IHS Romania SRL real estate managenet real estate development HISTORICAL CENTRES REVITALIZATION – AN ADDED VALUE TO THE REAL ESTATE MARKET INTERNATIONAL INVESTMENT FORUM BUCHAREST OCTOBER 2005

IHS Romania SRL IHS Partners

IHS Romania SRL urban management Objective 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 urban management IHS Romania experience in the field 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:

IHS Romania SRL urban development 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

IHS Romania SRL real estate development 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 Which are the costs? 1. For peri-urban area

IHS Romania SRL real estate managenet Which are the costs ? 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 2. For the central area

IHS Romania SRL real estate managenet real estate development Rediscovery of the Centre 4 ways to intervene 1.Curing / socially: social regeneration programme, creating job opportunities, training, urban policies for big cities; 2.Curing / physically: restructuring, demolishing, renovate/rehabilitate. 3.Preventing / socially: involving the tenants; involving the private sector. 4.Preventing / physically: maintenance, delinquency prevention, urban revitalisation.

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

IHS Romania SRL real estate development Historical areas revitalization – what is their real significance?  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 real estate managenet 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 partnership and urban development scenarios  Land policies: obiectives and instruments (financial, fiscal, planning)  Real estate market risk sectors  Market analysis and marketing strategies  Evaluation and impact methods  Properties management