The impact of landscape quality on property investment decisions
Purpose – The purpose of this paper is to explore the investment decision-making process of major stakeholders in the property sector, with a specific focus on determining the impact of location quality (the quality of the immediate and wider environment within which the site is located) on the prop...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
MCB University Press
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/26386 |
| _version_ | 1848751971778953216 |
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| author | Roberts, C. Rowley, Steven Henneberry, J. |
| author_facet | Roberts, C. Rowley, Steven Henneberry, J. |
| author_sort | Roberts, C. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Purpose – The purpose of this paper is to explore the investment decision-making process of major stakeholders in the property sector, with a specific focus on determining the impact of location quality (the quality of the immediate and wider environment within which the site is located) on the property investment decision. Design/methodology/approach – The research was undertaken in the context of UK business parks in two regional property markets; South Yorkshire and the South East. Interviews were undertaken with key stakeholder groups adopting an innovative approach utilising graphics and visualisations to explore the impact of landscape quality on investment decisions. Findings – When landscape quality in business parks is considered holistically, it has only an indirect role to play in the property investment decision. Occupiers in South Yorkshire and the South East have low expectations of landscape quality on business park sites, but there are elements of landscape quality that occupiers appreciate and consider to add to the quality of the site. However, investors and developers do not consider landscape quality plays a role in their decision process. There exists the potential for the “removed” perspective of investors and developers to result in a dislocation between their perception of occupiers’ requirement and reality. Originality/value – This study represents the first attempt to explore, in detail, the role of landscape quality in property decisions of key stakeholders in the UK property market. It also uses innovative methods to convey complex concepts of landscape quality to non-technical participants. |
| first_indexed | 2025-11-14T08:01:12Z |
| format | Journal Article |
| id | curtin-20.500.11937-26386 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:01:12Z |
| publishDate | 2011 |
| publisher | MCB University Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-263862017-09-13T16:07:58Z The impact of landscape quality on property investment decisions Roberts, C. Rowley, Steven Henneberry, J. Property investment Decision making Landscape quality Investors Commercial property Developers Landscaping Occupiers United Kingdom Purpose – The purpose of this paper is to explore the investment decision-making process of major stakeholders in the property sector, with a specific focus on determining the impact of location quality (the quality of the immediate and wider environment within which the site is located) on the property investment decision. Design/methodology/approach – The research was undertaken in the context of UK business parks in two regional property markets; South Yorkshire and the South East. Interviews were undertaken with key stakeholder groups adopting an innovative approach utilising graphics and visualisations to explore the impact of landscape quality on investment decisions. Findings – When landscape quality in business parks is considered holistically, it has only an indirect role to play in the property investment decision. Occupiers in South Yorkshire and the South East have low expectations of landscape quality on business park sites, but there are elements of landscape quality that occupiers appreciate and consider to add to the quality of the site. However, investors and developers do not consider landscape quality plays a role in their decision process. There exists the potential for the “removed” perspective of investors and developers to result in a dislocation between their perception of occupiers’ requirement and reality. Originality/value – This study represents the first attempt to explore, in detail, the role of landscape quality in property decisions of key stakeholders in the UK property market. It also uses innovative methods to convey complex concepts of landscape quality to non-technical participants. 2011 Journal Article http://hdl.handle.net/20.500.11937/26386 10.1108/14635781211194818 MCB University Press restricted |
| spellingShingle | Property investment Decision making Landscape quality Investors Commercial property Developers Landscaping Occupiers United Kingdom Roberts, C. Rowley, Steven Henneberry, J. The impact of landscape quality on property investment decisions |
| title | The impact of landscape quality on property investment decisions |
| title_full | The impact of landscape quality on property investment decisions |
| title_fullStr | The impact of landscape quality on property investment decisions |
| title_full_unstemmed | The impact of landscape quality on property investment decisions |
| title_short | The impact of landscape quality on property investment decisions |
| title_sort | impact of landscape quality on property investment decisions |
| topic | Property investment Decision making Landscape quality Investors Commercial property Developers Landscaping Occupiers United Kingdom |
| url | http://hdl.handle.net/20.500.11937/26386 |