The Development of the Real Estate Investment Fund for the Purpose of Regional Development

Salaj, Alenka Temeljotov; Jančar, Jerica; Brus, Mojca Štritof; Trpin, Gorazd

doi:10.4335/9.3.265-281(2011)

Cited by 11 publications

(5 citation statements)

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“…Research shows (Grum and Kobal Grum, 2015) that the participants generally expressed a higher degree of the sense of security if they were related. Thomas (2009) found that couples where both are employed are financially in a better position, and they enter the real estate market more easily. The Slovenian participants enter later into the ownership sphere.…”

Section: Resultsmentioning

confidence: 99%

“…Research shows that homeowners on average accumulated the fewest problems, and their incomes are, on average, less burdened by housing costs (Mandič et al , 2006). The availability of housing is measured according to internationally recognized border, according to which housing costs should not exceed 30 per cent of disposable income in the household (Thomas, 2009). Some authors also point to the importance of social status because the fear of crime is particularly present in those who are in disadvantaged situations, which can be attributed to the fact that they have no means to protect themselves and their property or to move to another environment (McCrea et al , 2005).…”

Section: Legal Regulationsmentioning

confidence: 99%

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Impact of facilities maintenance on user satisfaction

Grum¹

2017

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PurposeThis paper aims to focus on how participants link the degree of satisfaction regarding the living conditions and the level of maintenance of facilities. The authors were interested in cross-cultural comparison between Slovenia and Serbia. Design/methodology/approachThe main instrument for measuring the participants’ level of satisfaction is a questionnaire formed by the authors. The study of the questionnaire was conducted in two phases. Statistical analysis of the first phase covering factor analysis of the questionnaire and analysis of the reliability of the questionnaire (Cronbach’s alpha) in the second phase, descriptive statistics and analysis of variance were used. The study involved 1,006 Slovenian and 385 Serbian participants. Data were statistically analyzed by analysis of variance. FindingsThe results show that the Slovenian and Serbian participants express a statistically significant difference in the degree of satisfaction regarding the level of maintenance of the living environment, namely, with regard to the location of the real estate, the size of housing units, central heating and a sense of social belonging to the neighborhood. The overall picture shows that Slovenian participants have a considerably higher degree of satisfaction regarding the living conditions in the neighborhood and regarding the level of maintaining facilities than Serbian participations. Research limitations/implicationsThese are potential risks of error arising from the use of assumptions, limited sample size and data from the secondary resources. Practical implicationsThe results show that the law must clearly define the obligations of professional managers who will have to hold licenses to manage buildings. The residential community could be put into receivership if it is not organized in compliance with the law until it is regulated. That leads to efficient and streamlined maintenance costs and results in a better-quality living environment where users expect to reflect a higher degree of sense of security, a sense of social belonging to the neighborhood and consequently a higher degree of satisfaction. Social implicationsIn this study, the authors were interested in how the participants link the level of satisfaction with the living conditions and the level of facilities maintenance. In doing so, the authors were also interested in living environment parameters, such as location, size, illumination, noise and old apartments, old neighborhoods, internet access, central heating and a sense of security in the neighborhood, a sense of social belonging and a sense of living environment and suitable economic status. Originality/valueThe major contributions of this paper are as follows: the law must clearly define the obligations of professional managers who will have to hold a license to manage the building. The adoption of the “Facilities Maintenance Law” helped promote the overall legal and economic climate in the country, which led to the increase of investments in all areas of economic and social life, as well as to a higher level of residential “well-being” (sense of security, sense of social belonging to the neighborhood and consequently a higher level of satisfaction).

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Section: Resultsmentioning

confidence: 99%

Section: Legal Regulationsmentioning

confidence: 99%

Impact of facilities maintenance on user satisfaction

Grum¹

2017

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“…Salaj et al (2018) present the opportunities for facilities management (FM) on the level of participating more actively in the development of new area to help building a competitive and healthy area with high quality for residence, business and spare time. Therefore, the planning the first stages of development of the built social infrastructure is crucial, and afterwards, proper maintenance and facilities management take an important role (Temeljotov Salaj et al, 2011;Salaj et al, 2018).…”

Section: Theorization Of Main Concepts 21 Social Infrastructurementioning

confidence: 99%

Concepts of social sustainability based on social infrastructure and quality of life

