London’s Elephant and Castle trio given two months

The three are: Key Property Investments (a joint venture between St Modwen and Salhia); Lend Lease Europe with First Base and Oakmayne; and Oceancrest, a consortium including Blackfriars Investments, Chelsfield Partners and Glebe Holdings.

The plans by client Southwark council include the demolition of 1,200 council estate houses and the Elephant and Castle shopping centre and the realignment of the central road system. This will pave the way for over 5,000 new houses as well as retail and leisure space. The project team working on the initial plans includes programme manager Hornagold & Hills and architect Make.

The trio of bidders will be given two months to respond to the council’s latest brief for the scheme next year and a decision is due to be made on the winning by next summer.