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Title: The contribution of property investment vehicles in financing urban regeneration in the UK
Author: Haran, Martin Edward
ISNI:       0000 0001 3531 1974
Awarding Body: University of Ulster
Current Institution: Ulster University
Date of Award: 2008
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Urban regeneration has been an integral focus of central government policy in the UK for almost four decades and has contributed to the transformation in image of many towns and cities. Regeneration is fundamental to the competitiveness of the national economy and to the abolition of exclusion and deprivation in society. The regeneration of urban Britain is ongoing, as many inner city areas continue to be characterised by the symptoms of urban decline. The renaissance cann.ot b.e sustained through public sector investment alone, increased pressure on public sector expenditure has meant that the ability of central government to finance the urban renaissance will continue to diminish, intensifying the need to attract greater levels of institutional investment into regeneration. Institutional investors have been identified as the investor grouping best placed to commit to regeneration given their investment capacities and longer term investment horizons. This thesis focuses on the attraction of institutional investment into regeneration through property investment vehicles. Property is the integrating link between the institutions and regeneration and is central to the enhancement of institutional investment, contributing to the physical transformation of an area and acting as the catalyst to wider economic regeneration. The study employs a triangulated research design combining secondary data analysis; property fund manager interviews and case study themed investigations to examine the contribution of property investment vehicles in financing urban regeneration in the UK.' The principal conclusions from the thesis highlight a growing acceptance among key institutional investment decision makers of the opportunities to be realised through investment in regeneration property. The current appetite for regeneration property among institutional investors is strong but has not at this stage been translated into substantive levels of investment. The findings from this study identify the principal reasons for the lack of investment to be the diversity in the geographic investment focus of institutional investors and the location of regeneration investment opportunities, and the lack of specialist regeneration vehicles facilitating investment.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available