Reviews the economic and financial considerations relevant toinvestment in shopping centre refurbishment. Considers the problems ofeconomic obsolescence through rising maintenance costs and fallingrents, and legal obsolescence through changes in legislation and safetyregulations, using case study examples. Concludes that refurbishment isusually an attractive proposition, even a defensive necessity thefinancial implications of refurbishment can be analysed formally.
Property Management – Emerald Publishing
Published: Jan 1, 1992
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