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Sustainability Aspects of Real Estate Development: Lithuanian Case Study of Sports and Entertainment Arenas

Apanaviciene, R and Daugeliene, A and Baltramonaitis, T and Maliene, V (2015) Sustainability Aspects of Real Estate Development: Lithuanian Case Study of Sports and Entertainment Arenas. SUSTAINABILITY, 7 (6). ISSN 2071-1050

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: 12 Built Environment And Design
Subjects: T Technology > TH Building construction
Divisions: Built Environment
Publisher: MDPI AG
Related URLs:
Date Deposited: 26 Jan 2016 15:39
Last Modified: 26 Jan 2016 15:39
DOI or Identification number: 10.3390/su7066497
URI: http://researchonline.ljmu.ac.uk/id/eprint/2765

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