISBN: 0199357552
Category : Political Science
Languages : en
Pages : 769
Book Description
The resources of both governments and traditional philanthropy are either barely growing or in decline, yet the problems of poverty, ill-health, and environmental degradation balloon daily. It is therefore increasingly clear that we urgently need new models for financing and promoting social and environmental objectives. Fortunately, a significant revolution appears to be underway on the frontiers of philanthropy and social investing, tapping not only philanthropy, but also private investment capital, and providing at least a partial response to this dilemma. This book examines the new actors and new tools that form the heart of this revolution, and shows how they are reshaping the way we go about supporting solutions to social and environmental problems throughout the world. With contributions from leading experts in the field, New Frontiers of Philanthropy provides a comprehensive analysis of the many new institutions that have surfaced on this new frontier of philanthropy and social investment; the new tools and instruments these institutions are bringing to bear; the challenges that these actors and tools still encounter; and the steps that are needed to maximize their impact. The result is a powerful and accessible guide to developments that are already bringing significant new resources into efforts to solve the world's problems of poverty, ill-health, and environmental degradation; unleashing new energies and new sources of ingenuity for social and environmental problem-solving; and generating new hope in an otherwise dismal scenario of lagging resources and resolve. Investors, philanthropists, social entrepreneurs, nonprofit leaders, business executives, government officials, and students the world over will find much to build on in these pages.
The Financialization of Latin American Real Estate Markets
Author: Alfonso Valenzuela Aguilera
Publisher: Taylor & Francis
ISBN: 1000600572
Category : Business & Economics
Languages : en
Pages : 217
Book Description
The Financialization of Latin American Real Estate Markets: New Frontiers introduces the fundamental principles of urban economics, housing, and large-scale real estate development in Latin America and equips aspiring investors and developers with the foundations for success in a unique, dynamic region. Using case studies from the Americas, this textbook provides a framework for assessing the economic, technological, social, and political forces that shape urban space, helping readers understand the aims and risks of real estate investment. Chapters on economic theory, novel financial instruments, and the regulatory environment connect real-world practice to the latest scholarly conversations in urban planning, real estate finance and development, and regional studies. Informed by the author’s extensive experience as an academic and practitioner throughout the region, this distinctive resource sheds light on the relationship between financial capital and urban form, and places Latin American cities at the center of the urban economy debate. Features: Provides a thorough introduction to the mechanics of real estate markets, grounding spatial and economic theories with practical examples of the tools used to finance urban development in Latin America Centers around case studies from Mexico, Brazil, Chile, Panama, Argentina, and Colombia—some of the region’s most dynamic markets Presents financial instruments such as mortgage-backed securities, collateralized debt obligations, credit default swaps, and real estate investment trusts in a global context Examines State policies and programs for housing and infrastructure in Latin America, demonstrating regional patterns and new perspectives Covers real estate finance from housing to megaprojects, exploring recent trends in infrastructure, commercial centers, and tourism with an eye toward sustainable financing practices for the future Suitable for graduate and upper-level undergraduate students of real estate, urban planning, and Latin American studies, The Financialization of Latin American Real Estate Markets: New Frontiers also serves as essential reading for professionals in international real estate finance and development.
