IDEAS home Printed from https://ideas.repec.org/a/eaa/eerese/v15y2015i1_12.html
   My bibliography  Save this article

Public-Private Partnerships For Real Estate Projects: Current Framework And New Trends

Author

Listed:
  • Jaume ROIG
  • Juan Manuel SORIANO

Abstract

In the current economic context, caused by the financial crisis which began in 2007 and by the economic downturn that it triggered, the interest in developing projects through public-private partnerships is growing. There is no question that for the world's real estate market the events of recent years represented the greatest crisis since the 1930s and had a devastating impact on the availability of public resources. In this scenario, there is a clear need for the establishment of advanced, innovative approaches in order to avoid delays in execution of real estate projects, which are highly capital-intensive, and in order to ensure quality and cost-effective service delivery. In view of the above, this paper analyses the framework and the new trends in public-private partnerships, such as the constitution of public-private real estate funds that allow risk allocation on an agreed basis, primarily for the development of projects with positive externalities. Design/methodology/approach - Through data collection, the study analyses the current situation of public-private partnerships in the global real estate industry. It identifies the main forms of collaboration, the legal structure of the partnerships, types of public and private organizations involved, allocation of risks among project stakeholders, the project leadership team, financial contributions, kinds of projects developed, and the key factors for success. Findings – The present framework of advanced and innovative public-private partnerships for real estate projects and the new trends being introduced aim to combine a better allocation of public resources with the competitive approach provided by private participation.Originality/value The limited availability of public resources and the high financial investment required to carry out real estate projects make it imperative to find complex, innovative ways of developing projects of this kind with positive externalities for society.

Suggested Citation

  • Jaume ROIG & Juan Manuel SORIANO, 2015. "Public-Private Partnerships For Real Estate Projects: Current Framework And New Trends," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 15(1).
    • Handle: RePEc:eaa:eerese:v:15:y2015:i:1_12
    as

    Download full text from publisher

    File URL: http://www.usc.es/economet/reviews/eers15112.pdf
    Download Restriction: No.
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. RAMON-DANGLA, Remedios & YAÑEZ-MUÑOZ, Leonardo, 2018. "How The Public Spending On Defense Can Affect Business Survival? The Case Of Shipbuilding In Spain," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 18(2), pages 71-86.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eaa:eerese:v:15:y2015:i:1_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: M. Carmen Guisan (email available below). General contact details of provider: http://www.usc.es/economet/eaa.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.