Art factories
Art factories (cultural breeding places) are locations where various forms of creativity, crafts and meetings converge. These buildings house a range of artistic studios, craft workplaces, artist in residencies and – in some cases – hip clubs, bars and restaurants. Basically, they are a melting pot of artists in many disciplines, craftsmen and women, and cultural businesses. They give rise to well-known artists as well as medium to large creative businesses. Many of the companies remain small, but together with a range of multitalented counterparts, they can attract and complete large assignments through their multidisciplinary networks.
These art factories benefit from affordable space enabling them to flourish. Real estate developers, who stand to benefit from the added value of creativity in their projects, can set aside floor area (500 - 5000 m2) for such breeding places in their plans. They can be established anywhere in the AMA.
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Why invest in Art factories locations?
Space for creative talent
An art factory combines artistic and creative activities, offering business space with cost-effective or market-based leases for crafts or creative companies and public catering establishments. The manager of the art factory is referred to as the art factory developer / manager. This party enters into a lease with the owner and subleases all the units to the aforementioned mix of lessees. Combining the low rental income from the artistic studios and the market-based rental income should lead to profitable exploitation for the cultural breeding place manager.Art factory exploitation
The new owner of the plot must take account of the fact that the annual rent he will receive from the art factory manager for the entire cultural breeding place (including both the areas for artistic and commercial operations) will generally not be more than 50 per m2 VVP a year.-
-Prime art factories assets
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