Eres : Digital Library : Works

Paper eres2012_345:
Financing urban regeneration in Iran

id eres2012_345
authors Yasser Zanjiri, Ali Parsa and Stanley McGreal
year 2012
title Financing urban regeneration in Iran
source 19th Annual European Real Estate Society Conference in Edinburgh, Scotland
summary The advancement in institutional financing in Iran has affected both the funding and investment environment in almost all businesses including urban development and real estate in recent years. This has provided private sector owned businesses with new vehicles for capital raising while offering innovative investable products to institutional and retail investors compared with other forms of investment notably the saving accounts and share trading. In a broader context, however, this has enabled businesses to utilise private sector capital in a larger scale. Reviewing recent activities in the capital market particularly the funds, provides a better understanding of both the market size and its contribution to real estate and urban development sector. Through analysis of the capital market in Iran, this paper examines a variety of mechanisms utilised for delivery of urban regeneration projects in Iran employing different forms of public private partnerships and private sector finance via establishment of Special Purpose Vehicles (SPVs). This is done through utilising live case study projects in which sources of finance, fund structure and operation models are investigated. This paper undertakes an in-depth analysis of the financing mechanisms based upon the evidence drawn from case study projects, identifies three different types of SPVs focusing on main sources of finance and assesses the characteristics and effectiveness of these schemes.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
session Parallel Session B9
last changed 2014/10/21 21:51
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