Establishing the real value in development
At MIPIM in Cannes, we launched our in-depth study on the true value of real estate in places where people and communities thrive.
The report sets out a methodology for financial valuation of the societal impact of development and presents recommendations to enhance existing methods of valuation for both the public and private sectors.
We convened a working group at the beginning of 2017 with leaders from the public and private sectors to explore the barriers and opportunities to changing and broadening existing methods of valuation. Following these discussions, we commissioned the consultancy RealWorth to develop the rationale and suggest practical ways to initiate change in the real estate sector.
This new research tallies with the Greater London Authority’s Good Growth agenda as set out in the London Plan as well as the idea of best consideration of value that was highlighted in the Housing White Paper last year.
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