Builder sought for 470 home regeneration scheme
A developer is being sought for a 470 home scheme which forms part of a £1.5 billion regeneration project.
The Homes and Communities Agency and Greater London Authority are about to launch a competition to select a developer for the London Park Hotel site - part of the Elephant and Castle regeneration area.
Of the 470 homes, 355 will be located in a 43-storey tower and the remaining 115 homes will be in a terrace block fronting onto St Mary’s Churchyard park.
Southwark Council said the type and tenure of the homes would be determined at a later date in the development.
Fiona Colley, cabinet member for regeneration at Southwark Council, said: ‘This is a very important site for the Elephant and Castle regeneration. It’s therefore good news for the area that the Homes and Communities Agency is looking to unlock this development opportunity and identify a commercial partner to invest in the implementation of this exciting scheme.
‘This scheme, together with the proposals for a new leisure centre and residential tower on the opposite side of St Mary’s Churchyard, would complete the regeneration of this part of the Elephant and Castle.’
Daniel Bridge, HCA area manager, said: ‘We’re looking for a developer with an excellent track-record in delivering high-density schemes in an urban environment. Our chosen partner will also be expected to engage with Southwark Council and the local community.’