Sustainability Aspects of Real Estate Development: Lithuanian Case Study of Sports and Entertainment Arenas
| Autor: | Rasa Apanavičienė, Tautvydas Baltramonaitis, Ala Daugėlienė, Vida Maliene |
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| Přispěvatelé: | MDPI AG (Basel, Switzerland) |
| Rok vydání: | 2015 |
| Předmět: |
real estate
lcsh:TJ807-830 Geography Planning and Development lcsh:Renewable energy sources Real estate Corporate Real Estate Management Monitoring Policy and Law Lietuva (Lithuania) jel:Q Sustainability organizations Aplinkos apsauga / Environmental protection Marketing Pastatai. Namai / Buildings. Houses lcsh:Environmental sciences lcsh:GE1-350 Finance Sustainable development sustainable development model Real estate development Renewable Energy Sustainability and the Environment business.industry lcsh:Environmental effects of industries and plants jel:Q0 jel:Q2 jel:Q3 multi-criteria decision analysis Property management jel:Q5 Local community lcsh:TD194-195 jel:O13 Sustainability TH sports arenas jel:Q56 business |
| Zdroj: | Sustainability Volume 7 Issue 6 Pages 6497-6522 Sustainability, Vol 7, Iss 6, Pp 6497-6522 (2015) Sustainability (Basel) 2015, 7, P. 6497-6522 |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su7066497 |
| Popis: | The principles of sustainability have become particularly important in the real estate and construction sector over the past decade. Despite extended efforts to evaluate the sustainability aspects of the real estate development, very few attempts have been exposed in the scientific literature pursuing integrating the investors and real estate developers’ responsibility for the local community, regional economy and environmental problems within their financial expectations. The paper presents methodology enabling evaluating the balance of real estate development sustainability and financial viability issues during the feasibility study process. The Model for Real Estate Investment Evaluation Based on Sustainable Development Aspects proposed by the authors was applied to the case study of Lithuanian sports and entertainment arenas. By using multi-criteria decision analysis sustainability assessment of multi-functional arenas was carried out which disclosed that positive sustainability effects lays down on the owner’s and operator’s monetary liabilities. Keywords: sustainable development; real estate; model; sports arenas; multi-criteria decision analysis. |
| Databáze: | OpenAIRE |
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