Developments and growth in Elephant and Castle

Michael Faraday Memorial, Elephant & Castle London

Elephant & Castle area update

Collectively there are fifteen projects underway and they are part of the major initiative in the regeneration of growth and new developments within Elephant and Castle at this time. Two major projects at the heart of the development are Elephant Park on the land formerly occupied by the Heygate Housing Estate and the ground-breaking Town Centre development, a new project that will replace the old shopping centre.

Across the Elephant and Castle area, there are eighteen projects ongoing or in the late stages of planning. There are early housing projects nearing completion to rehouse residents of Heygate. Elephant Park is a major mixed-use development that will provide almost 2,500 new homes between now and 2025.

The developer, Lendlease, is committed to breathing new life into the area with a number of new green recreational areas retaining over 100 existing mature trees and planting hundreds of new ones. Lendlease is committed to ensuring its development is one of the most environmentally sustainable urban regeneration projects in the world. 

Also, a participant in the Climate Positive Development Programme, meaning Elephant Park will be climate positive when it reaches completion in 2025. Elephant Park will include a combined heat and power plant, the Energy Hub, to enable the delivery of net zero-carbon heating and hot water to all the new homes.

The Elephant and Castle shopping centre is set to be developed into a new town centre to serve as the hub and focal point of the local community. Work on the town centre is well advanced, which will also provide approximately 50 new shops with attendant business opportunities and jobs, restaurants and cafes and a brand-new park right in the heart of the scheme.

The proposals will see the area opened up to provide more pedestrian routes through the current shopping centre site and stand adjacent to a new Northern Line tube entrance and ticket hall. Current plans include over 1,350 private rent and student homes, and a new cutting-edge campus for London College of Communication, University of the Arts London.

There are extensive additional sites in various stages of development throughout the area. The opportunities offered to aspiring potential home owning Londoners are excellent thanks to the high-level planning and commitment shown by the parties involved. Alex Neil Estate Agents are on the spot and fully able to advise you about the various options available to you, contact our Rotherhithe & Bermondsey to organise your free valuation.

Written by Alex Neil Estate Agents


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