Evangelicals and Evolution: Retrospect and Prospect

This article was originally presented at a faculty symposium at Dordt College, chaired by the former editor of Pro Rege, Russell Maatman, in February 1990

All grown up? Market maturity and investment in London's purpose-built student accommodation sector

Purpose: The UK's purpose-built student accommodation (PBSA) sector has seen significant institutional investment in recent decades. This paper unpacks contemporary trends and perspectives on the sector. It questions whether PBSA has moved from being an “alternative” to “mainstream” residential asset class, framing the analysis through the lens of market maturity. / Design/methodology/approach: The methods triangulate perspectives drawn from literature on the evolution of PBSA as an asset class with illustrations of investment trends across the UK between 2005 and 2020 using data from Real Capital Analytics (RCA), combined with findings from 40 semi-structured interviews with investors and stakeholders in PBSA in the UK London is the focus of the work, whilst other regional cities are integrated for comparison. / Findings: The results demonstrate that London's PBSA market is ahead of trends currently being replicated in regional cities. However, the regions currently offer greater return potential and opportunities for risk taking compared to London, where yields are compressed, and the market is considered lower risk. The concept of maturity remains useful as a framework for evaluating markets, however a more granular analysis of sectors is necessary to further understand asset classes within sectors. PBSA continues to trade at a premium across the UK; it is considered the most mature residential asset class. / Practical implications: The emergence of PBSA as an asset class continues to play a developing role within the residential sector and UK investment market. Risk, value and local context remain key when integrating PBSA into institutional portfolios, and as the first to consider the UK market from a qualitative research approach, this research provides a snapshot of these influences in 2021. / Originality/value: Our approach offers original insight into investment trends across the UK and is the first to focus reflections on the London market specifically. The research highlights the role of PBSA as a vanguard asset class for investors into residential, situating its growth within the framework of market maturity and drawing out market nuances from interviews

Social responsibility of public and private universities in Uganda

This paper presents a comparative analysis of corporate social responsibility (CSR) in public and private universities in Uganda. The paper is based on a cross-sectional survey that involved 780 respondents. These included 44 university administrators, 356 staff members and 380 students who were drawn from 22 universities. The findings show that both the public and private universities exhibited CSR albeit to a very low extent. Moreover, involvement in CSR differed significantly across the universities in such a way that it was much lower in public than in private universities. Drawing from the literature and university community partnership models of higher education delivery, a case for the universities’ greater involvement with their communities is made after which recommendations towards realization of this goal are highlighted.Keywords: CSR; University Community Partnerships; Engaged learnin

Beyond agriculture: alternative geographies of rural land investment and place effects across the United Kingdom

Global land ownership patterns have been shifting in recent decades, as institutional and non-traditional investors redirect capital into rural areas. Such investment is a stimulating alternative for innovative profit-driven land uses that move beyond agriculture. This paper explores how ‘new money’ economies have created place effects in three rural case studies across the United Kingdom, through concepts of built, natural, social, and economic capital. The case studies are informed by secondary research, site visits, and interviews, providing snapshots of investment impact. They represent diverse transformations in rural land use via new forms of direct investment, active investment, and processes of financing rather than financialisation, with distinct spatial and temporal characteristics. The case studies include new wine production in Kent, England; transforming the Menie Estate into Trump International Golf Links Scotland (TIGLS); and farm diversification in Northern Ireland. The conclusions tell three investment stories, where place effects reflect the dichotomies, contestation, and symbiosis between investors and local contexts. New land uses create place effects where economic potential often conflicts with natural capital impacts, although they foster knowledge creation and exchange. The underlying values of the investors and their navigation of local politics also have key roles to play in shaping the built, natural, social, and economic place effects

Planning for residential ‘value’? London’s densification policies and impacts

This paper considers the agency and influence of planning processes and densification policies on urban landscapes in London. Urban transformation through residential densification can bring opportunities for real estate development, combined with longer term investment and financial gains for local authorities through planning gain. However, the measurements and indicators used to define density and its impacts could be better understood both objectively and subjectively through the lens of an extended notion of ‘value’. Such experiences of density can be viewed bluntly as positive or negative. This research investigates nuanced dimensions of density and adopts a primarily qualitative approach, reflecting on relevant literature and wider policy context through a discourse analysis relating to densification in London. The idea of elements of ‘value’ is explored and evaluated in ongoing developments through a detailed case study of Nine Elms, London. Quantitative data on the residential real estate market is used to illustrate investment flows. Conclusions consider best practice policy recommendations in relation to understandings of ‘value’

Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom

Global land ownership patterns have been shifting in recent decades, as institutional and non-traditional investors redirect capital into rural areas. Such investment is a stimulating alternative for innovative profit-driven land uses that move beyond agriculture. This paper explores how ‘new money’ economies have created place effects in three rural case studies across the United Kingdom, through concepts of built, natural, social, and economic capital. The case studies are informed by secondary research, site visits, and interviews, providing snapshots of investment impact. They represent diverse transformations in rural land use via new forms of direct investment, active investment, and processes of financing rather than financialisation, with distinct spatial and temporal characteristics. The case studies include new wine production in Kent, England; transforming the Menie Estate into Trump International Golf Links Scotland (TIGLS); and farm diversification in Northern Ireland. The conclusions tell three investment stories, where place effects reflect the dichotomies, contestation, and symbiosis between investors and local contexts. New land uses create place effects where economic potential often conflicts with natural capital impacts, although they foster knowledge creation and exchange. The underlying values of the investors and their navigation of local politics also have key roles to play in shaping the built, natural, social, and economic place effects. View Full-Tex

Hard, soft and thin governance spaces in land-use change: comparing office-to-residential conversions in England, Scotland and the Netherlands

In recent years, converting office buildings to residential use became a high-profile issue in the UK and in the Netherlands. There has, however, been differentiation in the policy response between England and Scotland (planning policy being devolved within the UK), and the Netherlands. We conceptualize this differentiation through the lens of variegated neoliberalism in the forms of hard, soft and thin governance spaces. England, where planning deregulation is more strongly adopted, represents a thin governance space. Scotland, where there has been little policy change, illustrates a hard governance space. The Netherlands represents a soft governance space, where proactive partnerships between government and developers predominate. This paper characterizes these distinct governance spaces and explores their impact on housing delivery and place-making, and the impact of underlying ideologies and planning culture(s) in governing office-to-residential conversions in the three countries. Drawing on national government assessments and statistics, interviews with stakeholders, and case study data from three cities: Leeds, Glasgow and Rotterdam, we conclude that while both hard and soft governance spaces, to different degrees and with different merits, are environments that enable planning, thin governance spaces – being driven more by ideology than notions of good governance – imply weak planning and place-making