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Valuation of multifunctional land use by commercial investors: a case study on the amsterdam zuidas mega-project

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  • Rodenburg, C.A.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Nijkamp, P.
  • Groot, H.L.F. de
  • Verhoef, E.T.

Abstract

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.

Suggested Citation

  • Rodenburg, C.A. & Nijkamp, P. & Groot, H.L.F. de & Verhoef, E.T., 2009. "Valuation of multifunctional land use by commercial investors: a case study on the amsterdam zuidas mega-project," Serie Research Memoranda 0024, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    • Handle: RePEc:vua:wpaper:2009-24
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    References listed on IDEAS

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    1. 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, , vol. 39(9), pages 2099-2118, September.
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    Cited by:

    1. Lazrak, F. & Nijkamp, P. & Rietveld, P. & Rouwendal, J., 2011. "The market of listed heritage: An urban economic application of spatial hedonic pricing," Serie Research Memoranda 0027, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    2. Qingyun Du & Chao Wu & Xinyue Ye & Fu Ren & Yongjun Lin, 2018. "Evaluating the Effects of Landscape on Housing Prices in Urban China," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 109(4), pages 525-541, September.
    3. Saskia Van Broekhoven & Anne Lorène Vernay, 2018. "Integrating Functions for a Sustainable Urban System: A Review of Multifunctional Land Use and Circular Urban Metabolism," Sustainability, MDPI, vol. 10(6), pages 1-24, June.

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