Another insightful article from Aviva Investors about the evolution of our cities. It's a reasonably long read, but it's the final section that really intrigued me from a valuation perspective.
How do real estate investors and placemakers capture or quantify the social 'value' of the built environment?
Is it through job creation? The regenerative impact of a scheme? The environmental credentials of a building?
A complex issue that valuers need to navigate as these considerations grow in importance...
What might ‘inclusive prosperity’ mean for investors? Growing assets and generating income is a core priority but contributing to a thriving society is fundamental too.