This study presents an examination of office development in the regional city in the period 1960-1987. The economics and structure of the development industry are analysed and related to an examination of the property markets of Leicester, Nottingham and Northampton. Information was obtained from observation surveys, unpublished material (planning records), questionnaire surveys covering estate agents, development interests and investors in office property and a postal questionnaire to property development companies. Many office buildings constructed in regional cities are developed by highly centralized development companies. The relationship between this type of company and the space-economy forms a central component of this study. The organizational and structural constraints which restrict property companies' search strategies to specific locations and types of property are identified. A detailed examination is undertaken of the information sources development companies use to identify individual sites. The structure of the site identification process is identified and analysed in the context of the overall structure of the development industry. Two classifications of development companies are examined and criticized for their failure to consider the role of space. The development process must be considered as a key spatial process since it provides the link between the economy and the land surface. A new classification of developers is formulated which explicitly accounts for differences in the spatial extent of their activities. This classification is used to analyse the development decision making process and a modified version is used in the case studies. The examination of the structure of relations between the interests involved in the property development process is an important component of this study. Previous research has failed to consider the relationship between the four capitals involved in the development process. A series of development intermediaries are identified which mediate between these capitals and the space-economy. It is argued that the actions of occupiers, property developers, investors, and development intermediaries are influenced, determined and often manipulated by the structure of the existing financial and property markets.

No description available.

A research report submitted to the Faculty of Architecture, University of the Witwatersrand, In partial fulfillment of the requirements for the degree of Master of Science In Building. / This research report analyses the effectiveness of the property development agreement as a tool in managing the risks inherent in the property development process, It incorporates an examination of a sample property development agreement and draws concluslon from market research conducted by means of a questionnaire, In Chapter 1 the property development agreement is defined, The necessity for such an aqreement is examined in Chapter 2 by identifying and describing the various stages of the property development process and by establishing the risks Inherent In each stage. Chapter 3 comprises a critical review of a typical existing development agreement. In this chapter a distinction is drawn between the "standard" clauses and those "essential" clauses which are instrumental in the allocation of the risks in property development. The agreement is then evaluated as a risk management tool and the ancillary topics of establishing those parties protected by and tnose left vulnerable by the agreement, the effects of the power and relative positions of strength of the Signatories and the enforcement of the rights arising out of property development agreements are explored. Finally, this chapter looks at some typical shortcomings of development agreements. The methodology behind the market survey is explained in Chapter 4, the responses of the sample of 50 property industry operators are analysed and concluslons are drawn from the answers to the questions posed. Chapter 5 concludes that property development agreements do exist, are necessary and are useful In creating certainty with regard to rights and obligations flowing from the property development process and that they are valuable in ensuring that risks are allocated as the parties intended they should be. This chapter also contains a checklist of items to be aware of when drafting a property development agreement and details some recommendations for possible further studies in this field. / AC2017

This treatise is concerned with property development in its role as an investment rather than as a speculative venture. The property is, therefore, one which is to be held as a rent producing development with the hope of capital appreciation as a hedge against inflation rather than for the realisation of a profit by means of a sale. Careful and thorough investigation must be undertaken by the developer with regard to a possible project. The aspects of such considerations are dealt with in this article as follows : 1. Investigations prior to the acquisition of a property investment. 2. The illustration of certain of the considerations necessary by means of a viability study of a hypothetical case of a block of flats. 3. The post-construction administration of the property.

No description available.

The purpose of this study is to provide a glimpse into the New Product Development (NPD) Process as it is being utilised within the context of the residential property development industry in South Africa. The main objective in undertaking this study was to gain an insight into a process that has so far not received much attention from the a,cademic world despite the fact that it is a process that has recently become an important creator of wealth for many South Africans. The case study research design was chosen, because it provides an ideal vehicle for conducting preliminary studies into a specific subject that has not received much attention before. The nature of the case study approach allows for much more in-depth and broader investigation than would be possible in a quantitative study. The specific case under review (SajDev (Pty) Ltd) was chosen, because of the company's involvement in the entire spectrum of the residential property development industry in South Africa. In addition, the company showed an openness and willingness to share its experiences and processes that is not usually found in this particular industry. Most importantly, the company offered the author the opportunity to work for them in order to gain the necessary first hand experience and knowledge that would be needed to do the study. The company also arranged for the author to gain access to all of their professional team members and to all of their internal documents in order to assist with the research. From a technical point of view, the study involved the following basic steps. First, a generic model of NPD was identified and unpacked. Next, the specific process used by SajDev was identified and analysed, after which specific recommendations were made on how the process could be improved. / Thesis (MBA)-University of KwaZulu-Natal, 2004.

