Boris Launches £3billion Regeneration of Elephant and Castle30/08/2013
The start of August saw work begin on a development which forms part of a £3billion regeneration plan for the London area of Elephant and Castle. Work on One the Elephant was launched by London Major Boris Johnson and sees the construction of an impressive 37 storey residential tower that will offer housing with stunning views of the capital in addition to retail and business space where jobs will be created.
284 new homes are to be incorporated into the tower, with a four storey pavilion and park to be built next door. In addition to this, the development of a new leisure centre alongside the building is also in the pipeline which will house a gym, cafe, crèche and 25 metre swimming pool with six lanes. Once completed, this development alone is hoped to bring residents back to the area as well as help the economy in the area grow.
One the Elephant is part of a project which will see 5,000 new homes built in the Elephant and Castle area with the creation of more open spaces and an overhaul of the transport interchange also included, which should all come together to create around 5,000 new jobs.
Of the regeneration in the area, London Major Boris Johnson said: “The transformation of Elephant and Castle is continuing apace, bringing thousands of much needed jobs and homes to this important part of the capital.
“Developments like this at One the Elephant, and next door on the Newington Butts site, are just the beginning, bringing quality homes into the area and helping to rejuvenate the high street.
“Alongside the improvements to transport links we’re seeing the start of a real renaissance for the area.”
Here at Geobond, we are in full support of such developments in our local area and are delighted that large scale construction work is playing a key role in this. If you need help with a construction project of your own, albeit probably on a smaller scale, we can provide highly effective piling and mini piling services so contact us today to find out more about what we can do for you.