A real estate development model for Turkey: real estate certificates and integrated project delivery

dc.contributor.authorBilge, Eymen Cagatay
dc.date.accessioned2021-01-25T21:48:03Z
dc.date.available2021-01-25T21:48:03Z
dc.date.issued2020
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractPurpose: Technological developments are having an impact on the construction sector and are creating a paradigm shift in project delivery methods. Traditional project delivery systems are inadequate in current project development processes. A more integrated project delivery system and the establishment of contractual and financial structures are needed. The purpose of this study is to incorporate integrated project delivery and real estate certificate concepts and propose a model for real estate development. Design/methodology/approach: As a methodology, both integrated project delivery and real estate certificate concepts are reviewed individually, and a case to real estate certificate in Turkey is examined. Findings: A real estate certificate is a new method for financing the development process. The system covers the financial dimension of the integrated project delivery system. When these two concepts are combined, they provide an alternative to the real estate development process. Research limitations/implications: This study is a preliminary study and lays the foundation for future studies. Practical implications: In theory, both concepts have many advantages, in practice, it is essential to create the necessary legal basis for these advantages to be valid. As this process requires significant planning and contract management, the proposed model must be properly designed at the start of the project. Originality/value: This study proposes a new model for real estate development by combining integrated project delivery and real estate certificate concepts. © 2020, Emerald Publishing Limited.en_US
dc.identifier.doi10.1108/PM-04-2020-0024en_US
dc.identifier.issn0263-7472
dc.identifier.scopus2-s2.0-85097384664en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.urihttps://doi.org/10.1108/PM-04-2020-0024
dc.identifier.urihttps://hdl.handle.net/11467/4498
dc.identifier.wosWOS:000598026100001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Holdings Ltd.en_US
dc.relation.ispartofProperty Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectIntegrated project deliveryen_US
dc.subjectReal estate certificatesen_US
dc.subjectReal estate developmenten_US
dc.subjectReal estate financingen_US
dc.titleA real estate development model for Turkey: real estate certificates and integrated project deliveryen_US
dc.typeArticleen_US

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