英文文献:An Assessment Of The Characteristics Of Mega Real Estate Projects In Sub–Saharan Africa-对撒哈拉以南非洲大型房地产项目特点的评估
英文文献作者:Francois Viruly,Aly Karam
英文文献摘要:
This paper 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 as well as non-economic parameters that often drive these projects. Because of their size, such developments have specific funding as well as infrastructural requirements which are often not found in smaller developments. They also often also require a significant level of public/ private sector co-operation, and 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 in industrialised and emerging countries . Research conclusions are drawn based on 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; they incorporate a number of residential and non-residential uses, and have the potential to significantly alter local markets and the urban environment in which they are located.The main finding of the study is that the decision to initiate mega real estate projects in Sub-Saharan Africa is driven by financial and non-financial parameters with often insufficient attention given to market forces . It also suggests that concentrating on financial feasibility studies may not provide an adequate tool for the analysis of these types of projects.
本文介绍了撒哈拉以南非洲地区大型综合开发项目(SSA)的可行性和投资决策过程。在此过程中,研究质疑了经常驱动这些项目的经济和非经济参数。由于它们的规模,这些发展项目有具体的资金和基本建设需要,而这些往往是较小的发展项目所没有的。这些项目往往还需要相当程度的公共/私营部门合作,而这些项目的成功或失败可能对私人和公共产生相当大的影响。在解决这些问题时,研究考虑了围绕工业化和新兴国家的大型混合用途开发的特点发展起来的学术文献。研究结论基于肯尼亚(塔图市)、尼日利亚(Eko大西洋)、南非(世纪城)和刚果民主共和国(Cite Du Fleuve)的四个案例研究。这些项目的规模大致相同;它们结合了许多住宅和非住宅用途,有潜力显著改变当地市场和它们所在的城市环境。这项研究的主要发现是,在撒哈拉以南非洲启动大型房地产项目的决定是由金融和非金融参数驱动的,往往没有充分重视市场力量。它还指出,集中于财务可行性研究可能不能成为分析这类项目的适当工具。