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Paper eres2015_96:
An assessment of the viability of large mixed-use real estate developments in Sub–Saharan Africa

id eres2015_96
authors Viruly, Francois
year 2015
title An assessment of the viability of large mixed-use real estate developments in Sub–Saharan Africa
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary This study provides an understanding of the viability and investment decision making processes associated with mega , mixed-use developments across Sub-Saharan Africa ( SSA) . In doing so the study questions the economic and non-economic parameters that drive these projects and the market reality of the feasibility studies that they are based on. Due to their size, the success or failure of these projects can have considerable private and public implications. __In addressing these questions, the research considers the academic literature that has developed around the characteristics of large mixed use developments. Research conclusions draw on the existing literature and four case studies located in Kenya ( Tatu City ) , Nigeria ( Eko Atlantic ), South Africa ( Century City ) and the DRC ( Cite Du Fleuve). These projects are approximately of a similar size and value , incorporate a number of residential and non-residential uses, and have the potential to significantly impact on local markets. __The study draws the conclusion that decisions to undertake mega real estate projects across SSA tend to be based on parameters that extend beyond private financial objectives and often fail to take cognizance of the market context.
keywords Mixed Use Developments , Spatial Impact of Mixed Use Developments , Sub-Saharan Africa%2C , Feasibility Parameters
series ERES:conference
type paper session
email francois.viruly@uct.ac.za
discussion No discussions. Post discussion ...
ratings
session International Real Estate
last changed 2015/07/08 18:06
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