Monday, April 14, 2014

What Goes Up Might Come Down

As high-rise blocks are demolished on estates in South Kilburn and Barking (below), 2818 new homes in the skyscrapers of the former London 2012 Olympic Athletes' Village in Stratford are awaiting their first occupants (above).

The difference between those coming down and those going up is not so much architectural, as proprietorial. Private housing is replacing public: 1439 of the apartments in East Village, as it is now known, are being offering for private rent by Get Living London, a joint venture between the Qatari sovereign wealth fund and property company Delancey. The remainder are 'affordable' homes for sale, shared-ownership, or rent by Triathlon Homes, a public-private partnership.

Only time will tell whether ownership status is more important than architecture and the strength, or otherwise, of the local economy – or whether East Village is destined to become a densely packed, down-at-heel, buy-to-let opportunity earmarked for a future wrecker's ball.  More pictures here.