Description
Book SynopsisThis book introduces three innovative concepts and associated financial instruments with the potential to revolutionise real estate finance.
The factorisation of commercial real estate with factor-based real estate derivatives is the first concept analysed in this book. Methodological issues pertaining to factors in real estate risk analysis are covered in detail with in-depth academic reference. The book then analyses the digitalisation of commercial real estate. The environment in which buildings operate is changing fast. Cities which used to be made up of inanimate architectural structures are growing digital skins and becoming smarter. Smart technologies applied to the built environment are fundamentally changing buildings' role in cities and their interactions with their occupants. The book introduces the concept of smart space and analyses the emergence of digital rights' or property rights for smart buildings in smart environments. It proposes concepts and methods for i
Table of Contents
1. The factorisation of commercial real estate: factor-based real estate derivatives 2. The digitalisation of commercial real estate: smart space as real estate finance’s new asset 3. The tokenisation of commercial real estate: tokens as a new tool in financial engineering applied to real assets
