Delancey client fund DV4 and asset manager APG have published emerging proposals for a new town centre at Elephant and Castle. They include a partnership with University of the Arts London (UAL), to create a new centre for core university services and a new cutting-edge campus for its London College of Communication (LCC), which will reinforce the status of the area as a major cultural and educational destination in central London.
Incorporating the redevelopment of the Elephant and Castle shopping centre and the adjacent London College of Communication’s existing site, initial proposals include a first class shopping and leisure destination with new homes to rent for people living and working in London, state-of-the-art educational facilities for UAL students, excellent transport links and enhanced public spaces. It will build upon the existing community and cultural diversity of the area and sit at the heart of the changes within the local area.
The Elephant and Castle town centre redevelopment is the lynchpin to a wider £3 billion regeneration underway in the area and integral to Southwark’s wider regeneration plan, which includes the creation of a new pedestrianised town centre, market square, 5,000 new and replacement homes, approximately 500,000 sq ft of retail and leisure space, an integrated public transport hub and five green spaces.
The new campus for London College of Communication builds upon a number of high-profile estates investments undertaken by UAL including a £62m regeneration of Camberwell College of Arts, the relocation of London College of Fashion to the Olympic Park at Stratford by 2021 and the completion of its Central Saint Martins campus in King’s Cross in 2011.
Nigel Carrington, Vice Chancellor, University of the Arts London, commented: “We are delighted that a new centre for UAL’s core university services and a new cutting edge campus for London College of Communication will be at the heart of one of London’s most exciting regeneration projects. UAL is proud to have been at the heart of Elephant & Castle for more than half a century and this development will mean we are there for years to come. This investment will mean a great deal to our staff and students, many of whom live and contribute in many exciting ways to the vibrancy of Elephant & Castle.’