Lend Lease proposals for E&C

Summary:

• value: £1.5bn
• due for completion: 2025
• around 2,800 new homes, new shops and restaurants.
• new parks and squares.
• Improvements to roads, public transport, pedestrian and cycle routes.
• Net zero carbon growth

Area

• 10.2 hectares
• 2,800,000 sq ft residential   [don't you just love the way we can't work out whether to be metric or imperial?!]
• 50,000 sq ft office and workspace
• 150,000 sq ft retail, community, leisure and restaurant

The scheme aims to "create a new environment serving the needs of the existing community and expanding future population, by way of an integrated approach to living, shopping, downtime and work.

"The challenge is to build on the areas strengths and overcome its challenges to create a new district of central London whilst retaining its uniquely diverse South London identity. 

"The scheme will re-establish a new public realm of squares and streets, which mirrors the old Georgian street network and reintegrates the new development with its surrounding city context. "

More info at:
http://www.lendlease.com/en/Group/Lend-Lease/EMEA/United%20Kingdom/Projects/elephant-and-castle-regeneration.aspx

What there isn't is any info on income generation. Will keep looking!