Sustainable Development of Real Estate

Research, theoretical and practical tasks of sustainable real estate development process are revised in detail in this monograph; particular examples are presented as well. The concept of modern real estate development model and a developer is discussed, peculiarities of the development of built environment and real estate objects are analyzed, as well as assessment methods, models and management of real estate and investments in order to increase the object value. Theoretical and practical analyses, presented in the monograph, prove that intelligent and augmented reality technologies allow business managers to reach higher results in work quality, organize a creative team of developers, which shall present more qualitative products for the society. The edition presents knowledge on economic, legal, technological, technical, organizational, social, cultural, ethical, psychological and environmental, as well as its management aspects, which are important for the development of real estate: publicly admitted sustainable development principles, urban development and aesthetic values, territory planning, participation of society and heritage protection. It is admitted that economical crises are inevitable, and the provided methods shall help to decrease possible loss. References to the most modern world scientific literature sources are presented in the monograph. The monograph is prepared for the researchers, MSc and PhD students of construction economics and real estate development. The book may be useful for other researchers, MSc and PhD students of economics, management and other specialities, as well as business specialist of real estate business. The publication of monograph was funded by European Social Fund according to project No. VP1-2.2-ŠMM-07-K-02-060 Development and Implementation of Joint Master’s Study Programme “Sustainable Development of the Built Environment”

Sustainable investment in Turkey 2010

The main objectives of this report are as follows: 1 To understand and provide a review of the current state of the Sustainable Investment (SI) market in Turkey, 2 To identify the drivers and obstacles for sustainable investments, and assess the commercial feasibility of different approaches and initiatives that may stimulate the SI market in Turkey, 3 To analyze the institutional prerequisites and interventions that will fuel the development of investments, which would, in turn, encourage a betterallocation of local and international capital to sustainable enterprises and hence support sustainable development of the Turkish economy. This study forms part of a series of assessments of Sustainable Investment (SI) in Brazil (2009), India (2009) and China (2009), and draws upon earlier reports published by IFC jointly with the Economist Intelligence Unit: Sustainable Invest ing in Emerging Markets: Unscathed by the Financial Crises (2010) and with Mercer; Gaining Ground, Integrating Environmental, Social and Governance (ESG) Factors into Investment Processes in Emerging Markets (2009)

An evaluation thermometer for assessing city sustainability and livability

The real estate industry is an important indicator of national economic growth and development, which is influenced by the environment in which it operates. Various countries have been seriously affected by the most recent international financial crisis. Nevertheless, regardless of the challenges some cities currently face and the impacts on their sustainable livability, urban real estate is still of interest to investors. Given this context, researchers have sought to develop and apply methods of evaluating sustainable livability in cities. However, most practical applications have been hampered by methodological limitations (e.g., how to select and weight criteria in evaluations), which has hampered progress in this area. The present study thus aimed to develop a knowledge-based decision support system to evaluate city sustainability and livability in a transparent and informed way. To achieve its goal, this research combined cognitive mapping techniques and the analytic hierarchy process (AHP). Based on real-world data, the advantages and limitations of this integrative evaluation system are discussed.info:eu-repo/semantics/acceptedVersio

Teixeira Duarte Real Estate : an analysis of environmental sustainability

In industrialized economies, issues about the sustainability in the delivery of real estate projects have risen to the fore. The real estate industry has a big impact on the environment. It accounts for over 40% of energy consumption and 36% of the carbon dioxide emissions in the European Union. In this scenario, new regulations have been issued from the European Commission to force companies to disclose the percentage of their business that it can be label as environmentally sustainable. This research is dedicated to understanding where the real estate department of Teixeira Duarte stands from an environmental point of view. An archival analysis is performed to understand which will be the effort that Teixeira Duarte will need to make in to comply with the new European regulations. Furthermore. a competitor benchmark analysis is performed to understand which are the best practices that real estate companies adopt to communicate their policy to the relevant stakeholders through their sustainability reports. Lastly the data from two online surveys are analyzed and presented. One survey is directed to Teixeira Duarte real estate’s employees, while the other is targeted to the Portuguese general population. This research presents a set of recommendations to Teixeira Duarte to help understand which are the best concrete actions that the company should make in order to become more environmentally sustainable.Nas economias industrializadas, as questões sobre a sustentabilidade na entrega de projectos imobiliários têm vindo a ganhar destaque. A indústria imobiliária tem um grande impacto no ambiente. É responsável por mais de 40% do consumo de energia e 36% das emissões de dióxido de carbono na União Europeia. Neste cenário, novos regulamentos foram emitidos pela Comissão Europeia para forçar as empresas a revelar a percentagem do seu negócio que pode ser rotulada como ambientalmente sustentável. Esta investigação é dedicada a compreender onde se situa o departamento imobiliário da Teixeira Duarte de um ponto de vista ambiental. É realizada uma análise de arquivo para compreender qual será o esforço que a Teixeira Duarte terá de fazer a fim de cumprir a nova regulamentação europeia. Além disso, é realizada uma análise de referência concorrente para compreender quais são as melhores práticas que as empresas imobiliárias adoptam para comunicar a sua política aos interessados relevantes através dos seus relatórios de sustentabilidade. Finalmente, são analisados e apresentados os dados de dois inquéritos em linha. Um inquérito é dirigido aos empregados da imobiliária Teixeira Duarte, enquanto que o outro é dirigido à população portuguesa em geral. Esta pesquisa apresenta um conjunto de recomendações à Teixeira Duarte para ajudar a compreender quais acções concretas que a empresa deve empreender para se tornar mais sustentável

