RICS Annual Review 2012

Thought leadership
With the wealth of knowledge, research capabilities and
market insight at our disposal we are in a strong position
to lead, influence and provoke discussions on key industry
issues across the world.
The 2012 Games: The Regeneration Legacy
Westminster, compares the planning and delivery of the 2012
Games in London with the approach of other host cities in delivering
regeneration associated with six previous major sporting events.
Cup in France and the 2006 Commonwealth Games in Melbourne.
It highlights London’s focus on legacy from the outset as a key
factor in planning for lasting benefit and how the Games provided
a unique opportunity to stimulate the regeneration of the heart of
on and around the site.
The report was launched by Olympics Minister Hugh Robertson
and Sport (DCMS) website. As well as being used as part of RICS
to support RICS engagement and promotion in different countries
Real estate and construction professionals in India by 2020
This study, carried out by Jones Lang LaSalle, indicates a likely
shortage of around 44 million core professionals in India by 2020.
The research analyses the future contribution of built environment
in India’s economic growth, population trends and corresponding
potential demand for real estate space and infrastructure. It then
analyses the professions and skills that will be required, in terms
of demand and supply of core professions of civil engineering,
architecture and planning; non-core professions; and new
specialised professions that are emerging in the fast-paced
and increasingly complex built environment.
The research has been the basis for a range of government
engagement by RICS India which has established RICS as an
influential body when it comes to the skills needs of India as
the country’s economy expands.
Commercial real estate climate change model
from over 60 000 buildings to build a picture of how climate
change affects operating costs and investment decisions in the
constant, overall energy demand and operating costs would
decrease, as increased electricity costs would be more than
compensated for by reduced heating costs. For office buildings,
This report has attracted interest from property owners and
occupiers in both the public and private sectors. RICS, along
with the research authors Sturgis Profiling, is in the process of
into a software tool to be used by property investors.
Tax Increment Financing: An opportunity for the UK
The report critically examines the TIF models that are operational
introduction of pilot TIF schemes in Scotland and the possible
use of TIF at Battersea in London.
The report was used to respond to the
issued in 2011 on the localisation
and retention of business rates.
The Future of Private Finance Initiative
and Public Private Partnerships
This groundbreaking research looked
at the impact of the global financial
crisis on Public Private
Partnerships in Australia,
It highlighted both
the benefits of PPPs
and the problems that
affect the system.
A series of RICS launch
events were held in
different countries culminating in a
major conference in New Delhi in August 2011. The findings
Our UK members recognised
RICS members played a vital role in delivering the London 2012
Olympic and Paralympic Games, from before the bid, through land
assembly, planning and construction to the crucial regeneration
legacy. In a film documentary and specially extended issue of
Modus, we showcased some of the hundreds of RICS members
behind the success of the Games. Baroness Ford, Chair of the
Olympic Park Legacy Company, hosted a reception for MPs,
peers and members at the House of Lords in recognition of RICS
members’ achievements.
– and our members’ lead role in it – received extensive media
new Industry Framework for pub companies will specify that all rent
review assessments must comply with RICS guidance and that rent
assessments for new Full Repairing and Insuring leases must be
signed off by an RICS qualified individual.
RICS was invited to join the Scottish Government’s Regeneration
Strategy Implementation Group which is led by Alex Neil, Cabinet
Secretary for Infrastructure and Capital Investment. The group will
be responsible for delivering the Government’s regeneration strategy.
Consumer group Which? recommended in its Which Money?
structural surveys.