Publisher: Taylor & Francis
ISBN: 1000600572
Category : Business & Economics
Languages : en
Pages : 217
Book Description
The Financialization of Latin American Real Estate Markets: New Frontiers introduces the fundamental principles of urban economics, housing, and large-scale real estate development in Latin America and equips aspiring investors and developers with the foundations for success in a unique, dynamic region. Using case studies from the Americas, this textbook provides a framework for assessing the economic, technological, social, and political forces that shape urban space, helping readers understand the aims and risks of real estate investment. Chapters on economic theory, novel financial instruments, and the regulatory environment connect real-world practice to the latest scholarly conversations in urban planning, real estate finance and development, and regional studies. Informed by the author’s extensive experience as an academic and practitioner throughout the region, this distinctive resource sheds light on the relationship between financial capital and urban form, and places Latin American cities at the center of the urban economy debate. Features: Provides a thorough introduction to the mechanics of real estate markets, grounding spatial and economic theories with practical examples of the tools used to finance urban development in Latin America Centers around case studies from Mexico, Brazil, Chile, Panama, Argentina, and Colombia—some of the region’s most dynamic markets Presents financial instruments such as mortgage-backed securities, collateralized debt obligations, credit default swaps, and real estate investment trusts in a global context Examines State policies and programs for housing and infrastructure in Latin America, demonstrating regional patterns and new perspectives Covers real estate finance from housing to megaprojects, exploring recent trends in infrastructure, commercial centers, and tourism with an eye toward sustainable financing practices for the future Suitable for graduate and upper-level undergraduate students of real estate, urban planning, and Latin American studies, The Financialization of Latin American Real Estate Markets: New Frontiers also serves as essential reading for professionals in international real estate finance and development.
Proceedings of the 5th International Conference on Economic Management and Green Development
Author: Xiaolong Li
Publisher: Springer Nature
ISBN: 9811905649
Category : Business & Economics
Languages : en
Pages : 846
Book Description
The proceedings consist of papers accepted by the 5th ICEMGD, which are carefully selected and reviewed by professional reviewers from corresponding research fields and the editing committee of the conference. The papers have a diverse range of topics situated at the intersecting field of Economic Management, Public Administration and Green Development. ICEMGD is working to provide a platform for international participants from fields like macro- and microeconomics, international economics, finance, agricultural economics, health economics, business management and marketing strategies, regional development studies, social governance, and sustainable development. This proceedings volume, together with the conference, looks forward to spark inspirations and promote collaborations. It will be of interest to researchers, academics, professionals and policy makers in the field of economic management, public administration, and development studies. Due to COVID-19, ICEMGD was held online on 12-17 August, 2021.
Publisher: Springer Nature
ISBN: 9811905649
Category : Business & Economics
Languages : en
Pages : 846
Book Description
The proceedings consist of papers accepted by the 5th ICEMGD, which are carefully selected and reviewed by professional reviewers from corresponding research fields and the editing committee of the conference. The papers have a diverse range of topics situated at the intersecting field of Economic Management, Public Administration and Green Development. ICEMGD is working to provide a platform for international participants from fields like macro- and microeconomics, international economics, finance, agricultural economics, health economics, business management and marketing strategies, regional development studies, social governance, and sustainable development. This proceedings volume, together with the conference, looks forward to spark inspirations and promote collaborations. It will be of interest to researchers, academics, professionals and policy makers in the field of economic management, public administration, and development studies. Due to COVID-19, ICEMGD was held online on 12-17 August, 2021.
Housing in 21st-Century Australia
Author: Rae Dufty-Jones
Publisher: Routledge
ISBN: 1317121007
Category : Political Science
Languages : en
Pages : 255
Book Description
Over the last two decades new and significant demographic, economic, social and environmental changes and challenges have shaped the production and consumption of housing in Australia and the policy settings that attempt to guide these processes. These changes and challenges, as outlined in this book, are many and varied. While these issues are new they raise timeless questions around affordability, access, density, quantity, type and location of housing needed in Australian towns and cities. The studies presented in this text also provide a unique insight into a range of housing production, consumption and policy issues that, while based in Australia, have implications that go beyond this national context. For instance how do suburban-based societies adjust to the realities of aging populations, anthropogenic climate change and the significant implications such change has for housing? How has policy been translated and assembled in specific national contexts? Similarly, what are the significantly different policy settings the production and consumption of housing in a post-Global Financial Crisis period require? Framed in this way this book accounts for and responds to some of the key housing issues of the 21st century.
