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WD

1.

Woodberry Down, London

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Financialized Municipal Entrepreneurialism and the Green Redevelopment of a Council Estate in London: Woodberry Down

Woodberry Down

Financing: Self-financing Public Private Partnership

between Hackney Council, Berkeley Group, Notting Hill Genesis, WDCO community organization, London Trust

Cost: aprroximately £1 billion  

Social Impact: Increased density, significant gentrification, no displacement of longstanding secure council tenants, displacement of majority of leaseholders.

Redevelopment area: 64-acres

Existing housing units before redevelopment: 2,013

Estimated housing provision: 5,782 units

Housing provision (market): 3,408 units

Housing provision (social rent): 1,264 units 

Housing provision (shared ownership): 1,110

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