[2001-011-C] Evaluation of Functional Performance in Commercial Buildings

2001-011-C
CRCci

2001

This project examines the performance of commercial buildings as investment assets. Its purpose is to enhance commercial real estate performance within both operational and investment...
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Overview

This project examines the performance of commercial buildings as investment assets. Its purpose is to enhance commercial real estate performance within both operational and investment contexts through the development of a model designed to support improved decision making. A risk adjusted discounted cash flow model will be developed and applied to assess operational and investment performance within the commercial office property sector. This research is unique in that it focuses on the accuracy of the input variables required for the model which are determined through the use of market-based research. The project considers probability-based risk analysis techniques which also require market-based assessment. Four of Queenslands Department of Public Works properties will initially be used as case studies however results will also be relevant to privately owned commercial property assets.

Research Team

Terry Boyd

Project Leader

Terry Boyd

Queensland University of Technology

Philip Kimmet,Stuart Ross,Marcello Tonelli

Participants

Philip Kimmet,Stuart Ross,Marcello Tonelli

Queensland University of Technology

Mervyn Cowley,Keith Van Eyk,Teng Hee Tan

Participants

Mervyn Cowley,Keith Van Eyk,Teng Hee Tan

Qld Dept of Public Works

Arun Kumar

Participants

Arun Kumar

RMIT

a.kumar@construction-innovation.info

David Donnan, Emlyn Keane

Participants

David Donnan, Emlyn Keane

Arup Australasia

Stephen Ballesty, Nick Ferrara

Participants

Stephen Ballesty, Nick Ferrara

Rider Hunt

John MacFarlane

Participants

John MacFarlane

University of Western Sydney

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