Multiple logics in financialisation? Moving to carbon sustainability in build-to-rent development

Wainwright, Thomas; Demirel, Pelin

doi:10.1177/0308518x221123813

Cited by 3 publications

(1 citation statement)

References 51 publications

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“…These innovations and complexities bring higher risks and challenges that require strengthened regulation and risk management (Ivanov, 2022). Especially when combining asset securitization with ecological compensation, generating stable cash flows and defining clear asset ownership are the primary conditions for the operation of ecological compensation asset securitization (Wainwright & Demirel, 2023). In the study of wetland resource securitization in the United States, Song et al (2013) proposed solving the problem of unclear wetland property rights and establishing a sound financial system to ensure the operation of environmental asset securitization.…”

Section: Literature Reviewmentioning

confidence: 99%

The way to induce asset‐backed securities participation in eco‐compensation

Zhang,

2023

Manage Decis Econ

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By establishing an ecology compensation asset securitization project, market mechanisms can be used to regulate the interests of stakeholders in ecological conservation. Previous studies have shown that combining asset securitization with environmental protection can effectively promote the sustainable development of both economy and environment. However, there is still a lack of research on the stable mechanisms and impact of integrating ecology compensation and asset securitization. In this study, we propose a comprehensive operating model for ecology compensation asset securitization and a specific valuation framework supported by a multi‐period, multi‐state Markov model for ecology compensation asset securitization. If the project's net present value is positive, it can effectively reduce the risks of ecology compensation projects and increase the return rate of ecology compensation asset securitization projects. By employing the case study of ZhongHang ShouGang Green Energy (SZ:180801) and implementing the asset pool valuation using the multi‐state Markov model, the deviation error is 0.89%, validating the effectiveness of the model. Additionally, sensitivity analysis from simulation results indicates that changes in interest rates and default probabilities are the main factors influencing the valuation of the asset pool. After summarizing the research conclusions, relevant policy recommendations and future prospects are presented. This research aims to provide reference for the development and application of ecology compensation asset securitization.

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Section: Literature Reviewmentioning

confidence: 99%

The way to induce asset‐backed securities participation in eco‐compensation

Zhang,

2023

Manage Decis Econ

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Investigating energy performance of build-to-rent buildings in england

Li,

Hong,

Watkins

et al. 2024

Building Services Engineering Research and Technology

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The domestic sector made up 16% of UK’s total greenhouse gas emissions in 2021. The build-to-rent market is experiencing a rapid expansion, but the energy performance and distinctiveness of this building sector are still generally undiscovered. Therefore, 423 build-to-rent flats from three build-to-rent developments in England were evaluated with top-down approach. Energy use intensities of flats were compared against domestic energy benchmarks and design targets. Possible determinants of energy consumption in build-to-rent flats, including EPC rating, number of bedrooms, air permeability, glazing area and glazing orientation were investigated through correlation analyses. Research discovers discrepancy between actual energy performance of the studied flats and design targets supporting UK’s 2050 net zero target. In this case study, number of bedrooms is identified as the most noticeable factor influencing energy consumption. Results of this study provide an introductory insight of the build-to-rent sector and serve as a starting point to encourage further exploration. Practical application This paper specifically focuses on build-to-rent buildings within the domestic sector. Energy use situations of build-to-rent flats in the UK were investigated with actual measured data provided by a build-to-rent developer. Results demonstrate the discrepancy between energy use in the build-to-rent flats being studied and existing domestic benchmarks. This paper provides insights to researchers, building developers and policymakers regarding the energy performance of this upsurging build-to-rent building sector and its associated influencing factors. It also contributes ideas on the importance of data sharing and development of energy benchmarking of the build-to-rent sector.

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Key Themes of Build-to-Rent: Developing a Conceptual Framework for Achieving Successful Developments through a Systematic Literature Review

Carvalho,

Liu,

Zhang

et al. 2023

Buildings

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There is currently a pressing need for rental housing to be built and the Build-to-Rent (BTR) market is growing to address such housing demands. Existing research focuses on the financial and planning aspects of existing BTR markets. However, more research is needed to clarify the responsibilities and strategies of key stakeholders to achieve success in BTR developments. Moreover, as an emerging topic, identifying the key themes of research and future directions may be beneficial for the body of knowledge. This study critically analyses the existing research published on BTR and aims to identify their key themes and recommend strategies, via a conceptual framework, for achieving success in BTR developments. Systematic literature review methodology was employed to identify recent publications on the topic of BTR, utilising the databases Web of Science and Scopus. A total of 58 research publications from 2013 to 2023 were identified. Using Leximancer software, the identified literature was systematically and thematically analysed. The analysis identified four themes: (1) stakeholders’ influences on the uptake of the BTR model; (2) BTR as a viable model for addressing soaring rental housing demand; (3) tenant-oriented BTR development; and (4) design and construction management of BTR. This research combines these themes into a conceptual framework, provides useful recommendations to facilitate the implementation of BTR developments, and identifies future research directions for this topic.

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Multiple logics in financialisation? Moving to carbon sustainability in build-to-rent development

Cited by 3 publications

References 51 publications

The way to induce asset‐backed securities participation in eco‐compensation

The way to induce asset‐backed securities participation in eco‐compensation

Investigating energy performance of build-to-rent buildings in england

Key Themes of Build-to-Rent: Developing a Conceptual Framework for Achieving Successful Developments through a Systematic Literature Review

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