Valuation of multifunctional land use by commercial investors: a case study on the amsterdam zuidas mega-project
Henri de Groot () and
Erik Verhoef ()
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C.A. Rodenburg: Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics
No 24, Serie Research Memoranda from VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics
The 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.
Keywords: Multi-functional land use; location factors; land use; agglomeration (search for similar items in EconPapers)
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Journal Article: VALUATION OF MULTI‐FUNCTIONAL LAND USE BY COMMERCIAL INVESTORS: A CASE STUDY ON THE AMSTERDAM ZUIDAS MEGA‐PROJECT (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:vua:wpaper:2009-24
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