Collaborative Governance for Urban Regeneration: Mapping the contributions of Real Estate Professionals, Local Authorities, and Investors in Harare's CBD Renewal

Abstract

Sustainable inner-city regeneration is a complex process that requires the collaboration of various stakeholders, including real estate industry practitioners. This study aimed to determine the contribution of real estate professionals in the quest for sustainable inner-city regeneration in Harare's Central Business District (CBD). A mixed-methods approach was employed, involving a survey of 131 respondents and interviews with key stakeholders. The findings revealed that real estate professionals, including property managers, investors, brokers, and valuers, play a crucial role in driving and benefiting from regeneration efforts. Their expertise spans across planning and analysis, advocacy and policy reform, project management and risk mitigation, property valuation and financial modelling, community engagement and social inclusion, capacity building and training, and enabling public-private partnerships. The study found that the involvement of real estate experts enhances property values, triggers economic activity, and promotes the diversification of property development. The engagement of real estate professionals also brings widespread sectoral benefits, including improved housing value, increased investor confidence, stimulated demand for green building materials, enhanced urban aesthetics, increased diversification of property development types, and improved public health and environmental outcomes. The study concludes that harnessing the potential of real estate practitioners and other stakeholders is essential for moving Harare toward a resilient, inclusive, and sustainable urban future.

Keywords: Collaborative Governance, Urban Regeneration, Real Estate Professionals, Harare CBD

DOI: 10.54941/ahfe1007951