The Elephant and Castle Town Centre redevelopment is one of Central London’s largest regeneration projects. Get Living will be the long-term operator and guardian of the town centre, backed by a partnership between DOOR (a joint venture between Delancey’s client fund DV4 Ltd and Oxford Properties) APG and Qatari Diar.
The town centre is being brought forward in three main phases. The first phase of development, Elephant Central, opened in 2017.
The second phase is the comprehensive redevelopment of the Elephant and Castle shopping centre into a town centre that will serve as the hub and focal point of the local community. Castle Square, opened in September 2020 to align with the closure of the existing shopping centre, is a purpose-built shopping destination set around a public square and home to traders with a long local history. The former shopping centre site will see 485 homes delivered to rent (313 market rent and 172 affordable rent) alongside 135,000 sq ft of shops, restaurants and leisure space, 55,000 sq ft of workspace, a new university campus for London College of Communication, UAL and a new Tube station entrance and ticket hall, plus high-quality public realm. With Multiplex now appointed, the second phase of construction is targeted to complete in 2026.
The third and final phase will commence on the existing London College of Communication site following its move into a new campus. This phase will provide a further 498 new homes (333 market rent, 49 affordable rent and 116 social rent) as well as retail space and a 500-person capacity cultural venue and public realm.
Elephant and Castle Development UK Ltd