Research project 2a (DC 3) works on ‘The impact of circular measures on the life span of buildings’. This research will study how exchangeability of functions within buildings contributes to increase buildings’ functional lifespan (i.e. reduce functional obsolescence), and how a prolonged lifespan could increase the value of the building. Here we will develop knowledge about adaptive reuse, circularity and building adaptability to expand the lifespan of real estate, and contribute to climate adaptation and mitigation.
This project innovatively uses the quantum perspective to answer (1) how to increase the adaptability and lifespan of existing real estate through adaptation and adaptive reuse strategies, (2) which strategies should be applied to achieve future ready real estate, and (3) how an extended building lifespan will contribute to the future value of real estate.
This project will follow a research by design methodology, developing and testing new solutions through co-creation, involving all partners of the other research. The objective of project 2a is to explore, develop and test the value of different uses of a building. Furthermore, this project aims to develop knowledge about the costs of measures of particularly circularity and building adaptability to finally develop an assessment framework for investing in lifespan extension underpinned with real options appraisal.
Host Institute: Delft University of Technology
Country: The Netherlands