Dziomba, T; (2005) Mixed use development, investment and management: Perceived problems in the UK and an exploration of schemes in Germany. Doctoral thesis , UCL (University College London).

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Abstract

This thesis investigates and assesses problems mixed use develop ments face in terms of development, investment and management. Three case studies from Germany are then investigated in regard to these problems. The first part describes the important features o mixed use develop ments. After identifying the objectives for promoting these schemes in the UK, general forms of implementing a mix of uses in the built environment are explored. Also, issues of different scales of these environments are described. This leads to a brief assessment of den sity and physical configuration of mixed use schemes. The definition of mixed use developments in the context of this thesis concludes the first part. It states that these developments have to have three or more uses, should be coherently planned and realised and are sup posed to be developed with the objective to become a place and destination, benefiting their surroundings. The second part assesses problems mixed use developments are facing. During their development the specialisation of developers and determining the right mix of uses are challenging. Also, the accommodation of the different uses is an issue. Financing these schemes poses several challenges as well. They frequently require long financing periods, high equity, large capital sums, and face the demand for risk premiums by lenders. Another challenge is the tra ditional allocation of assets by institutional investors, which makes them reluctant to invest in these schemes. The complexities of mana ging these developments and reservations of end-users pose addi tional problems. The case studies then offer some insights in mixed use developments in Germany. They are Q205 in Berlin, FrankfurtHochVier and Bavaria in Hamburg. Besides their planning the developer set up and the issues of determining and accommodating uses are descri bed. Also, financing, investment and management issues are outli ned. Final conclusions then reflect the findings in regard to the pro blems previously identified.

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