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A NEW TOWN CENTRE

The redevelopment of Elephant and Castle town centre is integral to Southwark’s wider regeneration plan for the area. It will enable us to deliver our ambition for a thriving new zone 1 destination, which will become a focal point for the local community.

The shopping centre will be redeveloped to include a range of high street and independent retailers, enhanced restaurant and leisure opportunities and a new cutting-edge university campus for UAL's London College of Communication - complete with exhibition and cultural space. This will sit alongside a new Northern line tube entrance and ticket hall and will connect the new Elephant and Castle town centre with the wider developments underway in the area.

Plans also include 979 new homes for the rental market, with part of this ambition already underway on Elephant Road.

The shopping centre is owned by a 50/50 joint venture between Delancey's client fund, DV4 Ltd and APG, the Dutch pension fund asset manager. APG manages € 439 billion (January 2017) in pension assets for its clients. The Elephant Road site is owned in a consortium between Delancey's client fund, DV4 Ltd, APG and Qatari Diar. This partnership also own East Village, the former London 2012 Olympic Athlete’s Village.