Elephant Park Regeneration Factsheet

1 OVERVIEW

Lendlease has been working in partnership with Southwark Council to deliver a £2.3 billion regeneration project in Elephant & Castle since 2010. The area has been an important part of London since Roman times, whether as a transport junction, a hub for entertainment and shopping or a place to call home. The project will breathe Elephant Park Phase 3 new life into this special part of Central London, 829 homes building on Elephant & Castle’s heritage and Elephant creating thousands of high quality new homes, Park One The Elephant jobs, business opportunities and green space for 284 homes Phase 4 Castle Centre Londoners. Elephant Park Phase 5 Elephant Park is part of the wider Elephant & Elpehant Castle Opportunity Area, one of Southwark Park Council’s ambitious redevelopment programmes Elephant Park Phase 5 Energy and is set to be one of the most sustainable inner- Hub city regeneration projects in the world. Trafalgar Place By 2025, the project will create: 235 homes Elephant Park Elephant Park Phase 1 New homes: Circa 3,000 new homes, a minimum Phase 1 (South Gardens) of 25% of which will be affordable (West Grove) 595 homes 360 homes New jobs: Over 6,000 new jobs, 5,000 during construction and 1,000 in operation New economic opportunities: New offices, leisure, community facilities and shops - a proportion of which will be let at affordable rents Elephant Park for local businesses New investment: c.£300m invested in the area in- cluding public transport improvements and wider community facilities

New sustainability standards: Low carbon energy centre and other world-leading innovations, Elephant Park will be the first Climate Positive development in the UK.

Green Yellow Blue Red Delivered by Delivered by In Construction Future phases to Lendlease Southwark by Lendlease be delivered by Council (fully Lendlease funded by the Elephant & Castle *All figures are correct as at 1st March 2018 regeneration)

2 3 Outline planning permission HISTORY & TIMELINE received for the Elephant Park Masterplan providing up to c.3.5million sq.ft of new floorspace across a range of uses, including Regeneration a guaranteed Greater London Agreement level of 25% Retail occupation Authority’s signed between affordable 879 homes have commences Heygate Estate London Plan Southwark Southwark housing as Lendlease’s been completed and a further Project completed as designates Council starts Council and a minimum. first 235 homes and a further 595 homes will completion part of post war Elephant & communicating Lendlease, Almost half the in Elephant 1,038 are under be occupied with circa 3,000 social housing Castle as an with Heygate committing to land area (c. & Castle - at construction. when the tenure-blind new Extensive bomb boom, housing Opportunity Estate residents the delivery of 500,000 sq.ft) Trafalgar Place The first phase second phase of homes, including damage to the 3,000 people Area, making it about the a shared vision will be new and - complete and of the park is Elephant Park around 650 area during across 1,212 a key area for rehousing over the next 15 improved public first residents opened to the – West Grove – new affordable World War II. homes. growth. process. years. spaces. move in. public. completes. homes. 2021 2025 2004 1965 1974 2002 2004 2012 2017 July 2007 July 2010 1980-2000 1939-1945 March 2013 2018 / 2019 Summer 2015 Summer 2016 1900 – 1940’s Looking Ahead September 2013

The area became Elephant & Many of the new Southwark Southwark Lendlease Demolition of the One The The whole park known as the Castle Shopping buildings of the Council Council selects submitted Heygate Estate Elephant, will be fully open “Piccadilly of the Centre opens 1960’s and 70’s publishes a Lendlease as its planning commences. a 37-storey to the public. South”, attracting to the public, deteriorated development preferred master applications for building visitors from becoming the and the scale of framework development three sites – One consisting of across London first covered many structures, for Elephant partner for the The Elephant, 284 new homes to its array shopping mall in including the & Castle. This regeneration Trafalgar Place & completes and of theatres, Europe. Heygate Estate formalised of Elephant & Elephant Park. Southwark cinemas and northern Southwark Castle after a Construction and grand roundabout Council’s view competitive Skills Centre department made it hard for that the best way OJEU tendering opens. stores. the area to adapt to deliver change process. and grow. to Elephant & Castle was to remove the FAMOUS physical barriers restricting FACES OF growth in the area, such as the ELEPHANT Heygate Estate. & CASTLE Michael Faraday Octavia Hill Charlie Chaplin

