Regeneration is happening all over London. Many industrial areas alongside neglected and run down parts of the city are in the midst of significant investment. One such site is Elephant and Castle. Our letting agents in SE1 take a look at what is in store for the area.

£1 billion regeneration plan includes new rental properties

Regeneration has been ongoing for a number of years in the city. It is showing no signs of stopping just yet. The transformation of London has been vast and immense. One of the plans already approved by Southwark council is the Elephant and Castle regeneration scheme.

Mayor Sadiq Khan has supported the plans which will overhaul the run down shopping centre and is pitched at a costing of £1 billion. The plans include a new retail centre plus a new base for the London College of Communications.  Furthermore, there will be 979 new rental properties in this SE1 development together with leisure space. 35% of the overall build will be affordable housing.

A new town centre with retail & leisure space and housing for Elephant and Castle

This vibrant part of the city is seeing big demands for property currently.

Elephant and Castle is undergoing a revival, and regeneration is set to make it a major hub for South London with a new civic square, green spaces, homes and tram routes.

A spokesperson from  Delancey, developer of the Elephant and Castle Town Centre Regeneration Project, has said ”we remain committed to maintaining the area’s unique and vibrant culture. The new town centre will include a mix of high street and independent retailers including existing shopping centre traders, alongside enhanced restaurant and leisure opportunities. It will also deliver much needed housing on a site where there is currently none.”

Would you like to rent or let property in SE1 / SE11?

If you would like more information on letting or renting property in Elephant & Castle or surrounding areas, contact our team of agents today. Just click on the links below to discover what properties we have available in the locality.

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