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Apanaviciene, R, Daugeliene, A, 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 |
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| Uncontrolled Keywords: | 12 Built Environment And Design |
| Subjects: | T Technology > TH Building construction |
| Divisions: | Civil Engineering & Built Environment |
| Publisher: | MDPI AG |
| Related URLs: | |
| Date Deposited: | 26 Jan 2016 15:39 |
| Last Modified: | 04 Sep 2021 13:33 |
| DOI or ID number: | 10.3390/su7066497 |
| URI: | https://researchonline.ljmu.ac.uk/id/eprint/2765 |
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