Academic literature on the topic 'Property development'

Although there are similarities between hotel and other commercial property developments in terms of land, structures and services, it is important when developing hotels to understand that they have unique characteristics. These unique characteristics are that hotels require specific management expertise, are usually a “single-use” property, whose primary revenue is generated from a service-based industry, and has a market value that is directly related to its ability to generate future net income. The essence of successful hotel property developments lies in understanding these unique characteristics, as illustrated in the dissertation literature review. In addition, the dissertation identifies various critical success factors for hotel development which in turn is incorporated into a hotel property development framework, establishing a practical ‘road map’ for successful hotel developments. The literature review incorporates a wide range of hotel topics, such as the principles of a hotel business, fundamentals of the tourism industry as a motivator for hotel development, property development in general, hotel property development, strategic hotel management, hotel property development feasibility studies, hotel market analysis, financial feasibility, risk management of hotel developments, financing of hotel property developments, the project team and consultants, the design phases, and finally the construction phase. The dissertation empirical study tests the validity of the hotel property development framework, by presenting it to and questioning hotel development professionals in intensive direct interviews.<br>Dissertation (MSc(Real Estate))--University of Pretoria, 2007.<br>Construction Economics<br>unrestricted

Globally, urban sustainability is shifting its focus from individual building to sustainability at precinct, neighbourhood and community levels. This dissertation aims to determine whether the South African urban development industry has a need for the introduction and incorporation of a precinct level urban sustainability rating tool. This dissertation employs a literature review and single case study approach to define precinct level urban sustainability, to explore existing sustainability initiatives and to investigate the expected impacts of a South African precinct level urban sustainability rating tool. The research finds that while there ha been interest in precinct level sustainability from the private sector and some leading municipalities, precinct level sustainability runs the risks of becoming nothing more than a political catch-phrase and of becoming stuck in an ongoing cycle of planning, especially from a national regulatory point of view. It is expected that the introduction of a South African precinct level sustainability rating tool will mitigate this situation by providing motivation for the adoption of, and a clear guideline for the physical implementation of, wider sustainability principles and objectives.

Property development (PD) is basically driven by the need or demand from the people. Sustainable property development has emerged in response to a global problem – and the need to maintain environmental integrity, according to Gurry (2011) cited by Botha (2013: 7). Keeping and Shiers (2004) state that property development, as a whole, has to balance social, economic and environmental needs. Emanating from the above, any successful development project must offer investors security, infrastructure and efficiency and should also put the needs of citizens at the forefront of all its planning activities. Availability of land, existing infrastructure, availability of finance, economic conditions, political influence and corruption always influence growth of property development in any area. This study aims to identify factors that contribute to lack of property development in Mthatha. Data collected shows that the challenges sometimes lead to failure and delays of the development. The purpose of this study is to identify these challenges, investigate the available literature, consider what has been done so far to address these challenges and make recommendations. It is essential to understand the state of the town and perceptions of the people in the area dealing with Property Development. Mthatha is the main focus of the study because of the perceived number of failed and delayed property development initiatives. The primary and secondary data collected provide the basis for understanding challenges that lead to such failures and delays. This research was conducted by means of a review of the related literature and an empirical study. The empirical study was conducted using a quantitative statistical approach by distributing research questionnaires to members falling within the sample population. The primary objective of the study is to develop a framework for successful implementation of property developments in Mthatha. The study’s findings reveal shortcomings which contribute to the study’s identified problems relating to property development in Mthatha, namely: decaying infrastructure, shortage of land, implementation of the IDP, availability of finance to promote real estate developments, political influence and corruption. Wikipedia defines Property Development as a “multifaceted business encompassing activities that range from the renovations and release of existing buildings to the purchase of land and the sale of improved land or parcels to others”. Harvey and Jowsey (2004), as cited by Botha (2013: 5), define Property Development as a process that involves changing or intensifying the use of land to produce buildings for occupation.

Ever since the issue of inaccuracy and variance in commercial property valuation was first documented in the mid-80s by Brown (1985) and Hager and Lord (1985), many researchers have investigated the complex factors involved in effective problem solving in the valuation domain, focusing on the valuer and the valuation process. Several behavioural issues, including heuristics, have been noted to affect valuation outcomes. There is a growing literature on understanding the concept of expertise, especially using the field of cognitive psychology, and the present research explores valuer’s cognitions in a commercial valuation context. The study aimed to determine how the role of valuers’ cognitions and cognitive structures are crucial in furthering our understanding of effective valuation problem solving, as well as improving valuer training efforts. The research was undertaken from a ‘Critical Realist’ perspective, and used a knowledge elicitation method called ‘Cognitive Task Analysis’. Data were collected through a ‘Verbal Protocol Analysis’ (VPA) of a simulated commercial valuation exercise based on a real building, using semi-structured interviews. Six subjects (comprising two expert valuers, two intermediate valuers and two novice valuers) participated in the simulated valuation and in the follow-up interviews. Two further experts were interviewed to validate the findings.

