It sickens me to the stomach what they've got away with here. Lend Lease are laughing all the way to the bank.So they havent even agreed the plans for the "affordable" units with a developer yet?
Missed stuff originlly. Disgusting
london is going to get totally beyond "normal" working peoples' reach soon. will be just a big play ground for nashing yuppies who arrive after uni and leave when kid comes
yes fo sho
Heygate flats being marketed in Asia. What a fucking stitch-up this has been.
http://www.standard.co.uk/news/lond...ats-to-overseas-buyers-is-insult-8582422.html
'Affordable' housing definitions should be based on a reasonable product of the local or national median wage. It's bollocks as it is.
Even up here in the north near me, the council was providing a 25% subsidy on 2-bedroom flats in a converted mill development, using council-owned 'public benefit' billboard space to promote them for the developer at about £110,000 each. Meanwhile, much more roomy two-bedroom Victorian terraces (with freehold) on nice streets 100 metres away sell for £75,000 - £95,000. What was the point? I suppose it's just to snare the new-mini owning 'urban living' fuckwits, but I'd prefer that council money went to more deserving causes.
It's coming, they already tried that a year or so ago didn't they, moving Londoners to the more "affordable regions"Oh, and have they let any developers do anything like 'offsetting' affordable homes by building them in other areas (or even other cities?) I'm surprised the tories/new labour haven't come up with that policy yet. They could clear London estates and require developers to build a thousand affordable homes in Hartlepool or something, so that people hit by the benefit cap in London could be shipped out there. It's exactly the sort of shit they'd do, isn't it?
Southwark blames austerity and the repeated slashing of social housing subsidies for the lack of social rented units in the scheme. Central government cuts weren’t the reason the council started looking to release the ‘latent value locked up in the land beneath’ the Heygate in the late 1990s. But now there’s a £23 million hole in their 2014-15 budget, with a 10 per cent cut coming the year after. Money from developers around the borough – for public facilities, a few affordable homes, some training schemes – is the only new cash the council is going to get. In 2011-12 it reported £67 million from such agreements, up from £15.5 million the year before. The median income of the social housing tenants it already has is £9100 – not much council tax revenue to be had there.Since signing the regeneration agreement with Lend Lease, the council has refused to say how much it was selling the land for. The figure came out by accident at the beginning of the year: £50 million. It has spent £44 million buying out leaseholders and rehousing tenants. The staggered nature of the development – due to be finished in 2025 – means that Lend Lease can build the most profitable sections first and put in the affordable homes when it wants. Or it could just sell the land, at a higher price, without building them at all.
Fuck me sideways with a piledriver! Couldn't they have done subterranean or taller multistorey parking and kept more space for flats?quarter of the site as parking?!?
http://www.lrb.co.uk/blog/2013/07/27/fatema-ahmed/southwarks-austerity-firesale/
Fuck me sideways with a piledriver! Couldn't they have done subterranean or taller multistorey parking and kept more space for flats?
Fiona Colley, cabinet member for regeneration at Southwark council said: “We are in some difficult times economically and we are getting a great deal for those Londoners who helped to negotiate this deal.”
Fiona Colley, cabinet member for regeneration at Southwark council said: “We are in some difficult times economically and we are getting a great deal for Londoners.”
Southwark Council is set to refuse to release confidential information about a development deal that saw them reduce the amount of affordable housing.
The borough will appeal the Information Commissioner’s Office decision that it should release the financial viability assessment used by Lend Lease to slash the affordable housing from 35 to 25 per cent in its £1.5 billion regeneration of the Heygate Estate in Elephant and Castle.
Is Elephant posh now?It's largely already true. Dalston and Elephant are posh, or on their way to being. They were two of the least posh places in the city, there's already not much left.
Not really. There's been new flats built etc, but it remains a predominantly working class area with lots of social housing...though that is changing fast, as the old community is moved out and houses are renovated/rebuilt and re-let/sold at extortionate prices. Fair number of students in the area. Not much evidence of posh coffee bars and delis......yet.....Is Elephant posh now?