Synergy in Urban Regeneration Partnerships: Property Agents' Perspectives

Michael Ball, Laurent Le Ny and Paul J. Maginn
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Michael Ball: Department of Real Estate and Planning, University of Reading, Whiteknights, PO Box 217, Reading, RG6 6AH, UK, M.Ball@readireg.ac.uk
Laurent Le Ny: Chargé de Mission INTERREG, Conseil Général de l'Aisne, Rue Paul Doumer, 02013 Laon Cedex, France
Paul J. Maginn: Centre for Social Research, Edith Cowan University, Joondalup Campus, 100 Joondalup Drive, Joondalup, Western Australia 6027

Urban Studies, 2003, vol. 40, issue 11, 2239-2253

Abstract: A major justification for urban regeneration partnerships (URPs) is that they provide synergistic benefits for their participants. Some argue that the major beneficiaries will be private-sector agencies. This proposition is examined in the light of evidence from a survey of property-related agencies. The opinions of developers and property consultants on the success of the partnership process in regeneration schemes with a significant property redevelopment component are examined. Many were found to have concerns about the URP model, centring on governance structures, decision-making, cost implications and time-frames. This suggests that synergy benefits may not actually exist. It is concluded that management and decision-making structures in partnerships need to be of greater concern in policy debate than is currently the case.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:40:y:2003:i:11:p:2239-2253

DOI: 10.1080/0042098032000123277

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