Abstract
All over the world and in the UK, the Architecture Engineering Construction Operational (AECO) industry has been significantly impacted by Covid 19 pandemic in recent times. In the UK, construction activities in key projects were put on hold from June 2020 due to the exponential rise in cases as it was deemed to be too dangerous to work. This in turn has had a detrimental effect on financial stakeholders and landlords of commercial properties who suffered a decline in the returns on their investments. This paper, therefore, seeks to analyse the direct and indirect impact of Covid-19 on the construction industry in the UK and to explore and develop an insight into how the Stakeholders in the industry are currently dealing with issues surrounding the commercial property investment and key financial outcomes. Subsequently, this paper will predict the expected reactions of the stakeholders in the construction industry in adapting to the ‘new normal’ going forward and the ability to maximise the return on their investments.
| Original language | English |
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| Publication status | Published - 23 Nov 2021 |
| Event | IDoBE International Conference, London South Bank University, London - Duration: 23 Nov 2021 → … |
Conference
| Conference | IDoBE International Conference, London South Bank University, London |
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| Period | 23/11/21 → … |
Keywords
- Covid-19, ROI, Construction and Housing, Commercial Properties, New Normal, Financial Stakeholders