Private sector-led urban development: Characteristics, typologies and practices

This chapter deals with private sector-led urban development by discussing various characteristics, typologies and practices. In terms of characteristics, private sector-led urban developments are classified as public– private partnership concessions. The chapter discusses the contemporary and potential role of private actors as a driving force behind developing urban areas and real estate. It aims to contribute new concepts and empirical insights about the management and organization of urban and real estate development. The chapter show that the great diversity of private sector actors involved in shaping and delivering urban areas and real estate. A closer conceptual examination of the subject suggests that four typologies of private sector-led urban development exist, namely, developer-led, investor-led, community-led, and corporation-led urban development. Practices of each of these typologies indicate the wide variety of development strategies, actor commitment to urban development, and actor abilities to play a leading role in development processes.