Multiple Criteria Analysis of the Life Cycle of the Built Environment

To design and achieve effective the life cycle of the built environment a complex analysis of its stages as well as stakeholders, their aims and potentialities is needed. The effect of micro, meso and macro environmental factors should also be taken into account. A thorough built environment’s life cycle (brief; design; raw material extraction, transport and processing; construction materials production and distribution; construction; use, repair and maintenance; demolition; disposal, reuse, or recycling) analysis is quite difficult to undertake, because a buildings and its environment are a complex system (technical, technological, economical, social, cultural, ecological, etc.), where all sub-systems influence the total efficiency performance and where the interdependence between sub-systems play a significant role. Various stakeholders (clients, users, architects, designers, utilities engineers, economists, contractors, maintenance engineers, built environment material manufacturers, suppliers, contractors, finansing institutions, local government, state and state institutions) are involved in the life cycle of the built environment, trying to satisfy their needs and affecting its efficiency. The level of the efficiency of the life cycle of the built environment depends on a number of variables, at three levels: micro, meso and macro level. The problem is how to define an efficient built environment life cycle when a lot of various parties are involved, the alternative project versions come to hundreds thousand and the efficiency changes with the alterations in the environment conditions and the constituent parts of the process in question. Moreover, the realization of some objectives seems more rational from the economic perspective thought from the other perspectives they have various significance. Therefore, it is considered that the efficiency of a built environment life cycle depends on the rationality of its stages as well as on the ability to satisfy the needs of the stakeholders and the rational character of environment conditions. Formalized presentation of the research shows how changes in the environment and the extent to which the goals pursued by various stakeholders are satisfied cause corresponding changes in the value and utility degree of a built environment life cycle. With this in mind, it is possible to solve the problem of optimization concerning satisfaction of the needs at reasonable expenditures. This requires the analysis of the built environment life cycle versions allowing to find an optimal combination of goals pursued and finances available. References to the most modern world scientific literature sources are presented in the monograph. The monograph is prepared for the researchers, MSc and PhD students of civil engineering, construction management and real estate development. The book may be useful for other researchers, MSc and PhD students of economics, management and other specialities. The edition was recommended by the Committe of Studies of VGTU Faculty of Civil Engineering. The publication of monograph was funded by European Social Fund according to project No. VP1-2.2-ŠMM-07-K-02-060 Development and Implementation of Joint Master’s Study Programme “Sustainable Development of the Built Environment”.The edition was recommended by the Committe of Studies of VGTU Faculty of Civil Engineering. The publication of monograph was funded by European Social Fund according to project No. VP1-2.2-ŠMM-07-K-02-060 Development and Implementation of Joint Master’s Study Programme “Sustainable Development of the Built Environment”

