Assessing Some Associated Risk Factors in Corporate Real Estate Development
2017
Oloyede, S. A. | Ayedun, C. A.
This Chapter focuses. on the various challenges inherent in corporate real estate development as they relate to the provision of shelter for the workforce in an organisation. In view of the corporate names attached to such estates and their special usage as residences, such estates become very essential in terms of providing shelter for an organisation's workforce. It argues that the economic downturn witnessed by the country within the past decade, coupled with high maintenance costs of the housing units over time, led to the variations that shattered the initial goal of the huge investments in corporate real estate business. These identified challenges led to the various types of staff housing loan schemes across the corporate organisations' urban workforce. It concludes with a framework whose validity and usefulness could be tested in practice
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