Lend Lease, the integrated property and infrastructure group, has begun the construction of the first 500 new homes in the regeneration of Elephant & Castle.
One The Elephant – a landmark 37-storey tower comprising 284 new homes started on site today and Trafalgar Place – a 235-unit development on the site of the former Heygate Estate – will commence later this week.
The developments mark the latest major step in the £1.5bn regeneration of Elephant & Castle, which is being delivered by Lend Lease in partnership with Southwark Council. During the next 15 years the regeneration will provide approximately 3,000 new homes, shops, restaurants, community facilities as well as outstanding landscaped areas including Central London’s largest new park for 70 years.
Lend Lease is delivering the regeneration using its integrated property model, which capitalises on the company’s expertise across the whole property cycle. As well as funding and developing the homes, Lend Lease will also act as main contractor.
The first new homes at Elephant & Castle are scheduled for completion in the Autumn of 2015.
