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Summative Project Evaluation Conclusion The analysis and evaluation of Kings Crescent estate using an informed critical evaluation framework, has evidenced the conclusion that this is an example of a successful megaproject throughout the property development process. The front end planning process minimised the potential risks and resulted in very little turbulence. By ensuring there was adequate funding, a strong project team and effective procurement strategy, this allowed a project of a large scale to be delivered efficiently on time and constructed to a high standard. The project particularly excelled in terms of its governance. As a local-authority led development, the allocation of responsibilities to trusted professionals and the decisions made by Hackney Council ensured the housing estate was constructed to precise standards. Throughout the development process there was a continuous consideration of their most valuable stakeholder, the existing community. This co-produced development has indefinitely benefited the local community which has been identified as an essential component of a successful public sector development. Although some evidence suggested there perhaps could have been a greater provision of affordable housing to be considered ‘exemplary’, by providing over half the development as affordable and social housing, this project is an overall success. Assessing the outcomes against other case studies of a similar nature, this conclusion can be further evidenced. Architects for Social Housing (Ash) highlighted the pressing issue of social housing being directly replaced by majority private sector homes. Each case provided a significantly smaller split of tenures than Kings Crescent estate. Hygene estate - 1,200 council homes demolished Replacement - 2,453 private sale and rent flats, 82 social rent. Ferrier estate - 1,906 social rent homes demolished Replacement - 2,490 properties for private sale, 1,358 for private rent, 550 shared ownership, 0 social rent Woodberry Down estate - 1,980 council homes demolished Replacement - 3,292 private sale, 1,358 private rent, 2,265 affordable properties,1,088 of this required to be social rent. (Ash, 2017)
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