A defining moment for infrastructure – The Property Chronicle
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A defining moment for infrastructure

The Professor

More people. More cities. More buildings. More infrastructure.

Infrastructure is turning out to be an asset class that, while appearing mostly immeuble, is fundamentally different from real estate requiring, among many things, strong and more diverse technical skills to develop and manage. A recent article about the EDHECinfra Days Conference says this asset class may have reached a defining moment.

The word itself originated in 19th century France, as that part of a roadway beneath its surface material. Infratranslates as below, beneath, and within. It used to be called public works. A broad definition of infrastructure is general public facilities that are essential prerequisites for economic life. The editors of the Economics of Infrastructure Provisioninglist several subcategories of infrastructure: tangible infrastructure such as roads and water, energy, and information distribution systems; intangible infrastructure like social services; institutions such as legal systems; culture and traditions. Some forms of infrastructure are considered merit goods – museums, public clinics and schools, for example – because the public at large may not understand their larger value.

The Professor

About Gordon Brown

M. Gordon Brown, DTech is Principal of Space Analytics, LLC which he founded 30 years ago. He taught, and was a professor of, architecture at IIT, Arizona State University and the University of Colorado. He was later Head of the Real Estate Management and Development Group at Eindhoven University of Technology. He's the author of many scientific, professional and critical articles and essays and of Access, Property and American Urban Space published by Routledge in 2016.

Articles by Gordon Brown

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