Transcript
STADSHERSTEL AMSTERDAM N.V.
May 6, 2013
STADSHERSTEL = City Restoration
40 stadsherstel organizations exist in the Netherlands
Amsterdam
Amsterdam
In August 2010, Amsterdam's 17th-century Canal Ring was added to the UNESCO World Heritage List.
1964
in the 1950s and 1960s however, the citys building stock deteriorated rapidly. Part of the damage was caused by neglect and lack of maintenance during the depression years in the 1930s.
1964
1972
1979
radical plans for city renewal and modernization of city centers.
the inner city was more suitable as a business centre, shopping area and for cultural purposes like opera, concerts, museums and the theatre. This meant
that it was necessary to make the centre accessible to automobiles, which involved filling up canals and converting them into
roads.
1972
1975
In the areas where large scale demolishing had already taken place, the new buildings were put up according to the old street patterns.
STADSHERSTEL IS FOUNDED IN 1956 AS A REACTION TO: The decline of maintenance in the historic city centre after WWII: desperate in need of restoration Local authorities of the city of Amsterdam and urban planners, that wished to transform the centre into a modern city by; 1 break-throughs 2 subway 3 moving most housing projects to the suburbs
In Amsterdam - and indeed in the whole of The Netherlands - the idea of how to develop historic cities changed during the 1960s and 1970s. This change was brought about by concerned citizens, who fought for their living environment and cultural heritage.
Stadsherstel Amsterdam
Several bankers & insurance companies in 1956 invested money to buy rundown buildings in the city center, restored and rent them.
Members of an association called the Amsterdamse Kring (Amsterdam Circle), a club of leading persons from the most important sectors of Amsterdam society.
In 1968 the city of Amsterdam embraced the ideas and goals of Stadsherstel and became a shareholder; today, the city owns a 13% share.
The founders wanted to save the city landscape of Amsterdam and the residential function of the city to be restored.
not only to restore historic Amsterdam, but also to contribute to solving the citys severe housing shortage. In 1957, Stadsherstel was granted the legal status of a public housing corporation by the Ministry of Housing and Planning. Stadsherstel is both a limited liability company and a public housing corporation.
To prevent the disappearance of large monuments like churches and industrial buildings the Amsterdam Monument Fund (NV Amsterdams Monumenten Fonds, AMF) was founded in 1992. It was, like Stadsherstel, a limited liability company.
At the beginning of 1999 negotiations concerning a merger between Stadsherstel and the AMF were begun.
Since 1999 started to take over churches and industrial monuments (factories, warehouses, etc).
Stadsherstel Amsterdam
De Duif Kerk, Amsterdam
Stadsherstel Amsterdam
De Van Houtenkerk, Weesp
Stadsherstel Amsterdam
Werf t Kromhout, Amsterdam
Amstel Church, Amsterdam
Pakhuis de Zwijger, Amsterdam
MISSION To acquire and restore historical buildings which are
characteristic for Amsterdams centre (at first mainly residential)
Step by step; realistic goals Maintaining buildings in a good constructional condition,
which they obtained by restoration. Rented out, not sold Transforming religious and industrial heritage, since the 90th Creating involvement: a private initiative by committed
individuals and businesses To facilitate young creative professionals with affordable inner-
city workspaces
STRUCTURE Limited liability company (N.V.)
Shareholders (annual dividend 5%)
Shares keep their nominal value
Supervisory board which represents the shareholders Excess value (after dividend) is not allowed to be distributed
to shareholders but is used for long-term investments
METHODS OF FINANCE (INITIALLY) Private capital (donations - shareholders) 60 to 70%
Loans (30 to 40%)
Solvability is 60 to 70% Governmental involvement: subsidies (social housing and
restoration) Tax benefits (National Restoration Fund*)
Stadsherstel owned: 500 buildings 15 churches 1000 residences 220 offices and shop spaces (from which 35 cafs and
restaurants)
It is 7% of 6000 monuments in Amsterdam
the cooperation between a. citizens, b. the business world and c. the government, both local and national.
to save the city landscape of Amsterdam and the residential function of the city to be restored.
for altruistic reasons
TERIMA KASIH
Pictures & Data Resources:
Stadsherstel Amsterdam
Amsterdam
Amsterdam
Amsterdam
Stadsherstel Amsterdam
Several bankers & insurance companies in 1956
invested money to buy rundown buildings in the city center, restored and rent them.
Mostly are houses and shops A lot of them are on the corner because if a building
in a corner is restored, it gives a big impact on the whole street.
Stadsherstel Amsterdam
Stadsherstel Amsterdam
Since 1968 the Amsterdam Municipality also becomes one of the shareholders.
Only 5% from profit is given back to the shareholders, the rest of the profit is used to buy and restore more buildings.
Stadsherstel Amsterdam
Stadsherstel major shareholdings Total value of shares 62 million (2010) ING Bank N.V. 18 % Delta Lloyd Levensverzekering N.V. 14 % Gemeente Amsterdam 13 % ABN AMRO Bank N.V. 9 % Amvest Participaties I B.V. 8 % De Nederlandsche Bank N.V. 5 % Rabobank Amsterdam U.A. 5 % ASR Levensverzekering N.V. 5 % Achmea Vastgoed N.V. 5 %
Stadsherstel Key Financials In euro million 30 August 1956
31 December 1957
2010
Shareholders Funds 0,5 151,8
Balance sheet total 0,533 232,5
Net Result after tax 0,0012 7,7
Book value properties
0,084 228,7
WOZ value properties
. 384
Dividend 0,018 3,1
Stadsherstel Amsterdam
Goals :
1. A better life condition in the city
2. Keeping the historical face of the city
Stadsherstel Amsterdam
Restorations are done largely with own capitals and partly with subsidies from the government.
Per year between 5 to 10 buildings are restored.
Stadsherstel Amsterdam
Stadsherstel Amsterdam
Stadsherstel Amsterdam
Stadsherstel Amsterdam
Stadsherstel Amsterdam
Stadsherstel Amsterdam
Stadsherstel Amsterdam
Stadsherstel Amsterdam
Logo of Stadsherstel Amsterdam
in front of
every restored buildings.
Stadsherstel Amsterdam
Until December 2010 Stadsherstel owned:
500 buildings including 14 churches and 16 larger monuments
Within it 950 dwellings and 300 commercial units
It is 7% of 6000 monuments in Amsterdam
Stadsherstel Amsterdam
Pictures & Data Resources:
Stadsherstel Amsterdam
Urban Heritage Inc. Forum
IISG
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