The ambitious Elephant & Castle’s regeneration scheme in central London has come to its final phase: property developer and investor Delancey and pension fund asset manager APG have revealed the plans to revamp the shopping centre and the London College of Communication site to create a modern and brand new town centre around the famous shopping centre site.
The Elephant & Castle regeneration project is a part of Southwark’s wider regeneration plan which includes the creation of a new pedestrianised town centre, a market square, 5,000 new homes, new retail, educational and leisure space, an integrated public transport hub and new green space
The architectural minds behind the project – architecture and urban planning practice Allies and Morrison – aim to create a mixed use town centre destination with multiple shops, bars and restaurants, over 100,000 sq ft of public space and a new Northern Line entrance.
The new Northern Line entrance will play a crucial transportation role by seamlessly connecting the new Elephant & Castle town centre with other parts of the area.
The shopping centre redevelopment scheme will include a range of well-known high street and independent retailers. Revamped and improved dining premises and various leisure opportunities are proposed as well, amongst them – a new music venue for 500 audience and a huge 1,000-seater cinema.
Being the concluding stage of the £3bn regeneration of the area, the project will also incorporate a new state-of-the-art university campus for UAL’s London College of Communication. The campus will also incorporate a cutting-edge exhibition and cultural space.
The residential plans involve building 1,000 new homes, including 374 new rental homes and 272 student apartments to support the demand for rental accommodation from growing student and young professional population.
A new improved town centre for Elephant & Castle is crucial to creating and maintaining a prosperous and buzzing community at the heart of London.
When finished, the area will have excellent transport links, first class shopping, new homes to rent, enhanced public space, and cutting-edge cultural and educational facilities.