What risks are involved in creating value in urban and real estate projects?
Organized by the Scientific Committee of the Chair in the Economics of Urban Ecological Transition (Chaire Économie de la Transition Écologique Urbaine), in partnership with the United Nations Environment Programme (UNEP), this third scientific workshop will bring together researchers, economic stakeholders, and professionals from the real estate and urban sectors to analyze the economic functioning of the value chain in urban and real estate projects, with a focus on the distribution and remuneration the distribution, and the compensation for risks among the various stakeholders.
Against the backdrop of the ecological transition and the transformation of urban production models, urban projects bring together a wide range of stakeholders—local governments, planners, developers, investors, insurers, architects, and engineering firms—who are involved at various stages of a project’s lifecycle. Each faces economic, technical, regulatory, or financial risks that they seek to anticipate, manage, or transfer. However, these approaches are often poorly understood among stakeholders, which can lead to tensions and misunderstandings within the value chain.
The aim of this new edition is to gain a better understanding of the economic behavior of stakeholders involved in urban projects by analyzing their perception of risk and the strategies they employ to address it. The workshop will also seek to shed light on the mechanisms of value creation in real estate projects and how this value compensates the various stakeholders for the risks they assume, by examining their roles in financing and managing these operations.
This afternoon workshop will bring together academics and professionals involved in urban development.
The discussions will focus on dialogue between project owners and project managers, bringing together the perspectives of local governments, planners, financiers, developers, insurers, architects, and engineering firms. The workshop will be conducted under the Chatham House Rule to encourage open and constructive dialogue among researchers, public policymakers, and practitioners.
Through dialogue between academic research and professional practice, this workshop will contribute to the collective discussion on the economic foundations of urban development and risk-sharing mechanisms in real estate projects, within the context of environmental transition and the restructuring of urban economic models.