Delancey’s client fund DV4 and Europe’s largest pension fund asset manager, APG, have announced their intention to form a strategic partnership with University of the Arts London (UAL) to provide a new campus for its London College of Communication within their plans for a vibrant new town centre.
Initial proposals will be presented alongside development plans for the Elephant Road site – which is under construction and due for completion in autumn 2016 – and the redevelopment plans for the Elephant & Castle Shopping Centre.
Local stakeholders, businesses and community members will be invited to contribute to the evolving proposals and meet some of the team working on the project, including lead architects Allies & Morrison.
The Elephant & Castle town centre redevelopment is 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 square feet of retail and leisure space, an integrated public transport hub and five green spaces.
Jamie Ritblat, on behalf of Delancey and APG commented:
“It is our ambition to build upon the vibrant culture of the area and excellent Zone 1 transport links to create a thriving new destination for London and the local community – complete with world class educational and cultural facilities, increased residential provision and an improved retail offer.”