Abstract
This study examines the effectiveness of the investment practice known as 'Socially Responsible Property Investment' (SRPI) in the arena of urban regeneration in the UK. Funds and developers make special claims for their regeneration schemes, namely, that they deliver enhanced social benefits. This study explores: what in regeneration practice distinguishes SRPI; the actual priorities and behaviours of investors and developers in the sub-sector; what their resultant regeneration schemes are moving towards; and future implementation suggested via a Social Credit Rating scoring of SRPI regeneration schemes. The paper reveals that SRPI is far from uniform, with a spectrum of investors and developers adopting differing priorities driven by their own investment targets. The study identifies SRPI as playing an exemplary role in urban regeneration, while finding significant barriers to widening its more mainstream application.
Original language | English |
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Pages (from-to) | 152-163 |
Number of pages | 12 |
Journal | Journal of Urban Regeneration and Renewal |
Volume | 5 |
Issue number | 2 |
Publication status | Published - Mar 2012 |
Keywords
- Investment
- Property
- Social responsibility
- Socially responsible property investment
- Sustainability
- Urban regeneration
ASJC Scopus subject areas
- Urban Studies