Elephant Park

London, UK

Lendlease is working in partnership with Southwark Council to deliver a transformation project in the heart of Elephant & Castle, London. Elephant Park is set in a leafy park landscape, offering a unique opportunity to be part of a new green vision for city living.

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Project at a glance

Elephant Park

Completion Date: Expected completion 2026
Project Categories: Development, Construction, Investment
Estimated Value: $4.6 billion
Project Structure: Partnership with London Borough of Southwark Partnership with CPPIB to establish the Build to Rent platform
Project Scheme: Residential led mixed use regeneration scheme comprising:

43,000 sqm office (subject to planning)

3,208 apartments (c.30% for rent)

12,000 sqm retail

As at 31 Dec 2021. Estimated project value, details and completion date reported in Lendlease Half Year Results, 21 Feb 2022. Figures in AUD.

Project vision

Elephant Park is a new mixed-use development in South London located in the historic area of Elephant & Castle. Offering the convenience of living in Zone 1, and centred around a new park, the development unites creative independents, inventive local food traders, and high street gems alongside a spirit of fun and adventure. Elephant & Castle has always been a special part of London.

Mature trees and new, green, open spaces connected by tree-lined streets make this Central London's new green heart, and one of the capital's most exciting places to live, work or visit while building on Elephant & Castle’s rich heritage.

Project outcome

Elephant Park has delivered 2,303 apartments and 9,000 sqm of retail to date, with a further 222 apartments, 1000 sqm of office space and 400 sqm of retail space in development. Also in development are 424 apartments and 1,700 sqm of retail space at Park & Sayer.

The project is already more than half way through, with over 2,300 homes and 9,000sqm of retail complete, whilst the two acre park that sits at the centre of the development is now open and drawing crowds from across London.

Elephant Park will be net zero carbon in operation, with new homes aiming to be at least 35% more energy efficient than UK regulations require. In addition, our Future Homes at Elephant Park are among some of the first new-build homes in Zone 1 London to be accredited to the world-leading Passivhaus standard.

The project will deliver resilience through green infrastructure including the newly opened two-acre park and Elephant Springs, an urban oasis featuring fountains, waterfalls, and slides. Since construction began in 2013, 1,567 jobs have been provided for local residents, with 876 going to people who were previously unemployed (as of December 2021). In addition, over 9,000 people received construction skills training at the Southwark Construction Skills Centre located at Elephant Park from 2016 to 2021.

Project highlights

Sustainability

Elephant Park set a target back in 2013 to be a net zero carbon community in operation by 2026. Our own Energy Hub supplies low carbon heat and hot water to residents and retailers.

Local Opportunity

In partnership with Southwark Council, 6,000 new jobs will be created by completion (5,000 in construction and 1,000 in the completed development).

New Two-Acre Park

Elephant Park is centred around a two-acre park, one of the largest new green spaces in central London for over 70 years.

Elephant Park

Project at a glance

Elephant Park

Project vision

Project outcome

Project highlights

Sustainability

Local Opportunity

New Two-Acre Park

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