This thesis is a manifestation of efforts to integrate FM into the development process through a greater involvement of Facilities Managers in the property development industry. It also presents an original contribution to knowledge in a form of a validated best practice, which is identified as the facilities management-development process (FM-DP) integration framework. The framework potentially serves as a guide to Facilities Managers and other professionals in various organisations in the property development industry to optimise the value of Facilities Management (FM) in the development project and to achieve sustainable development. The study was conducted as an exploratory sequential mixed methods design in order to identify the issues that limit Facilities Managers from being involved in the property development industry, when they are known to be an appropriate professional to optimise the value of FM in the development process. Qualitative approach has been used as a core component of this research in order to obtain confirmation of the critical issues obtained from the literature review. To develop the framework, a survey questionnaire was used followed by relevant statistical procedure and analysis. To ensure validation, a member-checking approach was implemented through focus group interview. The validated framework reveals that there are 52 best practices to be considered by Facilities Managers or other professionals in the property development industry to optimise the role of FM in the development process for sustainable development. In addition, the framework discovers that best practices are required in all stages of the development process. Nevertheless, Stage 4: Technical Design is crucial, as it requires most of the best practices that drive the integration of FM into the development process. The framework demonstrates a ‘killing two birds with one stone’ strategy: (i) exploiting the framework is expected to increase the profile of FM among other professionals, (ii) encouraging a greater involvement of Facilities Managers in the property development industry, which (iii) leads the project to a sustainable development agenda.

Mixed-use development is a growing trend that is transforming the real estate landscape and is defined as a real estate project with planned integration of some combination of retail, office, residential, hotel, recreation or other functions that are pedestrian-oriented, limit urban sprawl and have architectural expression. Without a tested framework to predict and mitigate risk in a development, it is difficult for investors and property developers to make accurate business decisions. The aim of the research was to explore the risks associated with a prominent mixed-use development and how these risks may be mitigated from a business perspective. From the existing literature, a framework was constructed of elements that would impact on the risk profile of a mixed-use development. Due to the limited amount of available literature, a qualitative and exploratory research design was employed. Due to its prominence and distinctiveness, Melrose Arch in Johannesburg was selected as a case study. A process of triangulation was used between observations, documentation and in-depth, open-ended interviews with the key role players in the development of Melrose Arch. The research indicates that Melrose Arch is riskier than traditional property development. Mixed-use development is an ongoing concern that requires ongoing strategic alignment and general management expertise. Findings from the research contributed to construct a comprehensive framework for risk mitigation in the mixed-use development process. Copyright / Dissertation (MBA)--University of Pretoria, 2010. / Gordon Institute of Business Science (GIBS) / unrestricted

