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The financial and non-financial factors that influence JSE-listed South African retailers' decision to lease or own their corporate real estate, specifically warehouses and distribution centres
South African retailers are reliant on Corporate Real Estate not only to grow their footprint, and by implication revenue, but also to enable them to distribute their products to their network of stores. Previous studies have demonstrated that retailers prefer leasing their stores, but no research e...
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| Format: | Thesis |
| Language: | English |
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Department of Construction Economics and Management
2023
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| _version_ | 1867613146420609024 |
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| access_status_str | Open Access |
| author | Barnard, Shaun Smuts |
| author2 | Ametefe, Frank |
| author_browse | Ametefe, Frank Barnard, Shaun Smuts |
| author_facet | Ametefe, Frank Barnard, Shaun Smuts |
| author_sort | Barnard, Shaun Smuts |
| collection | Thesis |
| description | South African retailers are reliant on Corporate Real Estate not only to grow their footprint, and by implication revenue, but also to enable them to distribute their products to their network of stores. Previous studies have demonstrated that retailers prefer leasing their stores, but no research exists which investigated whether the same principles apply to distribution centres or warehouses which they occupy, specifically in South Africa. This research, provide empirical insight into listed South African retailers' strategy with regards to distribution centres and/or warehouse acquisition methods as well as the financial and non-financial factors which influence their decision and how important these factors are. This study is limited to South African retailers listed on the Johannesburg Stock Exchange. We did not find any noticeable trend exists which provides a framework for South African listed retailers when confronted with the lease-versus-buy decision regarding the acquisition of their Corporate Real Estate assets, specifically distribution centres and/or warehouses. We find that non-financial factors appear to be more important than financial factors when retailers are faced with a lease-versus-buy decision. It is suggested that further research is required to quantify the degree of importance of nonfinancial factors in the lease-versus-buy decision of retailers. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/36981 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:31:30.019Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Department of Construction Economics and Management |
| publisherStr | Department of Construction Economics and Management |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/36981 The financial and non-financial factors that influence JSE-listed South African retailers' decision to lease or own their corporate real estate, specifically warehouses and distribution centres Barnard, Shaun Smuts Ametefe, Frank Property Studies South African retailers are reliant on Corporate Real Estate not only to grow their footprint, and by implication revenue, but also to enable them to distribute their products to their network of stores. Previous studies have demonstrated that retailers prefer leasing their stores, but no research exists which investigated whether the same principles apply to distribution centres or warehouses which they occupy, specifically in South Africa. This research, provide empirical insight into listed South African retailers' strategy with regards to distribution centres and/or warehouse acquisition methods as well as the financial and non-financial factors which influence their decision and how important these factors are. This study is limited to South African retailers listed on the Johannesburg Stock Exchange. We did not find any noticeable trend exists which provides a framework for South African listed retailers when confronted with the lease-versus-buy decision regarding the acquisition of their Corporate Real Estate assets, specifically distribution centres and/or warehouses. We find that non-financial factors appear to be more important than financial factors when retailers are faced with a lease-versus-buy decision. It is suggested that further research is required to quantify the degree of importance of nonfinancial factors in the lease-versus-buy decision of retailers. 2023-02-22T12:25:51Z 2023-02-22T12:25:51Z 2022 2023-02-20T12:15:25Z Master Thesis Masters MSc http://hdl.handle.net/11427/36981 eng application/pdf Department of Construction Economics and Management Faculty of Engineering and the Built Environment |
| spellingShingle | Property Studies Barnard, Shaun Smuts The financial and non-financial factors that influence JSE-listed South African retailers' decision to lease or own their corporate real estate, specifically warehouses and distribution centres |
| thesis_degree_str | Master's |
| title | The financial and non-financial factors that influence JSE-listed South African retailers' decision to lease or own their corporate real estate, specifically warehouses and distribution centres |
| title_full | The financial and non-financial factors that influence JSE-listed South African retailers' decision to lease or own their corporate real estate, specifically warehouses and distribution centres |
| title_fullStr | The financial and non-financial factors that influence JSE-listed South African retailers' decision to lease or own their corporate real estate, specifically warehouses and distribution centres |
| title_full_unstemmed | The financial and non-financial factors that influence JSE-listed South African retailers' decision to lease or own their corporate real estate, specifically warehouses and distribution centres |
| title_short | The financial and non-financial factors that influence JSE-listed South African retailers' decision to lease or own their corporate real estate, specifically warehouses and distribution centres |
| title_sort | financial and non financial factors that influence jse listed south african retailers decision to lease or own their corporate real estate specifically warehouses and distribution centres |
| topic | Property Studies |
| url | http://hdl.handle.net/11427/36981 |
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