Thesis advisor: Dennis Hale<br>The right to property is debatably the most fundamental American right, and its breadth and strength is more controversial today than ever before. Thus it is more important than ever to understand that its development was not accidental but has had a long and fascinating history. Such a conception of property was theoretically formed by John Locke, recognized by the Founding Fathers in the U.S. Constitution, and developed through case law. The purpose of this thesis is to show the significance of the idea of private property for America and its citizens, the development and history of that idea through past cases, and the implications of the idea and its development of the future of America<br>Thesis (BA) — Boston College, 2007<br>Submitted to: Boston College. College of Arts and Sciences<br>Discipline: Political Science<br>Discipline: College Honors Program

This research examines property development by British Gas since privatisation. Previous literature on land and property development processes, business management, privatisation and urban regeneration, is reviewed. Property development by British Gas is considered not as an isolated process, but within the wider context of privatisation, economic restructuring and urban regeneration. Since diversification into property dealing and development, British Gas has sought to transform many of its former gasworks sites. Over the years, these had become disused, derelict and surplus to its operational requirements. This strategy has established a property development company within British Gas. The process and extent of British Gas's property development is examined in detail. However, it is argued that this activity is not fully understood unless related to wider driving processes. It has been possible to address this problem using Structure and Agency theory, the approach underlying this research. From this theoretical perspective, a hierarchy of driving processes, from privatisation and market forces to corporate reorganisation and business strategies, is identified. Some of the difficulties of connecting structural processes to activities of agents may be surmounted through definition of the boundary between the two. This approach has been necessary to explain why British Gas became a property developer. Departing from its traditional, more passive approach to property development and, in consideration of the contaminated nature of its surplus sites, it is argued that these wider processes and corporate property strategy have led to a proactive approach to development by British Gas, during the 1990's. This research has thus aimed to establish a relationship between a hierarchy of forces that have driven the British Gas development process. Future property research, by applying the Structure and Agency perspective, can develop it and add to understanding about how and why corporate property development interests and pursuits change.

Coastal flooding is threatening both natural habitats and urban areas. This project investigates the feasibility of developing a property-based flood GIS for residential areas located close to the shoreline. Using high-resolution topography and cadastral data, together with the ArcGIS Model Builder, coastal flooding can be modelled on a property-by-property level. It will be shown that high-resolution topography, including flood visualisation, is important when investigating and mitigating the impact of coastal flooding on residential areas.

Since the 1960s, many developing countries have introduced IP laws to help them in their social and economic development. Introducing these laws was considered as a civilised act and a precondition of developing countries‘ progress from being =under-developed‘ to becoming =developed‘. In 2004, Brazil and Argentina presented a comprehensive proposal on behalf of developing countries to establish the Development Agenda in the World Intellectual Property Organisation (WIPO). They put forward a view that IP laws in their current form are not helping those countries in their development, as is constantly being suggested by developed countries, and that there is a need to rethink the international IP system and the work of WIPO. The research undertaken examines the correlation between IP and social and economic development. It investigates how IP systems in developing countries could work to advance their development, especially in the context of the internet. The research considers the theory and practice of IP and development, and proposes a new IP framework which developing countries could employ to further their social and economic development.

The study examines five different development areas in Stockholm, factors that influenced the development and similarities between them. The term "Trendline 5S" is coined and includes Stockholm City, Stockholm Odenplan, Stockholm, Sollentuna and Sigtuna. The results indicate many similarities between the areas and the most crucial elements are the short distance to the airport, transport links and major construction projects. Other factors, which were not as measurable as the previous ones but yet important, were the popularity of the area, desire to settle down, access to services such as supermarket, shopping, culture, etc. and also the "hustle and bustle". Previous research has highlighted the importance of sustainable development and concepts such as "The Creative Class" and "Smart City" are efforts to accelerate the process through creative thinking and new information technology. The phenomenon of the so-called trendline could possibly be found in studies of other areas in the world and thus provide a decision support system for many stakeholders in the property market.<br>Den här studien undersöker fem olika utvecklingsområden i Stockholm, faktorer som påverkat utvecklingen och samband mellan dem. Begreppet "Trendlinjen 5S" myntas och innefattar Stockholm City, Stockholm Odenplan, Solna, Sollentuna och Sigtuna. Resultatet pekar på många likheter områdena emellan och de mest centrala faktorerna är närheten till flygplats, kommunikationsförbindelser och större nybyggnadsprojekt. Andra faktorer som inte varit lika mätbara, men dock minst lika viktiga, har varit attraktiviteten av området, viljan att bostätta sig där, närhet och tillgänglighet till service såsom mataffär, shopping, kultur o.s.v. och även "liv och rörelse". Tidigare forskning har belyst vikten av en hållbar utveckling och koncept såsom "The Creative Class" och "Smart City" är satsningar för att påskynda den processen genom kreativt tänkande och ny informationsteknologi. Fenomenet med den så kallade trendlinjen skulle möjligen kunna påträffas vid studier av andra områden i världen och därmed också kunna fungera som beslutstödsystem för flera intressenter på fastighetsmarknaden.

Thesis (Ph. D.)--University of Oregon, 2001.<br>Typescript. Includes vita and abstract. Includes bibliographical references (leaves 260-272). Also available for download via the World Wide Web; free to University of Oregon users.