TY - JOUR
T1 - From hard bed to luxury home: impacts of reusing HM Prison Pentridge on property values
AU - Shehata, Waled
AU - Abu Arqoub, Muath
AU - Langston, Craig Ashley
AU - Elkheshien, Rasha
AU - Sarvimaki, Marja
N1 - Waled Shehata
Ph.D. student at the Bond University's Abedian School of Architecture in Gold Coast, Australia. He holds M.Sc. degree in Architectural Engineering and Environmental Design in the Arab Academy for Science, Technology and Maritime Transport in Cairo, Egypt (RIBA awarding institute), and had lectured the Architectural Heritage Preservation and Conservation course in the same academy. He holds a Post Graduate Diploma in Urban Planning and Management, from ITC, Twente University, The Netherlands. Waled's academic and professional works look specifically at human engagement with the built environment, cultural heritage, architectural education, and the stimuli of heritage adaptive reuse design in these matters.
Muath Abu Arqoub
Abu Arqoub is a teaching fellow and PhD candidate at Bond University, from where he also holds a Master of Project Management. He also holds a Graduate Certificate in Public Administration from the Australian National University, and a Bachelor of Science. He started his career in the humanitarian projects in 2007. Starting as a project coordinator, over the next three years, Muath’s dedication saw his progress through the roles of assistant project manager and, over the next four years, a well-regarded Project Manager. He has been offered PhD enrolment opportunity at Bond for his proposed study of measuring project success.
Craig Langston
Professor, leading the Construction Management department. He has more than 30 years’ experience as a practitioner and academic. Most recently, he has developed Bond’s new Master of Project Innovation degree. Langston also is Director of the Centre for Comparative Construction Research and undertakes research across a range of topics relevant to Project Management, for which his team has won several industry awards. He is the author of 5 international books, over 100 peer-reviewed journal and conference papers, and has lead four Australian Research Council Linkage Project grants amounting to nearly $1 million AD in external competitive funding over his career.
Rasha Elkheshien
Rasha holds an MSc in Geoinformation science and Earth Observation from the University of Twente, The Netherlands 2011. Rasha is a GIS Analyst who worked with governmental and private sector in Middle east, Europe and Australia to apply geographic analysis and technologies for improved information management and decision support. After spending nearly, a decade working in GIS Analysis, Rasha is capable of working with both commercial and open source GIS software’s. Rasha has experience in maintaining and utilizing Geo-Database. In addition to her extensive experience with GIS tools: QGIS, ArcGIS. Rasha is trained on FME for ETL.
Marja Sarvimäki
Associate Professor at the Bond University's Abedian School of Architecture in Gold Coast, Australia, and responsible for the School's Architectural History and Theory curriculum. Previously she taught Architectural History-Theory and design studios at the University of Hawaii School of Architecture. She is born in Helsinki, Finland, and earned her MArch and PhD at the Helsinki University of Technology (current department of Aalto University). She also has pursued studies on Japanese architecture at the Tokyo National University of Arts in Tokyo and conducted her post-doctoral research on Korean architecture at the Korea University in Seoul. Her work includes numerous publications on East Asian cultures as well as architectural research methodology.
PY - 2020/7/24
Y1 - 2020/7/24
N2 - This paper uses statistical analyses to understand the effect of proximity of old prisons on property prices. The study employed semilog hedonic regression models: a quantitative research method applied to assess the impact of proximity to heritage gaols on property prices for a case study of HM Prison Pentridge in the time range between 2015 and 2019. Results demonstrated that the former Pentridge has a variable effect on properties lying in and around its current heritage borders. Pentridge shows a diminution effect on prices of residential properties on its land currently being developed to a mixed-use precinct, as well as its intimate surrounding residences. Inversely, Pentridge shows a positive price effect on properties lying at distances between 400 m and the maximum study range of 1400 m in the case of ‘houses’ and between 600 m and the range of 1000 m in the case of ‘units.’ Findings of this research suggest that prices of properties with direct visual access to Pentridge’s structures are negatively affected. Results also suggest that Pentridge’s current redevelopment project may have contributed positively to property prices lying outside the direct visibility zone. To be able to further validate these interpretations, similar research may consider other variables influencing property valuation, such as direct visibility of the gaol as well as interviews that assess the ‘attractability’ of Pentridge’s redevelopment. Future studies may examine the rate of change in property price along time for each distance band from the gaol borders. Future research may also consider duplicating the methodology to assess the comfortability towards gaols converted to museums, as well as gaols that are still in operation. The originality of this research emerges from the distinct lack of quantitative evidence in the current literature. Most research has investigated uncomfortable heritage focusing on qualitative assessments of memory, stigma, commemoration, and shame, with limited scholarly attention paid towards property depreciation effects as a result of Australia’s prison history, nor increasing effects due to gaols’ reuse and redevelopment. Decision-makers and stakeholders of equivalent dark heritage reuse projects will find this research useful in understanding potential impacts on surrounding property prices. Property valuers and real estate companies operating in Coburg—a suburb of Melbourne, Australia—may use the related tables and figures in guiding their business for the coming years.
AB - This paper uses statistical analyses to understand the effect of proximity of old prisons on property prices. The study employed semilog hedonic regression models: a quantitative research method applied to assess the impact of proximity to heritage gaols on property prices for a case study of HM Prison Pentridge in the time range between 2015 and 2019. Results demonstrated that the former Pentridge has a variable effect on properties lying in and around its current heritage borders. Pentridge shows a diminution effect on prices of residential properties on its land currently being developed to a mixed-use precinct, as well as its intimate surrounding residences. Inversely, Pentridge shows a positive price effect on properties lying at distances between 400 m and the maximum study range of 1400 m in the case of ‘houses’ and between 600 m and the range of 1000 m in the case of ‘units.’ Findings of this research suggest that prices of properties with direct visual access to Pentridge’s structures are negatively affected. Results also suggest that Pentridge’s current redevelopment project may have contributed positively to property prices lying outside the direct visibility zone. To be able to further validate these interpretations, similar research may consider other variables influencing property valuation, such as direct visibility of the gaol as well as interviews that assess the ‘attractability’ of Pentridge’s redevelopment. Future studies may examine the rate of change in property price along time for each distance band from the gaol borders. Future research may also consider duplicating the methodology to assess the comfortability towards gaols converted to museums, as well as gaols that are still in operation. The originality of this research emerges from the distinct lack of quantitative evidence in the current literature. Most research has investigated uncomfortable heritage focusing on qualitative assessments of memory, stigma, commemoration, and shame, with limited scholarly attention paid towards property depreciation effects as a result of Australia’s prison history, nor increasing effects due to gaols’ reuse and redevelopment. Decision-makers and stakeholders of equivalent dark heritage reuse projects will find this research useful in understanding potential impacts on surrounding property prices. Property valuers and real estate companies operating in Coburg—a suburb of Melbourne, Australia—may use the related tables and figures in guiding their business for the coming years.
UR - http://www.scopus.com/inward/record.url?scp=85088572353&partnerID=8YFLogxK
U2 - 10.1007/s10901-020-09766-0
DO - 10.1007/s10901-020-09766-0
M3 - Article
JO - Netherlands Journal of Housing and the Built Environment
JF - Netherlands Journal of Housing and the Built Environment
SN - 1383-2336
ER -