Ancrer le capital dans les flux logistiques: la financiarisation de l’immobilier logistique

Nicolas Raimbault

Revue d'économie régionale et urbaine, 2016, vol. Février, issue 1, 131-154

Abstract: The financialization of residential real estate, shopping malls and office properties has been particularly studied by academic literature. However, a specific real estate property hasn?t drawn too much attention: logistics real estate. Yet, this latter, due to the emergence of specialized international real estate developers-investors, follows an original financialization path, which reveals new trends of current city-making logics. In this paper, the mechanisms of the financialization of logistics real estate are analyzed and its consequences on local public action are highlighted. We demonstrate that this financialization, while bringing the capacity to develop logistics zones in territories whose governments don?t have the capacity to manage on their own such projects, leads to the privatization of local planning policies and, thus, of a large part of the regulation tools of this economic development. This way, we highlight the strong interest of analyzing the financialization of city-making from the perspectives of local policies.

Keywords: financialization; logistics real estate; peri-urbanization; privatization; public action (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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