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SOUTHWARK LBC SELECTS CONSORTIUM FOR£1BN PROJECT

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A consortium headed by property developer Godfrey Bradman and architect Lord Foster is to redevelop a huge site at ...
A consortium headed by property developer Godfrey Bradman and architect Lord Foster is to redevelop a huge site at London's Elephant & Castle at a cost of£1bn, reported Sunday Business (p2). It has beaten off competition from two other bidders for the right to redevelop 170 acres of land around the area's notorious shopping centre, replacing the precinct and council estates that surround it with a 50-storey block and a huge offfice development.

Mr Bradley described the scheme as 'the most important regeneration project in central London'.

The winning proposal features 500,000 sq ft of office space, 4,500 homes and a shopping scheme, replacing the much-maligned, bright pink centre that currently dominates the area.

Mr Bradman's consortium, Southwark Land Regeneration, will build a transport hub linking tube, rail and bus facilities and a second 30-storey. His private company, European Land, will begin

work on the project in 2002, although it is unlikely to be finished until 2010 at the earliest.

Southwark LBC received proposals from 30 interested developers, whittling them down to three last September.

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