As work continues on Elephant Park and the £2.3 billion regeneration project between Lendlease and Southwark Council, it brings with it an abundance of fresh opportunities for operators within retail and F&B in London’s Zone 1.
On top of residential and office space, Elephant Park is taking a fresh approach to its retail and F&B offer within Elephant & Castle. A diverse community deserves an eclectic mix of retail and F&B providers, so customers will be able to find everything from start-ups and concept restaurants to popular independents, much-loved brands and high street staples across the five zones at Elephant Park.
The development has already welcomed established independent brands like KOI Ramen, The Tap In and Beza Vegan Food. Mercato Metropolitano will launch their brand new concept MM Factory in the coming months, creating training space, classes and social opportunities for the local community.
The location
Elephant & Castle tube station sees more than 23 million people pass through each year, partially due to its proximity to major London transport hubs. Oxford Circus and King’s Cross are only 15 minutes away and London Bridge, Blackfriars, Waterloo and Bank are reached within 10 minutes by tube or mainline train services. Accessibility is set to be a key theme for the area, with a further investment of £300 million to improve public transport and infrastructure. Zone 1 will become more accessible than ever before, as the investment creates easy access to the City, Borough, West End and Southbank.
So what will the area bring to London from a retail perspective?
As well as retail focused areas which are already coming to life with independent brands and food operators (check out the likes of Walworth Square and Sayer Street as an example), Elephant Park will bring two new, distinct zones to South East London.
The first, Ash Avenue, is Southwark’s new, café-vibe, food destination which will see the first operators opening in summer 2020. Adjacent to the park, each restaurant will look out onto open, green space. This new “kitchen to kerb” proposition allows each unit ample room for park-side al fresco dining and will feature some of London’s best-loved F&B brands. The space will be social, the food offer unparalleled and the location highly accessible. New infrastructure will create a direct route from the train station meaning this location will receive high footfall and attract visitors from far and wide.
New Kent Road and Chatteris Quarter is the second zone bringing a new offer to the area. The focus here is health and wellbeing. The streets will welcome retailers who offer health and fitness services: boutique gyms, yoga and pilates studios, pharmacies, opticians and dentists. As well as these retailers, there will be collaborative workspaces, studios for creative endeavours, and cafés where visitors can sit back and enjoy some well-earned “me time”. With leasing underway, there are now existing opportunities for new businesses to launch at the location in summer 2020.
Lendlease would now like to hear from established retailers or food and beverage providers who are interested in new opportunities at Elephant Park. Current opportunities exist within the zones of Ash Avenue and New Kent Road & Chatteris Quarter. If you want to find out more about the development and its opportunities, visit the Elephant Park website.
More about Lendlease
Lendlease is a leading international property and infrastructure group whose vision is to create the best places; places that inspire and enrich the communities around them. As well as Elephant Park, Lendlease is also behind some of London’s largest and most exciting mixed-use regeneration projects like International Quarter London (IQL) in Stratford. In early 2018, it was appointed by Google as lead construction partner on its landmark new headquarters in King’s Cross and is responsible for the development of the Euston Over Station Development, working closely with the Department for Transport, Network Rail and the London Borough of Camden to optimise the outcomes for London and the UK.
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