Valuation of multifunctional land use by commercial investors: a case study on the amsterdam zuidas mega-project
AbstractThe Amsterdam Zuidas area is planned to become a large multifunctional development area with a mix of offices, dwellings and facilities. As part of a broader empirical investigation, the valuation of multifunctional land use of this mega-project by a specific class of stakeholders, viz. commercial investors, is examined in this paper. We are in particular interested in the expected impact of locational characteristics on urban land rent in the area. The study is based on an extensive interview questionnaire, in which also future development scenarios and spatial externalities are investigated. The study reveals that the expectations of investors are driven by a complex set of factors. Particularly important are accessibility and image. The relative importance of multifunctionality is found to be modest.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics in its series Serie Research Memoranda with number 0024.
Date of creation: 2009
Date of revision:
Contact details of provider:
Web page: http://www.feweb.vu.nl
Multi-functional land use; location factors; land use; agglomeration;
Other versions of this item:
- Caroline A. Rodenburg & Peter Nijkamp & Henri L.F. De Groot & Erik T. Verhoef, 2008. "Valuation Of Multi-Functional Land Use By Commercial Investors: A Case Study On The Amsterdam Zuidas Mega-Project," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 99(4), pages 454-469, 09.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John F. Kain, 1989. "The Economics of Architecture and Urban Design: Some Preliminary Findings," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(2), pages 261-266.
- Smith, Barton A., 1978. "Measuring the value of urban amenities," Journal of Urban Economics, Elsevier, vol. 5(3), pages 370-387, July.
- Thaler, Richard, 1978. "A note on the value of crime control: Evidence from the property market," Journal of Urban Economics, Elsevier, vol. 5(1), pages 137-145, January.
- Thomas de Graaff & Henri L F de Groot & Caroline A Rodenburg & Erik T Verhoef, 2007. "The WTP for facilities at the Amsterdam Zuidas," Environment and Planning A, Pion Ltd, London, vol. 39(9), pages 2099-2118, September.
- Rothengatter, W., 2000. "Evaluation of infrastructure investments in Germany," Transport Policy, Elsevier, vol. 7(1), pages 17-25, January.
- Hough, Douglas E. & Kratz, Charles G., 1983. "Can "good" architecture meet the market test?," Journal of Urban Economics, Elsevier, vol. 14(1), pages 40-54, July.
- Kerry D. Vandell & Jonathan S. Lane, 1989. "The Economics of Architecture and Urban Design: Some Preliminary Findings," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(2), pages 235-260.
- Thomas de Graaff & Henri L.F. de Groot & Caroline A. Rodenburg & Erik T. Verhoef, 2005. "The WTP for Facilities at the Amsterdam Zuidas," Tinbergen Institute Discussion Papers 05-090/3, Tinbergen Institute.
- Caroline A. Rodenburg & Peter Nijkamp & Henri L. F. De Groot & Erik T. Verhoef, 2009. "Willingness to Pay for Multifunctional Megaprojects: A Stated Preference Analysis Among Firms in the Amsterdam Zuidas Area," European Planning Studies, Taylor and Francis Journals, vol. 18(5), pages 709-735, February.
- Gromicho, J.A.S. & Hoorn, J.J. van & Timmer, G.T. & Saldanha-da-Gama, F., 2009. "Exponentially better than brute force: solving the jobshop scheduling problem optimally by dynamic programming," Serie Research Memoranda 0056, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (R. Dam).
If references are entirely missing, you can add them using this form.