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Synergy in Urban Regeneration Partnerships: Property Agents' Perspectives

Department of Real Estate and Planning, University of Reading, Whiteknights, PO Box 217, Reading, RG6 6AH, UK, M.Ball{at}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

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.

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