Planning permission has been granted for the £1.5bn Heygate Estate masterplan: the most significant milestone yet in the regeneration of this key part of Central London. 
Lend Lease, the integrated property and infrastructure company, will work with regeneration partner Southwark Council to deliver a masterplan, designed by architects Make, creating one of the largest new housing developments in zone 1 London.
By 2025, the scheme aims to deliver approximately 2,500 new homes, shops, restaurants and community facilities, and create over 5,000 jobs and central London’s largest new park in 70 years. It is expected that the scheme will lead to the creation of over 6,000 jobs during and post construction, along with many training opportunities.
The development will deliver a minimum of 25% affordable homes, plus extensive new publicly accessible space comprising parks, squares, streets and gardens. There will also be significant improvements and investment in public transport, along with new pedestrian and cycle paths that will create one of the best connected locations in London.
Cllr Peter John, Leader of Southwark Council, said:
“The Planning Committee’s decision to approve the masterplan and endorse our vision for Elephant & Castle is a watershed moment for the borough. We now have the opportunity, working with local people and our partners Lend Lease, to continue the transformation of the area as a place where people want to live, work, shop and relax. The regeneration of Elephant & Castle will take time, but this announcement, and the starting of work on a brand new leisure centre, are all crucial steps towards a greener, safer and more attractive place in central London that people will be proud to call their home. It is so exciting to see this vital project gain momentum so that people will finally begin to see those much needed improvements being made on the ground.”
