Southwark Council has resolved to grant detailed planning permission for 235 new homes that form the first phase of the Heygate Regeneration. They will be delivered by Lend Lease in partnership with the council.
Lend Lease’s managing director of UK residential development, Mark Dickinson, said: “Together with the recent outline planning approval for the regeneration of the Heygate Estate and the successful sales launch of our landmark One The Elephant development, this planning approval has enabled our commitment to the transformation of Elephant & Castle to gather real momentum.
He added: “We’re excited at the prospect of the regeneration now getting underway and we plan to be on site later this year.”
Cllr Fiona Colley, Southwark Council’s cabinet member for regeneration, said: “Last month we saw the Heygate masterplan given the go-ahead which was a major milestone. This week’s decision is just as important as it means we, with our development partners, can start to bring those plans to life. The regeneration of Elephant & Castle is a unique and world-beating project that will deliver almost 5,000 new homes in the heart of the capital, 6,000 construction jobs, a brand new leisure centre, major transport and infrastructure improvements as well as a major new park for local residents. We’re delighted that the latest plans have been approved.”
This planning decision is the next milestone of the Elephant & Castle regeneration after the approval of the Heygate Outline Masterplan last month. This set out the blueprint for 15 years of regeneration on the Heygate Estate site, including Central London’s largest new park for 70 years.
Lend Lease plans to start selling the homes in the Phase One development in April and start construction later this year. With completion expected in 2015, the 235 new residential units will be the first in the regeneration to be lived in.
In addition to the regeneration of Elephant & Castle, Lend Lease is also delivering The International Quarter – a new £2bn commercial district at Stratford City in the 2012 Olympic Park that will include 350 new homes.
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