Make submits Elephant and Castle revamp masterplan
Make has submitted an outline planning application for its £1.5 billion Elephant and Castle redevelopment masterplan
The 8.8 ha scheme replaces the area’s 1970s Heygate council housing estate with 2,500 homes and a new park.
As many as 25 per cent of the new homes will be affordable.
The £1.5 billion project is part of a regeneration agreement between developer Lend Lease and local authority Southwark Council.
Mark Dickinson of Lend Lease said: ‘Elephant and Castle is one of Europe’s most exciting regeneration projects. London desperately needs new homes and Lend Lease is proud to be playing a part in helping the Capital to meet the growing demand.
‘We are the perfect partner for Elephant and Castle – our expertise in developing large, complex, mixed-use regeneration schemes is second to none. I am delighted to be bringing Lend Lease’s global experience in regeneration to this vital part of south London.’
Councillor Fiona Colley, cabinet member for regeneration at Southwark Council, added: ‘Transforming the Heygate is a hugely important cornerstone to Southwark Council’s £1.5bn regeneration plans for Elephant and Castle. We welcome the planning application, which will be considered by the council’s planning committee, making further steps towards the long-awaited vision for the area that residents look forward to seeing become a reality.’
If approved, the project’s first phase is expected to begin in 2013.