Strategic questions about the optimization of your property portfolio, how to approach developing a project, or corporate housing? Stadim provides guidance to public bodies, companies, developers and private individuals.
We help both small and large investors with their choices when buying and selling their own property, regardless of whether it is for their own use or for the operational revenues. We often examine to what extent the costs of renovation works can be recovered. We transform the financial aspects of the choice into objective numbers and then weigh these against the other criteria.
We advise developers on the optimization of the project and deal with the phasing, target groups, refinement of the project, and the pricing and calculate the return on investment (ROI) and the return on equity (ROE). To do this we start from our profound knowledge of the regional and local markets. We always take account of insights regarding sustainability, technical aspects of construction, taxation, the law and the economy.
We provide support for government bodies and businesses when making strategic choices about relocation proposals. We take account of the location criteria and the investment costs and weigh these against any potential revenues.
We support authorities in the preparatory phase of PPP developments. Working together with designers and lawyers we help work out a feasible and desirable program of objectives for the PPP project.
Case: A large research institute on the edge of Brussels was examining its location. Various possibilities were up for consideration: renovation of the existing buildings, a new building on its own site or the purchase of a new property combined with a valuation of the existing site.
The Job: The institute requested Stadim to help it make its choice.
The Stadim Approach: We formulated the various options in objective terms. An examination was made to see what a relocation would look like? What location criteria were key? What specific sites could be considered bearing in mind the main criteria of the employees and the institute’s clientele?
Subsequently we examined what the sale revenues and investment costs would be in the various scenarios and how they compared to one another. Finally the various choices were compared and combined with an examination of the financial elements of the investment and sale together with the other location criteria from each of the scenarios.
Case: The campus of a group of schools in Ghent was in a very poor condition. The group was considering investing to improve its own infrastructure and to combine it with a commercial development on the same site.
The Job: To gain some idea of the order of magnitude of both the investment and the returns from commercialization as well as the financial impact of a PPP (public private partnership) the school group turned to Stadim.
The Stadim Approach: We articulated the various options in objective terms. Together with a design office we examined what choices were open to the school group for establishing a new school on the existing site while keeping the existing school open. We also investigated whether a combination with a residential function on the site was possible. We calculated the increase in value attributable to the development of a residential function and what the impact would be in the context of a design-and-build contract for the entire development. Apart from this we looked at the possibility of a PPP in the form of a DBFM (Design, Build, Finance, Maintain) contract, in which the school would not pay the balance of the investment all at once but as an annual fee for making the school available.
Case: A town of regional importance invested heavily in improving accessibility, mobility and environmental quality so that a projected residential development would fit in well with the surrounding residential districts. By way of compensation the town wanted to recover the cost of these investments from the developer.
The Job: The town authorities wanted to know how far it could go without pushing the limits of “reasonability” and “proportionality” and asked Stadim for advice.
The Stadim Approach: For this case we put ourselves in the shoes of the developer and investigated the contribution of the town’s investments to the value of the development as such. What impact would these have on the sale price and what development costs would then be avoided? For the rest we looked at what the impact would be of the urban development charge. Was it in proportion to the improvement in value or would it weigh on the basic price so much that the business case would be completely undermined?
Case: A municipality wanted to prepare a SIP for the development of an area in one of the village centres of the municipality.
The Job: The municipality asked Stadim to investigate what development scenarios would be financially feasible for both the public and private landowners. At the same time the strengthening of the village centre had to offer sufficient social benefit.
The Stadim Approach: For jobs like this Stadim works with a design consultancy, whereby a feasible and socially desirable solution for the development of the land is jointly worked out. Stadim calculated the basic values of the various project scenarios to ensure that the development would remain feasible and not be put off indefinitely. Additionally the negotiating position of the private owners with significant areas of land was examined, with a view to the creation of a land bank. As for the content of the project, investigations were made of projects with a more commercial slant and of those with a more civic slant to see the impact on the functional desirability and feasibility of the development. Finally Stadim made recommendations regarding the possible policy instrument that could be used to speed up further development.