Prelims

Half Title Page

Sustainable Real Estate in the Developing World

Title Page

Sustainable Real Estate in the Developing World

Edited by

Raymond Talinbe Abdulai

Newcastle University, UK

Kwasi Gyau Baffour Awuah

University of Salford, UK

United Kingdom – North America – Japan – India – Malaysia – China

Copyright Page

Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2021

Chapter 2, “Linkages between Urbanisation, Real Estate Investments and Sustainability in Turkey” (c) Yeşim Tanrıvermiş and Harun Tanrıvermiş. Published under an exclusive licence by Emerald Publishing Limited. Editorial matter, selection and remaining chapters copyright © 2021 by Emerald Publishing Limited

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ISBN: 978-1-83867-838-8 (Print)

ISBN: 978-1-83867-837-1 (Online)

ISBN: 978-1-83867-839-5 (Epub)

List of Tables

List of Figures

List of Plates

List of Contributors

About the Editors

Raymond Talinbe Abdulai, PhD, MPhil (Cantab), PGCTLHE, BSc (First Class Hons), MRICS, FCCS, FHEA, MGhIS, is a Senior Lecturer in Real Estate and Urban Development at Newcastle University in the United Kingdom. His research interests span various facets of real estate, including environmental sustainability, real estate securitisation, emerging real estate markets, real estate management and the role of real estate in multi-asset class portfolio, and real estate valuation, finance, investment and development. Raymond was part of the team that executed a £2,649,240 European Union (EU) funded Low Carbon Eco-Innovatory Project from 2015 to 2019 and has also secured research grants from, for example, Royal Institution of Charted Surveyors (RICS) Education Trust, Department for International Development (DFID), United States Agency for International Development (USAID) and the World Bank. Raymond currently has 95 publications to his credit.

Kwasi Gyau Baffour Awuah, BSc (Hons), MA, PhD, PGCAP, MRICS, MGhIS, MGHACMA, MFIG, FHEA, is an interdisciplinary academic and a practitioner with over 22 years of experience in international real estate/urban development projects and sustainability/sustainable development issues. Kwasi is currently an academic and the lead for the real estate research and consultancy cluster at the University of Salford, Manchester. He was a founding member of the International Land Measurement Standard Coalition and part of its Standard Setting Committee. Kwasi has published widely. He has been an Engineering and Physical Sciences Research Council (EPSRC) panel member, and some of his works have benefitted from funding from institutions, such as Royal Institution of Charted Surveyors (RICS), Department for International Development (DFID), European Union (EU), Arts and Humanities Research Council (AHRC), Academy of Medical Sciences and Royal Academy of Engineering.

About the Contributors

Helen X. H. Bao, PhD, is a Reader in Land Economy at Department of Land Economy and a Fellow in Land Economy at Newnham College, Cambridge University, UK. Helen's research areas include behavioural sciences, real estate finance, corporate finance, housing economics and land use policies. She has published in top academic journals in her field, including Cities, Energy Policy, Habitat International, Journal of Business Research, Land Use Policy and Real Estate Economics. Helen is an advocate and expert of case teaching approach. Helen's new book, ‘Behavioural Science and Housing Decision Making: A Case Study Approach’, pushes the teaching and research frontier of behavioural urban studies.

Benjamin Gbolahan Ekemode, PhD, ANIVS, RSV, is a Lecturer at Department of Estate Management, Obafemi Awolowo University, Ile-Ife, Nigeria. His publications have been in reputable journals and conferences. An article he co-authored and presented at the 15th African Real Estate Society (AfRES) Conference held at Kumasi in Ghana won the best paper award in valuation. He is a member of African Real Estate Society (AfRES) and Commonwealth Association of Surveying and Land Economics (CASLE). Benjamin is a reviewer to many local and international journals and scientific committee member for several conferences. His current research interests focus on real estate investment analysis and real estate informatics.

Andrew M Law, PhD, MA, BA, is a Senior Lecturer in Town Planning at Newcastle University, UK. His research mainly relates (although not exclusively) to the use and abuse of history, historical discourses, historical imaginaries, golden ages, historical simulacra, collective memory, nostalgia and heritage. He has published articles and book chapters on built architectural conservation, townscapes, Mock or Faux-Tudor, the historical urban branding of Chinese cities (including Shanghai, Wuhan and Xi'an), colonial nostalgia in China, absent–present heritage on the Yangtze River and articles relating to tourism and heritage in China. In the last 10 years, Andrew has become an enthusiastic student of Chinese cultural studies and Chinese urban studies in particular.

Ephraim Kabunda Munshifwa, PhD, MPhil (Cantab), BSc, FCCS, is Dean of School of Built Environment and an Associate Professor in the Department of Real Estate Studies at Copperbelt University in Zambia. Ephraim is a licenced valuation surveyor and member of Surveyors Institute of Zambia (SIZ), Zambia Institute of Estate Agent (ZIEA), Institute of Directors Zambia (IODZ), World Interdisciplinary Network for Institutional Research (WINIR) and Society for Institutional and Organisational Economics (SIOE). His research focuses on the application of institutional economics to real estate. He has published in journals such as Land Use Policy, Habitat International, Urban Forum and Pacific Rim Property Research Journal.

Anthony Mushinge, PhD, MSc, BSc, is a Lecturer at Department of Real Estate Studies, Copperbelt University since 2012. He has practised with G.S. Chiyanda Property Consultants (Pty) Ltd., D.W. Zyambo and Associates and Anderson International Property Consultants as a private real estate consultant. His research interests include customary and statutory land governance, environmental management and corruption in the land sector. He has published various papers on real estate related issues.