Publisher: Routledge
ISBN: 1317121007
Category : Political Science
Languages : en
Pages : 255
Book Description
Over the last two decades new and significant demographic, economic, social and environmental changes and challenges have shaped the production and consumption of housing in Australia and the policy settings that attempt to guide these processes. These changes and challenges, as outlined in this book, are many and varied. While these issues are new they raise timeless questions around affordability, access, density, quantity, type and location of housing needed in Australian towns and cities. The studies presented in this text also provide a unique insight into a range of housing production, consumption and policy issues that, while based in Australia, have implications that go beyond this national context. For instance how do suburban-based societies adjust to the realities of aging populations, anthropogenic climate change and the significant implications such change has for housing? How has policy been translated and assembled in specific national contexts? Similarly, what are the significantly different policy settings the production and consumption of housing in a post-Global Financial Crisis period require? Framed in this way this book accounts for and responds to some of the key housing issues of the 21st century.
Lim Kim San
Author: Asad Latif
Publisher: Institute of Southeast Asian Studies
ISBN: 9812309284
Category : Biography & Autobiography
Languages : en
Pages : 284
Book Description
Lim Kim San's name is linked inextricably to Singapore's public housing. This is entirely appropriate because he played a crucial role in the success of the Housing Board, which transformed both the country's physical landscape and gave Singaporeans a tangible stake in the future of their young nation. However, important though Lim's role was at the Board and as Minister for National Development, it was not his sole contribution to Singapore. He made a decisive difference in several other key areas, including Finance, and Interior and Defence. This biography draws on Lim's Oral History Interview, which was made accessible to the author, the Hansard, Lim's speeches, and newspaper clippings, in addition to fresh interviews conducted with other Singapore leaders who had worked with Lim. The result is a composite picture of a great Singapore leader.
Publisher: Institute of Southeast Asian Studies
ISBN: 9812309284
Category : Biography & Autobiography
Languages : en
Pages : 284
Book Description
Lim Kim San's name is linked inextricably to Singapore's public housing. This is entirely appropriate because he played a crucial role in the success of the Housing Board, which transformed both the country's physical landscape and gave Singaporeans a tangible stake in the future of their young nation. However, important though Lim's role was at the Board and as Minister for National Development, it was not his sole contribution to Singapore. He made a decisive difference in several other key areas, including Finance, and Interior and Defence. This biography draws on Lim's Oral History Interview, which was made accessible to the author, the Hansard, Lim's speeches, and newspaper clippings, in addition to fresh interviews conducted with other Singapore leaders who had worked with Lim. The result is a composite picture of a great Singapore leader.
The Globalisation of Real Estate
Author: Dallas Rogers
Publisher: Routledge
ISBN: 1351265784
Category : Business & Economics
Languages : en
Pages : 244
Book Description
Individual foreign investment in residential real estate by new middle-class and super-rich investors is re-emerging as a key issue in academic, policy and public debates around the world. At its most abstract, global real estate is increasingly thought of as a liquid asset class that is targeted by foreign individual investors who are seeking to diversify their investment portfolios. But foreign investors are also motivated by intergenerational familial security, transnational migration strategies and short-term educational plans, which are all closely entwined with global real estate investment. Government and local public responses to the latest manifestation of global real estate investment have taken different forms. These range from pro-foreign investment, primarily justified on geopolitical and macro-economic grounds, to anti-foreign investment for reasons such as mitigating public dissent and protecting the local housing market. Within this changing geopolitical context, this book offers a diverse range of case studies from Canada, Hong Kong, Singapore, Russia, Australia and Korea. It will be of interest to academics, policymakers and university students who are interested in the globalisation of local real estate. The chapters in this book were originally published in the International Journal of Housing Policy.
