Introduction to Stadsherstel.pdf

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.

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.

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).


De Duif Kerk, Amsterdam


De Van Houtenkerk, Weesp


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:


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.


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 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


Goals :

1. A better life condition in the city

2. Keeping the historical face of the city


Restorations are done largely with own capitals and partly with subsidies from the government.

Per year between 5 to 10 buildings are restored.


Logo of Stadsherstel Amsterdam

in front of

every restored buildings.


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


Pictures & Data Resources:


Urban Heritage Inc. Forum

IISG

Introduction to Stadsherstel.pdf

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