In my opinion, this cannot be answered only with space/area; there is an individual history behind it and how the children themselves can deal with it or feel about it. Do they talk about it honestly or are they rather reserved, etc. Of course, you don't have to/can’t hold a wish concert, but I did want my own children to also have the feeling of being just as welcome there as the other child. I think this should be taken into consideration. The little child should also notice that the others belong just as much. This is doable with one room or two shared/divisible ones. I would find, in principle, a good idea, for example, to build a "special" room for the two older kids, like this cool bed or with funny details, so to give up some area in favor of more exciting content. That can be a funny loft bed as well as the nook, and it should be their room, so not for general use. I think privacy is important and that maybe you as the father "manage" their room because maybe there are still insecurities towards the new partner, which wouldn't be unusual, or maybe some jealousy against the smaller one. Therefore, it should feel like THEIR room alone, where no "stranger" walks in except Dad… something like that I could imagine.