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Risk in mixed-use property development in South Africa : a case study of Melrose Arch

Dissertation (MBA)--University of Pretoria, 2010.

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Other Authors: Viruly, Francois
Format: Thesis
Published: University of Pretoria 2013
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access_status_str Open Access
author2 Viruly, Francois
author_browse Viruly, Francois
author_facet Viruly, Francois
collection Thesis
dc_rights_str_mv © 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretori
description Dissertation (MBA)--University of Pretoria, 2010.
format Thesis
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institution University of Pretoria (South Africa)
last_indexed 2026-06-10T12:40:01.664Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2013
publishDateRange 2013
publishDateSort 2013
publisher University of Pretoria
publisherStr University of Pretoria
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source_str UPSpace — University of Pretoria Institutional Repository
spelling oai:repository.up.ac.za:2263/25375 Risk in mixed-use property development in South Africa : a case study of Melrose Arch Viruly, Francois ichelp@gibs.co.za McDonald, Stefanus Albertus Myburgh UCTD Risk Mixed-use development Property development New urbanism Dissertation (MBA)--University of Pretoria, 2010. Mixed-use development is a growing trend that is transforming the real estate landscape and is defined as a real estate project with planned integration of some combination of retail, office, residential, hotel, recreation or other functions that are pedestrian-oriented, limit urban sprawl and have architectural expression. Without a tested framework to predict and mitigate risk in a development, it is difficult for investors and property developers to make accurate business decisions. The aim of the research was to explore the risks associated with a prominent mixed-use development and how these risks may be mitigated from a business perspective. From the existing literature, a framework was constructed of elements that would impact on the risk profile of a mixed-use development. Due to the limited amount of available literature, a qualitative and exploratory research design was employed. Due to its prominence and distinctiveness, Melrose Arch in Johannesburg was selected as a case study. A process of triangulation was used between observations, documentation and in-depth, open-ended interviews with the key role players in the development of Melrose Arch. The research indicates that Melrose Arch is riskier than traditional property development. Mixed-use development is an ongoing concern that requires ongoing strategic alignment and general management expertise. Findings from the research contributed to construct a comprehensive framework for risk mitigation in the mixed-use development process. Copyright Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T21:05:23Z 2011-06-09 2013-09-06T21:05:23Z 2010-11-10 2010 2011-06-09 Dissertation McDonald, SAM 2010, Risk in mixed-use property development in South Africa : a case study of Melrose Arch, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/25375 > F11/238/ag http://hdl.handle.net/2263/25375 http://upetd.up.ac.za/thesis/available/etd-06092011-092604/ © 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretori application/pdf University of Pretoria
spellingShingle UCTD
Risk
Mixed-use development
Property development
New urbanism
Risk in mixed-use property development in South Africa : a case study of Melrose Arch
title Risk in mixed-use property development in South Africa : a case study of Melrose Arch
title_full Risk in mixed-use property development in South Africa : a case study of Melrose Arch
title_fullStr Risk in mixed-use property development in South Africa : a case study of Melrose Arch
title_full_unstemmed Risk in mixed-use property development in South Africa : a case study of Melrose Arch
title_short Risk in mixed-use property development in South Africa : a case study of Melrose Arch
title_sort risk in mixed use property development in south africa a case study of melrose arch
topic UCTD
Risk
Mixed-use development
Property development
New urbanism
url http://hdl.handle.net/2263/25375
http://upetd.up.ac.za/thesis/available/etd-06092011-092604/