Public Private Partnerships in Germany
||Streckel, Tobias and Sebastian Merkle
||Public Private Partnerships in Germany
||Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
||Public-Private Partnerships can be categorized based on the extent of public and private sector involvement and the degree of risk allocation between the two. All partnerships have a unique risk/reward allocation. Efficient urban development systems are based on intensive cooperation between the public and private sector. One important condition of partnership is the highly developed real estate market. So it is an important topic for the future research and development project to investigate who are the present actors in real estate business, what are their motivations and practices. The major focus of our presentation will be on: · Property and real estate management legislation and practices · Urban planning and administrative capacity · Public and private sectors' financing mechanisms
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