Strategiska partnerskap mellan banker och byggföretag. – En studie av Stockholms aktörer.

Sammanfattning: This study is an initial attempt to investigate the relationship between banks and developers in Stockholm and its regions. It gives a good impression about the field of construction and project developments in terms of the finance and the negotiations associated with these types of projects. Main actors of the Stockholm’s construction financing market were of major interest for this study. On this regard, the relationships and ramifications of this group were investigated by using a qualitative and quantitative research method. The aim of the study was to analyze the attitudes of banks and developers, their partnerships and individual expectations. This empirical study was conducted between January and April 2015. In order to give a brief overview of the construction market in Stockholm, the study starts with an explanation of different characteristics and unique features of the real estate and construction field. Based on this, the study continues with a detailed presentation of the financing process with its loan terms, negotiations and regulations. In a subsequent chapter, the risk part within construction will be emphasized and explained. The theory part of the study closes with an exposition of the transaction cost theory and strategy as well as with a portrayal of the decision-making process of banks and developers in a construction project, the different types of partnerships and the according advantages and disadvantages. While keeping the above listed aspects in mind, all study participants were asked for their opinion on partnerships between banks and developers. In general, the study results prove the existence of a significant interest in partnerships between banks and developers. For both parties, a close relationship provides many benefits like a lower time-consumption or smoother loan negotiations. However, the following analysis also shows that due to reserved attitudes and a low interest of banks to change their investment strategies in construction and development projects, it seems very difficult to meet the full expectations of both parties on a level where both sides would agree on entering a strategic partnership.