Grum

2020

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Purpose There is a lack of theoretical and empirical studies regarding concepts of social sustainability based on social infrastructure. The idea of understanding this paper is that quality social infrastructure leads to the general quality of people’s life in the built environment and that is rounded up to social sustainability. This paper aims to integrate these concepts into the network, hereinafter referred to as a social sustainability model. Design/methodology/approach The methodology used in this paper is desk research. The authors follow methodological steps in the building of conceptual network: setting up a research problem; choice of databases; reviewing the literature and categorizing the selected data; identifying and default conceptual definition; integrating the concepts; synthesis and making it all make sense; and assembly and validating the concept. Through that, a large volume of bibliographic materials was scanned, and a limited number of documents have been reviewed and critiqued. The documents have been selected from varied disciplines, including social infrastructure, quality of life, social sustainability, urban sociology, housing policy as among the articles. Findings The result is the model which represents the links between social infrastructure (utility equipment, public infrastructure, vital objects and fundamentals) and further between factors inside quality of life structure (users, quality of life, reflections). The result is the model which representing the links between social infrastructure (utility equipment, public infrastructure, vital objects and fundamentals) and further between factors inside well-being structure (users, quality of life, reflections). Research limitations/implications There is a potential risk of errors arising from the use of assumptions, limited desk reviews and data from secondary resources. Originality/value The authors portray the development of social sustainability model. Within this model, the authors can critically observe all levels within the existing built environment: user responses to the built environment, their satisfaction, social inclusion, health, etc. Within this model, they can observe the links between existing research, their frequency, capture, direction and not least to determine which areas have not been explored and where the lacks of research are. The conclusion outlines the framework and its main concepts of social sustainability based on social infrastructure and well-being, including their theoretical premises and components.

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“…To better relate FM to urban development multi-sector partnership, the uniqueness in terms of the urban setting on the aims of the partnership should be understood. In other sectors, multi-sector partnerships could be completely profit-oriented or focused on an innovation breakthrough (Zhao et al, 2012;Roumboutsos et al, 2017), whereas in urban development, it could be focused on creating public value or enabling the sustainability transition (Salaj et al, 2011;Williems et al, 2017;Salaj et al, 2018). Multi-sector partnerships for different purposes could have differences in their internal properties that influence the aims and choice of partners, based on the importance of the organizational environment of the city for carrying out the object or process (Dubben and Williams, 2009).…”

Section: Introductionmentioning

confidence: 99%

Urban facility management

Salaj

Lindkvist

2020

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Purpose This paper aims to illustrate where facility management (FM) is having an impact on the urban environment and what other work needs to be done to easier facilitate achievement of the sustainable development goals (SDGs). This is important for practices as it highlights opportunities where the FM discipline can develop and to research to illustrate where the discipline is going. The societal benefit is that we see Urban FM as an intermediator between citizens, public and private practices providing the platform of how they can work together for mutual benefit. Design/methodology/approach The method used is a literature review, looking latest state-of-art in the mentioned field has been assessed and the developments along with potential future research focuses, have been identified. The current scope to expand FM role were also taken into consideration from a recent workshop at the EuroFM conferences 2019 and 2020, several presentations at the CIB World Congress Hong Kong 2019, CIRRE 2018 and 2019, and special Facilities’ issue, illustrating how FM works within Urban environments and the potential contribution the discipline makes on neighbourhoods, communities and broader city-scale. Findings The authors present how FM fits in with a Smart and Sustainable City context by positioning communities as core for meeting SDGs, but they often fall out of needs perspective for hard and soft services. Since 2018, the authors have intensely worked on this topic developing conference papers at both a European and international level. The topic of Urban FM is growing in importance based on out interactions at these conferences and interactions with FM network groups. In addition, the authors have been identifying gaps, with communities that are currently not being met by current urban practice perspectives but could be met through an Urban FM practice perspective. They have engaged an educational perspective of Urban FM by developing workshops, summer schools with students from around Europe and new courses. With a specific focus on this concept, it is important to branch out ideas and disseminate of what a more structured urban FM is. Research limitations/implications Smart and Sustainable Cities has been a focus for many years now from various perspectives such as urban planning and technology providing solutions and frameworks on how to manage increasing populations in cities. What these studies neglect is a service-oriented perspective supporting the livability requirements and social values of future and current communities living in cities which goes beyond operating and maintaining infrastructure of cities. This neglect which highlights the need to develop an understanding where FM expands its role in the urban environment. Originality/value The aim is to highlight solidify research that is happening in this area where FM links to the urban environment and the benefit it has in terms of sustainability. It illustrates to practice and teaching that the concept of FM is relevant within an urban environment, creates stronger connections within and between citizens and cities and illustrate how Urban FM is necessary in facilitating community facilities.

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The Development of the Real Estate Investment Fund for the Purpose of Regional Development

Cited by 11 publications

References 0 publications

Impact of facilities maintenance on user satisfaction

Impact of facilities maintenance on user satisfaction

Concepts of social sustainability based on social infrastructure and quality of life

Urban facility management

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