Real Estate, Finance and Urban Development 1: Privatization and Public Real Estate

Type: Paper
Sponsor Groups: Urban Geography Specialty Group, Economic Geography Specialty Group, Political Geography Specialty Group
Poster #:
Day: 4/10/2018
Start / End Time: 8:00 AM / 9:40 AM (Eastern Standard Time)
Room: St. Charles, Marriott, River Tower Elevators, 41st Floor
Organizers: Manuel Aalbers
Chairs: Martin Sokol


Session co-organised with the Regional Studies Association ( Research Network on Financial Geography (

Real estate and finance were at the roots of the global economic crisis that started in 2007. States and their many institutions, including central banks and financial regulators, have also been seen as complicit to the crisis. Cities have recently entered a period of severe economic turbulence, with high levels of financial uncertainty as resources of governments as well as citizens and businesses have diminished. Future funding for urban development is likely to be increasingly limited due to the reform and re-regulation of financial markets and changing underlying financial-economic conditions of urban property markets. This session emphasizes the relation between real estate, urban development and financial markets. In order to understand urban development and redevelopment processes, it is crucial to understand not only the interaction of supply and demand but also the role of state regulation as well as financial forces at work in increasingly international capital markets.


Type Details Minutes Start Time
Introduction Manuel Aalbers KULeuven 20 8:00 AM
Presenter Felix Silomon-Pflug*, Goethe University Frankfurt, Germany, Transformation of the local state, valorization of public real estate and urban (re-)development in Germany under conditions of urban austerity 20 8:20 AM
Presenter Ludovic Halbert*, Université Paris-Est, Félix Adisson*, Université Paris-Est, From Financial Markets to Austerity Policies through the Assetization of Public Real Estate. The case of the Italian Investment Fund “Fondo Immobili Pubblici” 20 8:40 AM
Presenter Sebastian Schipper*, Institut für Humangeographie, How rent gap theory has been made true and how it could be made untrue again. Gentrification and the financialization of land and housing in Frankfurt, Germany 20 9:00 AM
Presenter KAPIL ASHTEKAR*, Department of Geography, University of Mumbai, ‘Private Cities’ or ‘Real Estate Boom’: A case study of Kalyan-Dombivali Municipal Corporation 20 9:20 AM

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