In this paper, we study the characteristics and results of two different approaches to urban regeneration which we have termed ‘Metagovernance’ and ‘Pluricentric coordination’ following. We studied this through a comparative study of area-based, participatory urban regeneration projects in Denmark and Japan, representing each one approach. The paper aims to clarify results of the two approaches in terms of five aspects of urban regeneration, relevant to the process and results: (1) strategic spatial improvement, (2) influence of the legal system and transparency of the processes, (3) empowerment of citizens and diversity of participants, (4) innovative capacity (diversity and creativity of the projects) and (5) continuity and flexibility of the projects. The paper concludes that each approach has strengths and weaknesses and that each country can learn from the other to strengthen future participatory urban regeneration.