The £1.5 billion, 55-acre Elephant and Castle programme includes the creation of a new pedestrianised town centre, market square, green spaces and thousands of new homes and jobs.
Southwark Council is leading this programme so that by 2020, local people can benefit from a dramatically improved physical environment with tree lined streets, high quality open spaces and a largely traffic free environment. They will also enjoy access to more local jobs and training opportunities, and new cultural and leisure facilities.
The regeneration will include:
- 5,300 new and replacement homes
- up to 800,000 square feet (75,000 m²) of retail space
- five new open spaces
- an integrated public transport hub
Latest news - Elephant and Castle regeneration agreement announced
Southwark Council's Executive has been informed that the principal commercial terms of the Regeneration Agreement to transform the Elephant and Castle have been agreed between the council and development partners, Lend Lease, and that the legal drafting is now complete.
The Regeneration Agreement, which has been agreed by the Executive, will pave the way for the multi million pound scheme to transform the Elephant and Castle into a new and thriving urban quarter for south London. More...