Spatial Decision Support Systems for Sustainable Urban Redevelopment

A recent United Nations study concludes that worldwide population will grow from approximately 7 billion today to 9.3 billion in 2050 and 10.1 billion in 2100. Nowhere is this population growth more evident than in the major cities of the world. For the first time in history, a majority of the world’s people lived in cities. In 1950, by comparison, less than 30% of the world’s population dwelled in cities. This rapid growth of population, coupled with an aging infrastructure, and the abandoning of urban manufacturing sites, creates an urgent need for inner city revitalization. There are several urban areas especially at risk. They include cities with high concentrations of derelict properties and vulnerable populations that are located within the urban core. Others include sites that are in proximity to urban industrial riverfronts. These sites are collectively known as Brownfields. Also included are sites, including Public Complexes (e.g. large publicly owned campuses such as colleges, universities, prisons, and hospital centers), with an expansive campus footprint, “where storm water runoff occurs instead of soaking into the ground” (Rutgers, 2014). As global population continues to increase in these areas, researchers are investigating new techniques that promote economic growth and sustainable development, while minimizing the environmental, social, and economic impacts of urban sprawl. One such technique is building green buildings on these Brownfield Sites. The present study investigates whether a prescriptive approach to urban development, the third party rating system, coupled with a Business Intelligence Dashboard, as a data visualization tool to display the status of redevelopment, can provide feasible and intuitive integration of data in which to prioritize redevelopment. The study presents a new framework and key sustainability indicators, based on existing third party rating systems, to prioritize redevelopment. It introduces these assessments into a Spatial Decision Support System, utilizing a dashboard as an interactive tool to gather and consolidate data and to present an evaluative means for decision-makers. The tool allows identification of the highest priority sites for long-term and short-term redevelopment of distressed properties. The aim of the research is to advance knowledge for new concepts for sustainable urban redevelopment projects using decision frameworks for selection among alternative Brownfield redevelopment projects. The study indicates that the third party rating system, coupled with dashboards, is an effective decision support tool that facilitates efficient decision-making

Developing a green city assessment system using cognitive maps and the Choquet integral

Equitable human well-being and environmental concerns in urban areas have, over the years, become increasingly challenging issues. This trend is related to both the complexity inherent in the multiple factors to be considered when evaluating eco-friendly cities (i.e., green cities) and the way this type of city’s sustainability depends on many evaluation criteria, which hampers all decision-making processes. Using a multiple criteria decision analysis (MCDA) approach, this study sought to develop a multiple-criteria model that facilitates the evaluation of green cities’ sustainability, based on cognitive mapping techniques and the Choquet integral (CI). Taking a constructivist and process-oriented stance, the research included identifying evaluation criteria and their respective interactions using a panel of experts with specialized knowledge in the subject under analysis. The resulting framework and its application were validated both by the panel members and a parliamentary representative of the Portuguese ecology party “Os Verdes” (The Greens), who confirmed that the evaluation system created distinguishes between cities according to how strongly they adhere to “green” principles. The advantages and limitations of the proposed framework are also discussed.info:eu-repo/semantics/acceptedVersio

A knowledge-based decision support system for sustainable city livability evaluation

The real estate industry is an important indicator of national economies and is influenced by the environment in which it operates. Several countries were seriously affected by the most recent international financial crisis, including Portugal. Nevertheless, it is still an interesting area to invest in, in spite of the challenges cities may face nowadays that influence their sustainable livability. For this reason, it seems logical to develop and apply methodologies aimed at evaluating sustainable city livability. It is worth noting, however, that there are methodological limitations typically associated with the majority of the current applications (e.g. how to select and weight criteria in the evaluation), which have been hampering the progress. Hence, this dissertation aims to develop a knowledge-based decision support system to evaluate sustainable city livability, in a transparent and informed way. To achieve this goal, it combines cognitive mapping techniques and the Analytic Hierarchy Process (AHP). The advantages and limitations of this integrative evaluation model are also analyzed and discussed.O mercado imobiliário é um indicador importante das economias mundiais e é influenciado pelo ambiente em que opera. Muitos foram os países seriamente afetados pela mais recente crise financeira internacional, incluindo Portugal. Não obstante, este continua a ser uma área de investimento interessante, ainda que, hoje em dia, as cidades possam enfrentar desafios que influenciam a sua habitabilidade sustentável. Por essa razão, parece lógico o desenvolvimento e a aplicação de metodologias que permitam avaliar a sustentabilidade habitacional de uma área urbana. No entanto, limitações metodológicas comuns à maioria das aplicações (e.g. processo de seleção e ponderação dos critérios de avaliação) têm dificultado os progressos alcançados. Assim, a presente dissertação pretende desenvolver um “termómetro” de habitabilidade sustentável que, de forma informada e transparente, permita apoiar a tomada de decisão no mercado imobiliário urbano, através da combinação do uso integrado de técnicas de mapeamento cognitivo e da metodologia Analytic Hierarchy Process (AHP). As vantagens e as limitações do uso deste sistema integrativo de avaliação serão também analisadas e discutidas

Measuring Urban Green Space in Australia

The Hort Innovation Green Cities project “Measuring Australia’s Green Space Asset” (MUGS) undertook a global review of urban green space (UGS) measurement research and engaged with Australian stakeholders to gauge current practice. The overall aim of the project was to foster best-practice UGS planning and management by juxtaposing the scientific state of the art with the contextualised needs expressed by potential Australian end users. The synthesis of findings informed a ‘blueprint’ which sketches the contours of a possible nationally consistent UGS decision-support framework. The framework is illustrated with a worked example from Australia (rapid assessment of urban green space assets using satellite imagery)