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Sustainability Analysis of a Large-Scale Project in East London

   

Added on  2023-05-29

13 Pages3344 Words379 Views
Business Development
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Running Head: PROFESSIONAL AND CORPORATE STUDIES
Professional and Corporate Studies
Name of the Student
Name of the University
Sustainability Analysis of a Large-Scale Project in East London_1

1PROFESSIONAL AND CORPORATE STUDIES
Table of Contents
Introduction and Background of the Project....................................................................................2
Social Sustainability Benefits and Disadvantages of the Project....................................................2
Economic Sustainability Benefits and Disadvantages of the Project..............................................4
Environmental Sustainability Benefits and Disadvantages of the Project.......................................6
Summary and Conclusion................................................................................................................7
References......................................................................................................................................10
Sustainability Analysis of a Large-Scale Project in East London_2

2PROFESSIONAL AND CORPORATE STUDIES
Introduction and Background of the Project
Any major project has several sustainability factors that help to realize the actual benefits
of the same. The target of any project is to achieve the benefits to the maximum extent possible
by fulfilling the sustainability requirements (Carvalho and Rabechini 2017). On the downside, all
projects may not have all benefits and have some disadvantages that negatively impact the
sustainability factors that are the major determining factors of project success. Hence, it is
important to identify the benefits and disadvantages of a project in terms of its sustainability
requirements.
In this project, a 4.7 million square feet area of land in East of London will be converted
into a business district and for this purpose, £1.7 billion has been invested. Using this
investment, the entire district will grow up as residential buildings, commercial and office
buildings, roadways and others will be built and connected to the main city. This particular
project will develop the third business district of London and aims to redevelop the locality of
this particular area in addition to the construction of new buildings and facilities. In spite of
being business district, the area will also include residential and green zones where people from
other parts of the city can relocate too. Due to the construction of the new commercial buildings,
there will also be new job opportunities as business organizations should invest in setting up new
offices in this area thus helping the growth of economy in the area.
Social Sustainability Benefits and Disadvantages of the Project
The project aims to develop a new business and financial district in Royal Albert
Dockland, East London. In this project, in addition to office buildings and commercial retail
Sustainability Analysis of a Large-Scale Project in East London_3

3PROFESSIONAL AND CORPORATE STUDIES
properties, various residential zones will also be set up where residents will be able to live. This
will benefit the residents who will work in the offices in this particular district will have
convenience in terms of transport and travelling time. The social sustainability benefits for this
project are listed and described as follows.
New Residential Zone – Due to constant increase in population, London is getting
cramped up in terms of residential space. As a result, many residents are trying to move out to
some place in the outskirts of the city where there is less population crunch (Aarseth et al. 2017).
With the development of the new business and financial district, there will be sufficient space for
many residents who can shift from the populated areas in London to this new location.
Furthermore, with the upgradation of the transportation system, these residents will continue to
have proper access to their work places as well as the main parts of the city.
Quality of Life – As is the case with most of new developing zones, special emphasize is
provided to enhance the quality of lives of the new residents. In order to attract more residents to
move out of the main part of the city, some amenities must be provided that are not very much
common in the existing parts (Marcelino-Sádaba, González-Jaen and Pérez-Ezcurdia 2015). For
example, in order to attract people living in regular residential flats in a cramped part of the city,
most of the construction companies build houses with various features like swimming pool,
tennis court, community halls and others so that the people are attracted to shift there. Along
with the amenities, the quality of life of the residents also increases considerably until again the
population crunch occurs.
Work – Another major factor that increases social sustainability is work opportunity in a
particular region (Sánchez 2015). Residents will never move to a place that is far from their
Sustainability Analysis of a Large-Scale Project in East London_4

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