4 5 Lendlease will provide a guaranteed level of 25% Lendlease is proud to work with Southwark on delivering Homes in the most recent phase, South Gardens, were affordable housing as a minimum across Elephant Park affordable homes for the borough, and the Elephant held back specifically so they could be offered under and Trafalgar Place, irrespective of any falls in the market & Castle Opportunity Area will see a net increase in the Help to Buy scheme, making Elephant Park the only during the lifetime of the project. Half of the affordable affordable housing (as shown in Figure 1). Southwark development in Zone 1 at the time to offer homes housing will be split between social and affordable is committed to building 11,000 new affordable (social through Help to Buy. This builds on our commitment to rent (set at a maximum of 50% of market rent) with the rented) homes across the borough in what is one of the UK sales, which means we ensure all our homes are NEW remainder shared ownership. To date, detailed planning country’s most ambitious homebuilding programmes. marketed to UK buyers first. approval has been received for 2,303 homes and since construction began four years ago c.2000 people are now HOMES living in the Elephant Park community.

11 SOUTHWARK COUNCIL - DELIVERING AT LEAST 1,700 AFFORDABLE HOMES IN ELEPHANT & CASTLE

22 Figure 1: Amended map showing Southwark's 34 plans for the delivery of at least 1,700 council homes in the Elephant & Castle 3000 28 Opportunity Area Tenure Blind New Homes 15 Source: The Elephant Magazine, Issue 8 / Summer 2016 Homes completed, under Total Total construction and in planning homes affordable 33 1 Arch Street 52 52 19 9 2 Brandon Street 18 18

3 Clarson House 103 103 20 10 4 Crampton Street 182 44

5 Cutler Apts/Morant Court 21 21 1

6 Elephant Park: South Gardens 360 76

7 Elephant Park: Trafalgar Place 235 54

8 25% Garland Court 19 19 23 Affordable housing 9 Harper Square 72 72 10 Meadow Row 19 7 5 11 Munro Court 40 40

as a minimum 12 Printworks 164 67

13 Rosa Parks House 29 29 26 29 13

14 Royal Road 96 96 15 Signal Building 38 11 17 24 16 South Central 113 25 27

17 Strata Tower 408 95 7

18 Townsend Street 37 37

19 Vantage Metro Central 68 20 6

20 Wardroper House 15 15 2 21 140 84 21 18 Base 17 8 22 Blackfriars Circus 336 79 16 23 Elephant Road 373 0

24 Elephant Park: West Grove 595 123

25 Manor Place Depot 270 100 4 26 One the Elephant 284 0 KEY 30 27 Real Star Living 457 179 12 28 Two Fifty One 355 65 Completed

29 Elephant Park (MP3) 829 166 Under Construction Planning 30 Amelia Street 55 20 31 c.2000 31 The Foundry 54 17 people living in the Elephant 33 30 10 Opportunity Area Rockingham Street 14 25 Park community Elephant Park Town Centre

Affordable housing includes Total 5,867 1,744 homes provided at social rents or 3 on a shared ownership basis.

