Filtering Risk Away: Global Finance Capital, Transcalar Territorial Networks and the (Un)Making of City-Regions: An Analysis of Business Property Development in Bangalore, India

Halbert, Ludovic; Rouanet, H.

doi:10.1080/00343404.2013.779658

Cited by 120 publications

(108 citation statements)

References 29 publications

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“…In this market, the major development and construction groups and real estate consultants operate on an international scale (Cushman & Wakefield, Jones Lang Lasalle, etc.). To describe these networks of different groups involved in circulating capital across relatively long distances to their actual base in the urban environment, Halbert and Rouanet (2013) coined the term "transcalar territorial networks". Financial institutions therefore rely on specialist professionals whose job is to secure capital for the urban area.…”

Section: Spatiality and Temporalitymentioning

confidence: 99%

The real estate markets: Players, institutions and territories

2014

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Revealing the parties, the processes and the institutions and, consequently, both the diversity and contingency of the real estate markets, the existing increasing literature emphasises the contemporary numerous links and interdependencies between real estate, land value, planning and town planning policy and even the financial system. This paper is an attempt to understand all the real estate markets, from the most peripheral ones, where the urban rent is the lowest, to the most dense city centres. To gain a better understanding of the real estate market, a process of firstly deconstruction and then reconstruction is used. The process of deconstruction involves identifying various market trends according to property type (principally residential buildings), players and institutions, territorial situations and temporalities based on research conducted in Switzerland. We then developed a meta-synthesis inspired by Fernand Braudel whose works put as much emphasis on day-to-day economic activity as on long-term activity, and on local as well as global issues.

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Section: Spatiality and Temporalitymentioning

confidence: 99%

The real estate markets: Players, institutions and territories

2014

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“…On the other hand, the databases created tend in return to orient and structure investments in the direction of certain objects and certain places. This leads to a 'place dependency' effect, focusing on the main metropolises and certain objects because of growing yields once the local markets have become 'transparent', the creation of partnerships, or the construction of dominant, mimetic opinions within the community of investors (HALBERT and ROUANET, 2013;HENNEBERRY and MOUZAKIS, 2013).…”

Section: Financialized Urban Spacesmentioning

confidence: 99%

Sustainability and the Anchoring of Capital: Negotiations Surrounding Two Major Urban Projects in Switzerland

Theurillat

Crevoisier

2013

Regional Studies

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. Emails: thierry.theurillat@unine.ch and olivier.crevoisier@unine.ch THEURILLAT T. and CREVOISIER O. Sustainability and the anchoring of capital: negotiations surrounding two major urban projects in Switzerland, Regional Studies. This article deals with the anchoring of mobile financial capital in the city and urban sustainability. Illustrated by a case study in the Swiss context, it develops the theory that new forms of negotiation are appearing around urban projects. Development/construction firms are playing a central role: they are capable of evaluating and translating the multiple dimensions of a project and certain sustainability challenges into financial terms, in a way that permits the anchoring of capital in the city. In parallel, the issue of sustainability depends greatly on the capacity of the local actors to negotiate with the promoters of urban projects. FinancializationUrban

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“…Circuits of investment (including in urban property development) are associated with specific localizations which foster and enable the intelligence and practical capacities to direct transnational investments (Bassens, DeRudder and Witlox, 2012;Halbert and Rouanet, 2014). Most attention has been paid to the processes of global switching, and financialisation, but it is clear that across the range of urban outcomes and processes, many different globalizing processes need to be attended to -including, for example, developmental and geopolitical circuits, as Söderström's (2014) study of the political international associations sought by Ouagadougou brings out.…”

Section: Connections As Urbanization Processesmentioning

confidence: 99%

“…Focusing on the fullness of any given case, its internal multiplicity and heterogeneity, invites new starting points for wider analysis. For example, while we might begin by following the globalizing circuits of financialisation, we might find ourselves presented with a multiplicity of actors and processes assembled in emergent territorialized and transnational political formations (Halbert and Rouanet, 2014;Weber, 2015). Thinking across this multiplicity could inspire new formulations of urban politics and its changing territorializations (see Shatkin, 2017, for example), starting with any of the many different actors and processes shaping and contesting specific urban developments across the numerous urban contexts shaped by financialized circuits and flows.…”

Section: Connections Producing Repeated Instancesmentioning

confidence: 99%

Policy mobilities as comparison: urbanization processes, repeated instances, topologies

Robinson

2018

Rev. Adm. Pública

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Following on from calls to reformat comparative urban methods to support global urban studies, this paper draws inspiration from policy mobilities to explore how the genetic interconnectedness of urban processes and outcomes can be mobilised methodologically to critique and extend concepts in urban theory through comparison. What might be the scope and tactics for a practice of comparison through connections, which can start anywhere and build comparisons and analytical insights across a very great diversity of urban experiences? This paper explores three possible ways to take this forward. Firstly, tracing a specific connection, such as a policy link, from one context to another or across a number of different contexts contributes to understanding specific urbanization processes. Secondly, following connections brings into view the range and variety of processes and outcomes in different contexts. In the highly transnationalised world of urban policy this method potentially links a very wide variety of diverse urban contexts and draws attention to a multiplicity of repeated instances of urban forms. Finally, the paper considers the potential to work with the array of transnational processes shaping distinctive policy outcomes and development paths as they come together in one specific place -to explore how "elsewhere" is folded in to localised growth paths. Thus, comparative practices could follow policy mobilities to explore the potential of a more topological imagination of thinking across different contexts, and bringing a diversity of urban contexts into analytical conversation. Along these lines, the invention of concepts and understandings of the urban might emerge anywhere, and perhaps find wider relevance across different situations. Following the trajectories of policy mobilities is thus not only a pathway to inventing new methods but also potentially new grounds for theorizing the urban. Keywords: comparative urbanism; policy mobilities; repeated instances; topological space. Comparando a mobilidade das políticas públicas: processos de urbanização, instâncias repetidas e topologiasEm resposta à urgência por reformatar métodos urbanos comparativos que proporcionem embasamento para estudos urbanos globais, este artigo se inspira na mobilidade de políticas para explorar como a interconexão genética de processos e resultados urbanos pode ser mobilizada metodologicamente para criticar e estender conceitos na teoria urbana por meio da comparação. Quais poderiam ser o escopo e as táticas para uma prática de comparação por meio de conexões, que comecem onde quer que seja e que construam comparações e insights analíticos em uma grande diversidade de experiências urbanas? Este artigo explora três maneiras possíveis de levar isso adiante. Em primeiro lugar, o rastreamento de uma conexão específica, como um link de políticas, de um contexto para outro ou entre vários contextos diversos, contribuindo para a compreensão de processos específicos de urbanização. Em segundo lugar, as conexões seguintes colocam em evid...

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Filtering Risk Away: Global Finance Capital, Transcalar Territorial Networks and the (Un)Making of City-Regions: An Analysis of Business Property Development in Bangalore, India

Cited by 120 publications

References 29 publications

The real estate markets: Players, institutions and territories

The real estate markets: Players, institutions and territories

Sustainability and the Anchoring of Capital: Negotiations Surrounding Two Major Urban Projects in Switzerland

Policy mobilities as comparison: urbanization processes, repeated instances, topologies

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