Senior Housing andHealthcare AssociationThe Senior Housing & Healthcare Association is a new initiative to help drive forward the SeniorHousing and Healthcare Real Estate sector within Europe. The association aims to bring togetherleaders within the industry, from both the operator and investor side, share insights with the widermarket, help create research, data, benchmarks and encourage best practice, create greaterinvestment coverage and boost investor confidence and engagement in the sector.SHHA.internationalservice@shha.internationalSHHA
Insight & Strategy – Innovation DistrictsThe five fundamentals forsuccessful placemakingThe challenge for investors and developers is to createwell-designed, community-based and sustainable places‘People mustcome first, it isthe most criticalarea. Placemakingmust be done withcommunities.’Graham Hill, ArcadisSuccessful placemaking needs a multilayeredapproach, says Graham Hill,partner, city executive, at Arcadis.‘Places have a huge impact on quality of life andwe need a new way of thinking. By 2050 therewill be an extra 2.5 billion people living in urbanareas, two-thirds of the world’s population. Weneed to get placemaking right,’ he says.The drivers are national, regional and localambitions; spatial, transport and economicplans; carbon and environmental goals andprivate sector innovation.The Covid-19 crisis has made many of thesedrivers more pressing than ever, he adds,including the need for more flexible, modulardevelopment, the need for development to formpart of a green recovery and a renewed focuson health and wellbeing, including access topublic amenity space.Extensive research, published in the Arcadisreport Liveable Places, has identified five‘Fundamentals of place’ (see below) whichneed to be considered to enable effectiveplacemaking.The first pillar is Community. ‘People mustcome first, it is the most critical area,’ Hill says.‘Placemaking must be done with communities,with their consent through outreachprogrammes and constant engagement.’The second aspect is Funding & Delivery. ‘Asfinancing is more scarce than ever, developmentneeds to be supported by an evidence-basedlong-term plan and capacity to deliver,’ he says,which involves building expertise and capacityand bringing in the private sector more.The third element is Design & Public Realm.‘We’ve all seen badly designed, poorlyconnected districts. Places should respondto people’s needs,’ says Hill. This meansestablishing strong transport links and goodconnections, as well as making sure there arepublic spaces and green areas.Fourth is Collaboration. Placemaking cannot bedone in a vacuum, but it is a collaborative effortthat involves a variety of organisations in boththe public and private sectors, so it is importantto create mechanisms that allow cooperationunderpinned by effective governance.The fifth pillar is Sustainability. ‘Such is theimperative of the climate emergency thatsustainability is not optional but fundamentalnow,’ says Hill. ‘This is reshaping the nature ofplacemaking and its delivery’.The five fundamentals of placeThe benefits of effective placemakingAmbitionCollaborationDataFunding &DeliveryConnectivityCommunityPlaceEvidence BaseDesign& PublicRealmSustainabilityStoryStewardship● Places can be delivered more quicklyand reliably, at lower cost, with higherreturn and greater satisfaction. At atime when these requirements arevital.● By improving connectivity and socialequality, the public sector will benefitas demand for many services will fall.● A positive boost to employment andoverall GVA.● More predictable demand for energyand infrastructure providers.● Investors and funders will see reducedrisk and a higher quality of return.● Improved use of data and analyticseffectively to improve the quality ofoutcomes.● Safer, more resilient communities,with more personal opportunityin employment and improved lifechances, better connectivity, andbetter social infrastructure (includinghealth, education and amenities).Source: ArcadisIssue 2 July 2020 | Real Asset Insight 45
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