Favelado
J'adore South Shore
Is Elephant posh now?
Not yet but....
Is Elephant posh now?
- Price paid by Lend Lease for 22-acre Heygate Estate site: £55m
- Price paid for nearby Oakmayne/Tribeca Square 1.5-acre site: £40m
- Expected total cost to Southwark Council for evicting residents: £65.5m
- Previous estimate of cost to refurbish Heygate Estate to modern standard:£35m
- Expected profit from sales for Lend Lease: £194m
- Expected profit from sales for Southwark Council: £0
- Average compensation given to leaseholders of one bedroom flat: £95,480
- Average compensation given to leaseholders of four bedroom flats:£177,421
- Lowest price unit in new development (one bedroom flat): £310,000
- Number of social-rented units in Heygate Estate: 1,200
- Number of social-rented units in new development: 79
The Heygate Estate occupied a large site next to a major transport interchange in an inner London borough, and its residents had the temerity to remain poor while the land they lived on became more valuable. When people talk about the "social cleansing" of London, this is it. The classism and snobbery directed towards brutalism (but only when occupied by certain groups - see: the Barbican) compounded the Heygate Estate's fate. Read through the stories from former residents, archived on Heygate Was Home, for proof that it wasn't always considered a slum, or an eyesore, by the people who mattered.
We're losing London to the forces you can see at work at the Heygate. Regeneration schemes that push the existing community out to neo-banlieues and replacing them with white collar professionals and students living in inferior-quality buildings; councils pleased to turn a blind eye so they have higher rate payers within their boroughs; developers getting given land at a fraction of its true value on the promise of future profits that mysteriously never arrive; a revolving door between local authorities and regeneration consultancy and PR firms. The people affected by these phenomena are the last people to be given a say in, let alone be given control of, their lives. God forbid they should ever be given a way to choose how their city changes, too.
None of these 284 homes, currently priced between £350,000 and £1.1m, will be offered at a discount. Instead, Lend Lease has given Southwark £3.5m to spend on social housing elsewhere and will contribute to a new leisure centre.
A report by council officers said Lend Lease baulked at providing social units as this would require a second lobby and lift shaft to separate the two types of resident, adding: "Not doing so would have significant implications on the values of the private residential properties.”
This sickens me to my stomach (re: the new development replacing the Heygate):
that is obvious to us all and probably even themI doubt I or anyone would find enough to nail anyone specifically on corruption to be honest. I more meant material to back up the case that Southwark Council have been hugely incompetent, have hugely fucked up, have hugely done over the locals more generally.
http://www.theguardian.com/uk-news/2013/dec/12/heygate-pyramid-london-estate-evicted-condemn-artwork
There's a proposal to turn one of the blocks into a public artwork.
Wow, a pyramid. They are taking the piss. Maybe it's a symbol marking the death of a community.
More likely a symbol marking the vainglory of Southwark fucking council, the shitcunts!
ziggurtwats, surely?
no link sorryJudge Nicholas Warren has ordered Lend Lease and Southwark Council to publish confidential financial figures relating to the £1.5bn regeneration of the Heygate Estate at Elephant & Castle, London. The developer must now disclose all projected figures for sales to private buyers and social housing groups, casting new light on why the council agreed to drop its demand for 35% affordable housing on the 2,500-home estate down to 25%. Homes for sale to private buyers on the new estate start from £310,000 for a one-bed flat.
Evening Standard, Page: 12
This is great news. What has happened here is nothing short of criminal.
Seems now that nothing will be released before the election which could go either way between Lab and LD. As Southwark stated the viability documents were too complex to viewed by the public or even their own planning officers, what will be released? Am glad the council are "broadly happy" with the decision they spent two years fighting against.Judge orders release of Heygate figures
no link sorry