Chota Mimba Mwenya, MSc, PGDip, BSc, is a Lecturer in the Department of Real Estate Studies at Copperbelt University in Kitwe, Zambia. Prior to joining academia, she worked for over 10 years in local government sector, contributing significantly to enhancing operations in Valuation and Real Estate Department at Ndola City Council in Zambia. Working in the local authority has given her invaluable experience in the operations of local government, which is now being shared with the students at Copperbelt University. Chota's research interests include urban development, local administrative governance, and policy formulation and implementation. She is involved in a number of ongoing research projects and has published a number of papers.

Timothy Tunde Oladokun, PhD, MSc, MSc, ANIVS, RSV, is an Associate Professor and current Head, Department of Estate Management, Obafemi Awolowo University, Ile-Ife, Nigeria. His research interest is in the area of corporate real estate management, facilities management and real estate education. Prior to joining academia, Oladokun was in active professional practice for over 12 years. He was the Managing Editor of the Journal of Property Research and Construction and an Editor of the Environmental Design and Management International Conference Proceedings and served as Secretary of the Organising Committee for International Conference on Responsive Built Environment. He has published widely in both local and international reputable journals.

Daramola Thompson Olapade, MSc, BSc, ANIVS, RSV, joined the firm of Messrs Biodun Olapade and Co. (Estate Surveyors and Valuers) in 2000 and rose to the position of a Partner before joining Department of Estate Management, Obafemi Awolowo University, Ile-Ife, in 2016. He is a member of African Real Estate Society (AfRES) and Nigeria Institute of Management (NIM). His research interests are in the areas of property valuation, sustainable development, ICT in real estate practice and land governance. Daramola has published research articles in many reputable high index real estate journals. He is also a reviewer to many national and international journals. Daramola equally engages in real estate consultancy services.

Vlad Poenaru, LLB, MRICS, is currently one of the Managing Partners at CONADI, one of the largest real estate companies in Romania with a professional experience of over 13 years. His knowledge is both technical and juridical, having been improved by attending an RICS accredited Master program in Urban Planning and Real Estate Development. Vlad is a Construction Project Manager and a member of ANEVAR and RICS. His professional evolution and projects that he has been part of have created the opportunity for him to offer consulting services to the public. In the past, he worked for international companies like NAI Global. He was also the representative of American Appraisal in Romania.

Qianqian Qin, MSc, BSc, PGCert, is currently a visiting scholar and lecturer in the School of Architecture, Planning and Landscape at Newcastle University, UK. Her research relates to urban spatial politics in contemporary Chinese cities and production of new urban public space, especially. She is the author of several papers including ‘Searching for economic and cosmopolitan roots: historical imaginaries and “Hankou merchant Port nostalgia” in the central Chinese city of Wuhan 武汉’ Journal of the Faculty of Architecture, METU 2018, 35(1).

Robert Ereola Shiyanbola, MSc, BSc, National Dip, ANIVS, RSV, teaches and carries out research at the Department of Estate Management, Obafemi Awolowo University, Ile-Ife, Nigeria. His research interest focuses on private housing provision, housing market analysis and Land Administration and Policy. Robert is currently pursuing his doctorate degree in land conflicts management. He has published in both local and international journals in the area of land registration, housing provision strategies and contribution of members of Real Estate Development Association of Nigeria to housing provision. Robert has attended and presented papers at both local and international conferences.

Yeşim Tanrıvermiş, PhD, MSc, is an Associate Professor and Deputy Head, Department of Real Estate Development at Ankara University, Turkey. Yeşim has worked as a researcher and consultant in public and private sectors. She is a board member of Turkish Appraisers Association (TDUB) and manages practical training and certificate programs related to real estate. Her research interests include management and conservation of land resources, land resources economics, real estate analysis and economics, real estate and asset valuation studies. She has been lecturing for six years. Yeşim has 31 peer-reviewed articles, 45 full or abstract proceedings in various conferences/congresses, 30 books and six book chapters.

Harun Tanrıvermiş, PhD, MSc, MSc, MRICS, is a Professor and Head of Department of Real Estate Development and Management as well as Dean of Faculty of Applied Sciences, Ankara University, Turkey. He is a member of various national and international occupational institutions. His research interests include real estate and asset valuation, real estate project development and project appraisal, land acquisition and expropriation, facility and property economics and management, and environmental economics. He has been a staff member at Ankara University since 1991 and has 55 peer-reviewed articles in variety of high impact factor journals, 91 full or abstract proceedings in several conferences, 39 books and 14 book chapters to his credit.

Introduction

Sustainability and Real Estate in the Developing World examines how sustainability is considered in various facets and sectors of real estate in the developing world on country by country basis. The countries covered in the book include Ghana, China, Nigeria, Romania and Zambia. In the book, contributors consider various topics including:

• housing development in the context of environmental sustainability;

• gaming the political system – green urban branding and planning in the construction of high end, elite and ‘modern’ urban spaces;

• demand for sustainable features in commercial real estate;

• urban development, land use changes and environmental impacts in cities;

• urbanisation, environmental externalities and house prices and

• building information modelling (BIM) adaptability for sustainable residential property development

The book would appeal to academics and undergraduate and postgraduate students in higher education institutions where programmes in real estate, urban development and other built environment programmes are offered. Since sustainability is an important and key theme in the real estate industry, international donor community, policy makers, professionals bodies, and real estate related companies and practitioners/professionals like real estate and facilities managers, real estate valuers, real estate finance and investment analysts, real estate economists, housing markets specialists/analysts and real estate developers would find the book useful.