Thirty-six local businesses secure new home in the heart of Elephant & Castle

22 March 2019

Thirty six local traders from the Elephant & Castle Shopping Centre have been offered the opportunity to move into new affordable business space just metres away from their current location.

Southwark Council and developer Delancey have worked closely with individual businesses to find the right solution for them, with some offered spaces in the planned retail hub at Castle Square, some moving into the affordable units reserved for shopping centre traders at the base of the Elephant One building next door, and others opting for space in the affordable ‘Elephant Arcade’ at the ground floor of Perronet House.

Once offers have been accepted, businesses will be supported to make the necessary arrangements for their future move.

Spaces have not yet been found for all businesses from the shopping centre and market in their preferred locations, and while some are exploring other options locally, further support from Tree Shepherd will be available to help them relocate. The council’s markets team will also continue to work with market traders interested in moving to other local pitches in the area.

Cllr Kieron Williams, Cabinet Member for Business, Skills and Innovation, said: “My focus is on making sure local businesses who have put so much into the area can stay and prosper.  That so many have now been offered affordable units in the heart of Elephant is a really important step forward.  I’m delighted the council has been able to provide the new units at Perronet House and it’s good to see Delancey allocating affordable units to shopping centre traders too. The priority now is to find homes for the remaining businesses. I’m determined to make sure they get the support they need, so we can keep and grow Elephant’s fantastic mix of independent traders.”

With no closure date announced, the shopping centre remains open for business.

Page last updated: 22 March 2019