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Evaluation of Investor Behaviour in Urban Regeneration

Author

Listed:
  • Alastair Adair

    (Centre for Research on Property and Planning, School of the Built Environment, Shore Road, Newtownabbey, County Antrim, Northern Ireland, BT37 OQB, UK, as.adair@ulst.ac.uk)

  • Jim Berry

    (Centre for Research on Property and Planning, School of the Built Environment, Shore Road, Newtownabbey, County Antrim, Northern Ireland, BT37 OQB, UK, jn.berry@ulst.ac.uk)

  • Stanley McGreal

    (Centre for Research on Property and Planning, School of the Built Environment, Shore Road, Newtownabbey, County Antrim, Northern Ireland, BT37 OQB, UK, ws.mcgreal@ulst.ac.uk)

  • Bill Deddis

    (Centre for Research on Property and Planning, School of the Built Environment, Shore Road, Newtownabbey, County Antrim, Northern Ireland, BT37 OQB, UK, and wg.deddis@ulst.ac.uk)

  • Suzanne Hirst

    (Jones Lang Lasalle, 19 Hanover Square, London, W1 R9 AJ, UK, suzanne.hirst@joneslanglasalle.com.)

Abstract

The financing of urban regeneration and levering of private-sector investment remains a major policy issue. This article, utilising the results of a behavioural survey, analyses the motivations of investors and their participation across a range of regeneration initiatives. The pattern of investment activity over the market cycle, reasons for holding an urban regeneration portfolio, evaluative factors and perspectives concerning the attraction of private finance into urban regeneration are considered. The findings indicate that regeneration initiatives provide a significant cushioning effect but that, in terms of holding projects in a property portfolio or evaluating schemes, market-based factors relating to return and risk are core influences.

Suggested Citation

  • Alastair Adair & Jim Berry & Stanley McGreal & Bill Deddis & Suzanne Hirst, 1999. "Evaluation of Investor Behaviour in Urban Regeneration," Urban Studies, Urban Studies Journal Limited, vol. 36(12), pages 2031-2045, November.
    • Handle: RePEc:sae:urbstu:v:36:y:1999:i:12:p:2031-2045
    DOI: 10.1080/0042098992520
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    References listed on IDEAS

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    1. I Turok, 1992. "Property-Led Urban Regeneration: Panacea or Placebo?," Environment and Planning A, , vol. 24(3), pages 361-379, March.
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    Cited by:

    1. Catherine Baumont, 2009. "Spatial effects of urban public policies on housing values," Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 301-326, June.
    2. Tao Zhou & Yulin Zhou & Guiwen Liu, 2017. "Key Variables for Decision-Making on Urban Renewal in China: A Case Study of Chongqing," Sustainability, MDPI, vol. 9(3), pages 1-19, March.
    3. Iain Begg, 2002. "'Investability': The Key to Competitive Regions and Cities?," Regional Studies, Taylor & Francis Journals, vol. 36(2), pages 187-193.

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