Após acelerado crescimento do setor de incorporação imobiliária em um curto período de cerca de dez anos o mercado brasileiro está enfrentando uma crise de confiança e de excesso de oferta gerada por fatores políticos e econômicos (2014-2017). A área de desenvolvimento imobiliário nas grandes incorporadoras é responsável pela aquisição e criação de novos negócios e pelo direcionamento do crescimento dessas empresas. Como as incorporadoras cresceram rapidamente, não houve tempo hábil para a formação adequada dos profissionais que atuam na área de desenvolvimento imobiliário. Durante períodos de crise, o setor e a maioria das empresas nele presentes possuem o costume de diminuir o quadro de profissionais, principalmente dessa área. Tendo isso em vista, o presente trabalho tem como objetivo a proposição de um sistema de gestão do conhecimento que possa ser aplicado na área de desenvolvimento imobiliário de grandes incorporadoras. Para tanto foram analisadas as habilidades necessárias de cada profissional em cada nível hierárquico e a forma que o conhecimento deve ser gerado nas áreas, repassado entre os profissionais e registrado na empresa para garantir que os aprendizados do passado não sejam perdidos junto com a saída dos profissionais que os geraram. Dessa forma o conhecimento da área é tratado como um ativo intangível e pode permanecer na companhia. Para alcançar o objetivo proposto, foi realizada uma revisão bibliográfica por meio de consultas a artigos técnicos, dissertações, teses e livros e alguns estudos de caso sobre o tema. O resultado do trabalho é a proposição de um sistema que contem uma sequência de atividades que a área de desenvolvimento imobiliário deve seguir para que novos conhecimentos e informações sejam armazenados e utilizados posteriormente, garantindo assim a retenção do conhecimento na companhia. / After fast growth in the real estate sector in a short period of about ten years, the Brazilian market is facing a crisis of confidence and oversupply generated by political and economic factors (2014-2017). The area of real estate development in large developers is responsible for the acquisition and creation of new businesses and the direction of the growth of these companies. As the developers have grown rapidly, there was no time for proper training of professionals who work in real estate development. During times of crisis, the industry and most companies present in it have the usual decrease the professional staff, especially in the area. The present study proposes a model of knowledge management system that can be applied in the real estate development area of large developers. For this, it was analyzed the necessary skills of each professional in each hierarchical level and how this knowledge must be generated in the area, passed between professionals and registered in the company to ensure that learnings of the past are not lost with the departure of professionals that generated them. So, the knowledge of the area is treated as an intangible asset and can remain inside the company. To achieve the proposed goal, a literature review was carried out through consultations with technical articles, dissertations, theses and books and some case studies on the topic. The result of the dissertation is the proposition of a system that contains a sequence of activities that the real estate development area must follow so that new knowledge and information is stored and used later, thus guaranteeing the retention of knowledge in the company.

Após acelerado crescimento do setor de incorporação imobiliária em um curto período de cerca de dez anos o mercado brasileiro está enfrentando uma crise de confiança e de excesso de oferta gerada por fatores políticos e econômicos (2014-2017). A área de desenvolvimento imobiliário nas grandes incorporadoras é responsável pela aquisição e criação de novos negócios e pelo direcionamento do crescimento dessas empresas. Como as incorporadoras cresceram rapidamente, não houve tempo hábil para a formação adequada dos profissionais que atuam na área de desenvolvimento imobiliário. Durante períodos de crise, o setor e a maioria das empresas nele presentes possuem o costume de diminuir o quadro de profissionais, principalmente dessa área. Tendo isso em vista, o presente trabalho tem como objetivo a proposição de um sistema de gestão do conhecimento que possa ser aplicado na área de desenvolvimento imobiliário de grandes incorporadoras. Para tanto foram analisadas as habilidades necessárias de cada profissional em cada nível hierárquico e a forma que o conhecimento deve ser gerado nas áreas, repassado entre os profissionais e registrado na empresa para garantir que os aprendizados do passado não sejam perdidos junto com a saída dos profissionais que os geraram. Dessa forma o conhecimento da área é tratado como um ativo intangível e pode permanecer na companhia. Para alcançar o objetivo proposto, foi realizada uma revisão bibliográfica por meio de consultas a artigos técnicos, dissertações, teses e livros e alguns estudos de caso sobre o tema. O resultado do trabalho é a proposição de um sistema que contem uma sequência de atividades que a área de desenvolvimento imobiliário deve seguir para que novos conhecimentos e informações sejam armazenados e utilizados posteriormente, garantindo assim a retenção do conhecimento na companhia. / After fast growth in the real estate sector in a short period of about ten years, the Brazilian market is facing a crisis of confidence and oversupply generated by political and economic factors (2014-2017). The area of real estate development in large developers is responsible for the acquisition and creation of new businesses and the direction of the growth of these companies. As the developers have grown rapidly, there was no time for proper training of professionals who work in real estate development. During times of crisis, the industry and most companies present in it have the usual decrease the professional staff, especially in the area. The present study proposes a model of knowledge management system that can be applied in the real estate development area of large developers. For this, it was analyzed the necessary skills of each professional in each hierarchical level and how this knowledge must be generated in the area, passed between professionals and registered in the company to ensure that learnings of the past are not lost with the departure of professionals that generated them. So, the knowledge of the area is treated as an intangible asset and can remain inside the company. To achieve the proposed goal, a literature review was carried out through consultations with technical articles, dissertations, theses and books and some case studies on the topic. The result of the dissertation is the proposition of a system that contains a sequence of activities that the real estate development area must follow so that new knowledge and information is stored and used later, thus guaranteeing the retention of knowledge in the company.