“Mixed-Use Makes Money in Office Parks”

An article written by Jeroen Jansen and Eri Mitsostergiou, both working for Savills. They explain that in 2010 their research team examined all four major office areas in the Netherlands. The results showed that the combined vacancy in mixed-use areas is considerably lower than in single-use office locations. They further analysed the submarkets and buildings in Amsterdam with the highest vacancy and identified four factors that relate most to vacancy rate. While distance to a major train station, distance to the city centre, and the perceived safety of the office areas were important, mixed-use turned out to be the number one deciding factor. Creating a lively public space by adding retail, restaurants, bars and other functions to the plinths of office buildings does seem to pay off.

“While combining different uses within an area does not pose challenges, per se, for developers and investors, bringing different functions together within one building does add elements of complexity and risk. Developers and investors perceive that mixing uses makes their job more difficult and leads to a decline in their investment.”

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A sunny summer lunchtime in Granary Square, King's Cross

Granary Square with the University of Arts in the historic building London UK © Kings Cross Central General Partner Limited via kingscross.co.uk
Cover picture: Arial picture of the development site London UK © Kings Cross Central General Partner Limited via kingscross.co.uk

“A Developer’s Intuition”

A conversation with Frank van Beek, co-owner of Lingotto, about plinths. The vision of Lingotto is to realise good city districts. Van Beek explains that the company does not have a specific strategy to apply every time: each project is customized. Plinths can be an instrument to realise good and pleasant streets wherever necessary. Plinths are only possible at sites where they have potential and where it is appropriate: in city centres, along main routes or at street corners.ot on a back street as is sometimes required by municipal instructions.

“The important question in developing plinths is: which location has potential? There is not a way to calculate this; you need fingerspitzengefühl, or instinct. You have to look at walking routes, busy streets but not too busy; it must be a pleasant atmosphere to walk along.”

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p189b 41-4_CoffeeC1_HQ Amsterdam Frank van Beek

Coffee Company ( Meester Treublaan, Amsterdam) by Frank van Beek
Cover picture: Restaurant Dauphine (Prins Bernhard-plein, Amsterdam) by Frank Beek