6 7 NEW JOBS NEW ECONOMIC OPPORTUNITIES

More than 6,000 jobs will was opened by the Mayor Elephant Park will create home to six restaurants, two be created (5,000 during of London and Leader of SPACE FOR OVER 50 new local shops, cafes and two bars, while the Council in September construction and 1,000 in the restaurants and cafes and providing office space for 6,000 2016. The Centre, which completed development), will include affordable 20 start-up companies and JOBS WILL BE with a focus on ensuring sits in the Elephant Park rents to attract local, Southwark’s temporary as many of these jobs as development, trained over independent businesses. Newington Library. The CREATED possible go to local people. 2,000 people in its first year, In total, Elephant Park will Artworks has now expanded Since July 2013, Lendlease preparing them for work on 50 create c.32,000sqm of retail, its footprint with the 1,000 in completed has employed over 900 the many construction sites RETAILERS business, community and introduction of Lost Rivers Developmentd Southwark residents, of in the borough. The Centre leisure space. Elephant, a new venue and which almost half were is led by the industry and events space for London. It is during The Artworks comprises 5,000 previously unemployed. A aims to address the chronic our ambition for businesses construction of 38 shipping containers third of these job outcomes construction skills shortage in the Artworks to eventually providing space for new were delivered through Be in the UK, as well as giving take space in the permanent and local businesses and Onsite, Lendlease’s not-for- attendees insight and access retail space being delivered bringing early regeneration profit that works with the to one of London’s largest across the Elephant and benefits to the area. It is now hardest to reach groups regeneration projects. businesses started Castle opportunity area. in society and provides a on site through In 2020, Elephant Park tailored service to ensure will reach its construction meanwhile use local people not only get peak, with around 1,800 con- programme work but stay in work for the Southwark struction workers on long term. 38 residents site each day, which in turn + employed so The Southwark Construction creates economic stimulus 900 far Skills Centre, delivered by and business opportunities Lendlease in partnership for the local area. with Southwark Council,

trained at 10% + the on site Affordable Retail Rents 2000 Construction Skills Centre in year one

8 9 NEW INVESTMENT IN PUBLIC SERVICES NEW SUSTAINABILITY STANDARDS

Lendlease is investing complete (including S106 Elephant Park is aiming to be carbon, affordable heat and c.£300m in the area in- contributions, investment one of the most sustainable hot water to residents and cluding public transport in public realm, Mayoral We aim to be the inner-city regeneration businesses across Elephant improvements and wider Community Infrastructure 1st Climate Positive projects in the world. With Park, with the capacity to community facilities. For Levy, energy provision etc.). its own net-zero carbon connect into a further 1,000 example, the delivery of This figure will more than development in the energy centre and other homes across Elephant & One The Elephant allowed double to over c.£300m world-leading innovations, Castle opportunity area. Lendlease to fully fund by the time the project UK Elephant Park will be The new homes will be Southwark Council’s new completes. the first Climate Positive at least 35 per cent more £20 million state-of-the- development in the UK. With c.2000 residents energy efficient than current art leisure centre, which now living in Elephant As well as planting more regulations require. This will welcomed more than c.£300m Park and future phases than 1,200 diverse trees include 15 pioneering 400,000 visitors in its of construction at well and delivering 11 acres of ‘Futurehomes’ – which are first year of operation, In public contributions (including land underway, Elephant & publicly accessible spaces among the firstnew-build more visitors than any payments, s106 contributions, public Castle is attracting wider in Central London, there will homes in Zone 1 of London to other leisure centre in the investment highlighted be green roofs, green walls be accredited to the world- realm and infrastructure by the time the borough. project completes) by schemes such as the and other planting that will leading Passivhaus standard. Beyond the new homes redevelopment of the help enhance air quality Elephant Park is the only and jobs, the project has shopping centre, the and a focus on rainwater UK project selected for already contributed over Bakerloo extension and the harvesting. the C40 Climate Positive £130m at a time when Old Kent Road Opportunity The on-site Energy Hub will Development Programme the project is only 30% Area. include a combined heat and the first project in and power plant (CHP) Europe to reach ‘participant utilising natural gas, offset status’ in this programme. 1,200+1,000 by grid-injected biomethane, newlynewly planted planted trees and will deliver net zero- trees in Zone 1 London

ALL NEW HOMES DESIGNED TO ACHEIVE AT LEAST 35% LOWER EMISSIONS THAN 2013 REGULATIONS**

10 * Trafalgar Place and One The Elephant are delivered to Code 4 with at least 25% lower emissions than 2010 Building Regulations. 11 12