{"id":6440,"date":"2024-10-16T01:17:00","date_gmt":"2024-10-15T23:17:00","guid":{"rendered":"https:\/\/propertymap.hu\/set-aside-meaning-and-significance-for-development-sites\/"},"modified":"2024-11-27T10:58:13","modified_gmt":"2024-11-27T08:58:13","slug":"set-aside-meaning-and-significance-for-development-sites","status":"publish","type":"post","link":"https:\/\/propertymap.hu\/en\/set-aside-meaning-and-significance-for-development-sites\/","title":{"rendered":"Set-aside – meaning and significance for development sites"},"content":{"rendered":"\n

When looking for a suitable development site for manufacturing or logistics investments, one of the most important criteria is that the chosen site is already derelict. But what exactly does this concept mean and why is it so important for developers and investors? In this guide, we detail the importance of brownfield sites and look at why they are the preferred choice for industrial development. <\/p>\n\n

What does “set-aside” mean?<\/h4>\n\n

The term ‘set-aside’ refers to land that was originally used for agricultural purposes but is no longer under agricultural cultivation and has been officially reclassified by the Land Registry for industrial, logistical or other non-agricultural use. This means that such land is legally ready to be used for industrial facilities, production halls, warehouses or logistics centres. <\/p>\n\n

What are the benefits of set-aside?<\/h4>\n\n

Set-aside areas offer a number of advantages for developers and investors, especially for industrial and logistics investments. The most important of these are: <\/p>\n\n

    \n
  1. Faster Development Process<\/strong>\n
      \n
    • As the land is no longer agricultural land, the permitting procedures and conversions are quicker and easier. This reduces the time and costs needed to get a project off the ground. <\/li>\n\n\n\n
    • For industrial use, a lengthy sorting process is not necessary, which can result in significant time savings.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Adequate Infrastructure and Utilities<\/strong>\n
        \n
      • Set-aside areas often already have utilities such as water, electricity, sewerage and gas. This allows developers to start planning and construction immediately, without having to waste time building the basic infrastructure. <\/li>\n\n\n\n
      • The pre-built infrastructure means significant cost savings, as there is no need to invest in basic utilities.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
      • Flexibility in Planning<\/strong>\n
          \n
        • Set-aside plots are generally free to develop according to the investor’s needs. There are no agricultural restrictions to adhere to, giving greater flexibility in planning. <\/li>\n\n\n\n
        • Facilities required for industrial development (e.g. production halls, warehouses) can be freely constructed, taking into account the requirements of the project and the site.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • A more favourable legal situation<\/strong>\n
            \n
          • The legal requirements for set-aside land are simpler, as industrial use is already permitted. This makes it less complicated for developers and investors to acquire land and start development. <\/li>\n\n\n\n
          • Permitting processes will be simplified, as there will be no need to take into account agricultural restrictions that could hinder industrial investment.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n

            Why is set-aside important for development?<\/h4>\n\n

            Set-aside areas are particularly attractive to international companies, investors and manufacturers looking for fast and efficient solutions for their industrial investments. The following aspects explain why these areas are so important: <\/p>\n\n

              \n
            • Cost-effectiveness:<\/strong> the simplicity of retrofitting and permitting reduces initial investment costs, which provides a better return for investors.<\/li>\n\n\n\n
            • Competitive advantage:<\/strong> such sites allow developers to respond quickly to changing market needs, giving them a competitive advantage over those trying to develop industrial projects on agricultural land.<\/li>\n\n\n\n
            • Sustainability:<\/strong> set-aside land is often less sensitive to environmental regulations because it is already permitted for industrial use. This reduces the costs and bureaucratic hurdles of environmental compliance. <\/li>\n<\/ul>\n\n

              Summary: Selection of set-aside areas<\/h4>\n\n

              When looking for development land for manufacturing or logistics, set-aside land is the best choice. These sites allow for faster and more cost-effective development while providing the right infrastructure and flexibility for industrial investment. <\/p>\n","protected":false},"excerpt":{"rendered":"

              When looking for a suitable development site for manufacturing or logistics investments, one of the most important criteria is that the chosen site is already derelict. But what exactly does this concept mean and why is it so important for…<\/p>\n","protected":false},"author":1,"featured_media":6284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-6440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-plots"],"_links":{"self":[{"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/posts\/6440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/comments?post=6440"}],"version-history":[{"count":1,"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/posts\/6440\/revisions"}],"predecessor-version":[{"id":6441,"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/posts\/6440\/revisions\/6441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/media\/6284"}],"wp:attachment":[{"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/media?parent=6440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/categories?post=6440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertymap.hu\/en\/wp-json\/wp\/v2\/tags?post=6440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}