Impact investments in real estate development : no trade-offs with digital entrepreneurship

Meslec, Mihaela; Druhmann, Carsten K.

Publication type:	Conference other
Type of review:	Peer review (abstract)
Title:	Impact investments in real estate development : no trade-offs with digital entrepreneurship
Authors:	Meslec, Mihaela Druhmann, Carsten K.
et. al:	No
Proceedings:	Conference Book of Abstracts ICREDM 2023
Page(s):	137
Conference details:	International Conference on Real Estate Development and Management (ICREDM), Ankara, Turkey, 1-4 February 2023
Issue Date:	2023
Language:	English
Subjects:	Digitalization; Lifecycle management; Real estate development; Impact investment; Entrepreneurship
Subject (DDC):	332.6: Investment 338.927: Environmental economics and sustainable development
Abstract:	The real estate development industry is witnessing a paradigm shift from traditional to responsible, sustainable and impact investments. Emerging regulations are driving the process of disclosing the sustainability performance addressing decarbonization, circular economy or biodiversity among others. The challenge is to find the balance between directing capital towards these measures and compromising yields. The purpose of this study is to identify the strategies and techniques to minimize the trade-offs between environmental and social impact on one side and financial return on the other side. An extensive literature review and analysis of existing impact investments frameworks from finance and real estate development fields was performed. Even though in the past investors were willing to accept a lower financial yield when creating impact, the results show the potential of digitalization and entrepreneurship to be used in conjunction with the real estate development process as a base for an integrative new framework to generate innovative impact solutions by taking more risks. The novelty of the approach comes from dealing with the contradiction of making the goals of social or environmental impact compatible with profit. Digital entrepreneurship can play an important role in enabling the transition to a new economy for the impact investment market in real estate development.
URI:	https://digitalcollection.zhaw.ch/handle/11475/30134
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	Life Sciences and Facility Management
Organisational Unit:	Institute of Facility Management (IFM)
Appears in collections:	Publikationen Life Sciences und Facility Management

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Meslec, M., & Druhmann, C. K. (2023). Impact investments in real estate development : no trade-offs with digital entrepreneurship [Conference presentation]. Conference Book of Abstracts ICREDM 2023, 137.

Meslec, M. and Druhmann, C.K. (2023) ‘Impact investments in real estate development : no trade-offs with digital entrepreneurship’, in Conference Book of Abstracts ICREDM 2023, p. 137.

M. Meslec and C. K. Druhmann, “Impact investments in real estate development : no trade-offs with digital entrepreneurship,” in Conference Book of Abstracts ICREDM 2023, 2023, p. 137.

MESLEC, Mihaela und Carsten K. DRUHMANN, 2023. Impact investments in real estate development : no trade-offs with digital entrepreneurship. In: Conference Book of Abstracts ICREDM 2023. Conference presentation. 2023. S. 137

Meslec, Mihaela, and Carsten K. Druhmann. 2023. “Impact Investments in Real Estate Development : No Trade-Offs with Digital Entrepreneurship.” Conference presentation. In Conference Book of Abstracts ICREDM 2023, 137.

Meslec, Mihaela, and Carsten K. Druhmann. “Impact Investments in Real Estate Development : No Trade-Offs with Digital Entrepreneurship.” Conference Book of Abstracts ICREDM 2023, 2023, p. 137.