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New residential plans for Elephant & Castle

A major regeneration of the Elephant & Castle area of south London has received a major boost this week with the announcement of a planned new £1.5 billion investment.Developer Lend Lease has placed an application with Southwark Council for the construction of 360 new homes at the Heygate Estate, with up to 1,500 new residential properties to be built across the area over the next 15 years.Architect MP1 has developed the plans for the new project, which will see construction of an array of three-storey townhouses for the area, as well as a new 16-storey high rise.Councillor Fiona Colley, cabinet member for regeneration at Southwark Council, said: "The pace of change at the Elephant is remarkable; as new homes at Trafalgar Place and One the Elephant rapidly come out of the earth and the leisure centre begins to take shape, I am delighted that a planning application for the next phase has already been submitted."She added that should the proposals be given final approval, 25 per cent of the new homes being built as part of the next phase of construction at the site will be made available on an affordable purchases basis.Pascal Mittermaier, Lend Lease's project director for Elephant & Castle, also noted the new homes will be some of the most sustainable of any new-build properties in the whole of the UK should the scheme be given the all clear to move ahead.A planning decision on this latest phase of the project is now expected early next year, with the construction of homes to get underway from autumn 2014 if all goes to plan for the firm.During the course of future works, it is hoped the scheme will provide a major boost to construction employment in the capital, with 20 apprenticeships, 38 short courses and at least 44 full-time jobs provided through just the first phase of the regeneration of Elephant & Castle. 

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