Publisher: Routledge
ISBN: 1351265784
Category : Business & Economics
Languages : en
Pages : 244
Book Description
Individual foreign investment in residential real estate by new middle-class and super-rich investors is re-emerging as a key issue in academic, policy and public debates around the world. At its most abstract, global real estate is increasingly thought of as a liquid asset class that is targeted by foreign individual investors who are seeking to diversify their investment portfolios. But foreign investors are also motivated by intergenerational familial security, transnational migration strategies and short-term educational plans, which are all closely entwined with global real estate investment. Government and local public responses to the latest manifestation of global real estate investment have taken different forms. These range from pro-foreign investment, primarily justified on geopolitical and macro-economic grounds, to anti-foreign investment for reasons such as mitigating public dissent and protecting the local housing market. Within this changing geopolitical context, this book offers a diverse range of case studies from Canada, Hong Kong, Singapore, Russia, Australia and Korea. It will be of interest to academics, policymakers and university students who are interested in the globalisation of local real estate. The chapters in this book were originally published in the International Journal of Housing Policy.
Singapore's Real Estate
Author: Ngee Huat Seek
Publisher: World Scientific
ISBN: 9814689270
Category : Business & Economics
Languages : en
Pages : 300
Book Description
"Singapore's Real Estate: 50 Years of Transformation documents the transformation and development of the real estate market in Singapore over the past 50 years. This volume is organised around two major themes, and covers issues from the "bricks and mortar" to the capital markets; and from local to international real estate markets. The themes aptly describe how real estate has played an important role in the economic development and growth of Singapore from a third world to a first world country. Written by well-renowned experts with deep academic and practical knowledge of the progress of real estate in Singapore, this book highlights the uniqueness of real estate markets and institutions in Singapore, which have constantly been replicated and adopted in other markets."--Provided by publisher
Publisher: World Scientific
ISBN: 9814689270
Category : Business & Economics
Languages : en
Pages : 300
Book Description
"Singapore's Real Estate: 50 Years of Transformation documents the transformation and development of the real estate market in Singapore over the past 50 years. This volume is organised around two major themes, and covers issues from the "bricks and mortar" to the capital markets; and from local to international real estate markets. The themes aptly describe how real estate has played an important role in the economic development and growth of Singapore from a third world to a first world country. Written by well-renowned experts with deep academic and practical knowledge of the progress of real estate in Singapore, this book highlights the uniqueness of real estate markets and institutions in Singapore, which have constantly been replicated and adopted in other markets."--Provided by publisher
Globalization and Dynamics of Urban Production
Author: Natacha Aveline-Dubach
Publisher: John Wiley & Sons
ISBN: 1789451388
Category : Social Science
Languages : en
Pages : 276
Book Description
Over the last 20 years, urbanization processes have undergone profound transformations under the growing influence of private actors, particularly in the financial sector. This has exposed the physical environment of various cities to global capital flows, which has generated an overall rise in real estate values on a global scale. This is often disconnected from the financial capacities of local actors – primarily households – which then increases the inequalities and vulnerabilities of societies regarding financial and environmental risks. This book offers the keys to understanding these new dynamics of capital accumulation in the general built-up environment of cities by taking into account the diversity of their configurations, their intensity and their urban effects according to national contexts. Beyond the cases involving the major Western countries, the initial centers of the financial industry and the theorizations on the urban, this book addresses the particular contexts of real estate production in four major regions: Northeast Asia, Southeast Asia, the Middle East and West Africa.
Publisher: John Wiley & Sons
ISBN: 1789451388
Category : Social Science
Languages : en
Pages : 276
Book Description
Over the last 20 years, urbanization processes have undergone profound transformations under the growing influence of private actors, particularly in the financial sector. This has exposed the physical environment of various cities to global capital flows, which has generated an overall rise in real estate values on a global scale. This is often disconnected from the financial capacities of local actors – primarily households – which then increases the inequalities and vulnerabilities of societies regarding financial and environmental risks. This book offers the keys to understanding these new dynamics of capital accumulation in the general built-up environment of cities by taking into account the diversity of their configurations, their intensity and their urban effects according to national contexts. Beyond the cases involving the major Western countries, the initial centers of the financial industry and the theorizations on the urban, this book addresses the particular contexts of real estate production in four major regions: Northeast Asia, Southeast Asia, the Middle East and West Africa.