HISTORICAL CENTRES REVITALIZA TION – AN ADDED VALUE TO THE REAL ESTATE MARKET

1. real estate development HISTORICAL CENTRES REVITALIZATION – AN ADDED VALUE TO THE REAL ESTATE MARKET real estate managenet INTERNATIONALINVESTMENT FORUM BUCHAREST 27-29 OCTOBER 2005 IHS Romania SRL

2. IHS Partners IHS Romania SRL

3. Objective urban management Presenting: • The costs of contemporary urban evolution • Chances in reorientation of the real estate market • Training opportunities in real estate management/development IHS Romania SRL

4. IHS Romania experience in the field urban management • management plan for Sibiu Historical Centre • marketing for Oradea central area • management of Alba Iulia historical heritage • Bucharest historic centre strategy For further information consult our website: www.ihs-romania.ro IHS Romania SRL

5. Urban evolution cycle • urbanization • suburbanization • dezurbanization • reurbanization (van der Berg, 1985) The case for Romanian cities: • cities with economic growth are in phase 2 • cities with economic decline are in phase 3 urban development IHS Romania SRL

6. Which are the costs? real estate development 1. For peri-urban area • the invasion of agricultural land • moving the core of urban suprastructure from the core of the urban infrastructure • pressure on the local budget • aggression of the natural environment • pressure on scarce natural resources IHS Romania SRL

7. Which are the costs ? 2. For the central area • degradation of the built heritage • illegal occupation of the buildings • car traffic congestion/ air pollution • decline of economic activities • lower income and higher unemployment • social exclusion/ appearance of violence • degradation of the image /avoidance/ deserting the historic center real estate managenet IHS Romania SRL

8. real estate development Rediscovery of the Centre 4 ways to intervene • Curing / socially: social regeneration programme, creating job opportunities, training, urban policies for big cities; • Curing / physically: restructuring, demolishing, renovate/rehabilitate. • Preventing / socially: involving the tenants; involving the private sector. • Preventing / physically: maintenance, delinquency prevention, urban revitalisation. real estate managenet IHS Romania SRL

9. Can these solutions be implemented in Romania? Opportunities: • declining inflation below 10% • increasing the average income • City halls can contract loans • EIBfinances urban rehabilitation programme • EBRDfinances the urban infrastructure • cohesion/structural funds • WB project on the mortgage insurance system real estate development IHS Romania SRL

10. Historical areas revitalization – what is their real significance? real estate development • do they refer to mending a window or a roof? • is this a design, planning or urban management problem? • is this an accumulating or redistribution issue? • does it have an esthetic or administrative character? • does it have a technical or procedural content? • etc. IHS Romania SRL

11. real estate development Our solutions to solving the problem:Training and/or Education! Real estate sector development training programme (Erasmus University, Rotterdam Development Corporation, Netherlands; Lincon Institute of Land Policy, SUA; Lund University, Sweden) • dedicated module in a master programme: exam and diploma Real estate sector management training programme • short programme: exam and certificate Training domains: • Public-public-private partnershipand urban development scenarios • Land policies: obiectivesand instruments (financial, fiscal, planning) • Real estate market risk sectors • Market analysis and marketing strategies • Evaluation and impact methods • Properties management real estate managenet IHS Romania SRL