LEND Lease, the integrated property and infrastructure group, will put 360 new homes on sale to the general public this week as the regeneration of the Heygate Estate in Elephant & Castle, Central London, moves on to its next stage.
The new homes represent the first phase of the Heygate Masterplan – now named Elephant Park – for which Lend Lease received outline planning consent from the council last year.
The first phase of Elephant Park comprises 360 homes situated along the south-eastern part of the former estate. Ranging from three storey houses to a sixteen storey tower, one, two, three, and four-bedroom houses will be provided with a bias towards larger family homes. Prices for the first release start at £380,000 for a one-bedroom apartment.
All the homes will include a private balcony, terrace or private garden and residents will also have access to a rooftop terrace, offering panoramic views of the London skyline, including Canary Wharf, St Paul’s Cathedral and the City.
The homes will also showcase the latest sustainable building practices and innovations, including cross-laminated timber, a highly durable material which is designed to improve the energy efficiency of buildings. The homes will also feature water saving technology, with a strong focus on urban nature, including green roofs and green walls.
Pascal Mittermaier, Lend Lease’s Project Director for Elephant & Castle, said: “Elephant & Castle is fast-becoming one of the most sought after places to live in London and the homes we are creating at Elephant Park will be some of the most sustainable and energy efficient ever built in Britain.”
“In addition to the new homes we are delivering here, the Masterplan will also create Central London’s largest new park in 70 years and will implement significantly enhanced transport infrastructure.”
“The rapid transformation of Elephant & Castle demonstrates Lend Lease’s ability to deliver some of the most complex and large-scale urban regeneration schemes in the world.”
Elephant Park’s Zone 1 location makes it one of the best-connected places in the capital. In addition to two tube lines (Bakerloo and Northern), it also benefits from proximity to a mainline train station and 28 bus routes. It is a six minute tube journey to the City and 11 minutes to the West End.
This latest milestone builds on the strong progress that has already been made at Elephant & Castle, including the successful launches of Lend Lease’s first two residential developments last year. One The Elephant, a landmark, 37-storey tower comprising 284 new homes and Trafalgar Place – a 235-unit development – are both now under construction.
Construction of these homes will also create job and training opportunities for local people, including 20 apprenticeships, 38 short courses and at least 44 full-time jobs. Architects for this phase of the project are Maccreanor Lavington Architects and the public realm designers are Gillespies.
Lend Lease has a 50-year track record of building and managing residential developments across the world. It has built thousands of homes in Britain, including 2,818 units at the London 2012 Athletes’ Village, and started selling homes in the capital directly to the public under its own brand last year.
In addition to the regeneration of Elephant & Castle, Lend Lease is also delivering The International Quarter – the new £1.3 billion commercial district at Stratford City in the Olympic Park which will include 320 new homes. Lend Lease also won planning permission last year for two new sites at Battersea comprising 200 units at Cobalt Place and Victoria Drive respectively.
To find out more about the homes at Elephant Park visit www.elephantpark.co.uk, for One The Elephant visit www.onethelephant.com and for more information about homes at Trafalgar Place visit www.trafalgarplace.com.
Source: Lend Lease www.lendlease.com