Housing & Residential: London HUB and HIG Capital Secure Final Plot in Elephant Park Development December 2nd, 2024 Deividas Krupstas UK-based living sector developer HUB and global investment firm HIG Capital have acquired the final 1.2-acre plot in Lendlease’s landmark Elephant Park development for £42 million. This purchase marks the completion of land acquisitions for the £1.5 billion regeneration project in the Elephant & Castle area of South London.The acquisition represents a key milestone in the transformation of Elephant Park into a vibrant and sustainable community. Once complete, the development will deliver 3,000 new homes, over 50 shops, bars, and restaurants, modern office spaces, and public areas. At its heart will be a two-acre park, the largest new green space created in central London in 70 years.Sustainability is central to the Elephant Park vision. The project incorporates an energy hub supplying low-carbon heat and hot water and features homes designed to exceed UK energy efficiency regulations by at least 35%. It will also include some of the first Passivhaus-accredited new-build homes in Zone 1 London. These measures underscore the project’s commitment to creating a community that supports green living and environmental responsibility.Elephant Park is set to be completed by 2025, bringing significant changes to the Elephant & Castle neighbourhood. The development will contribute vital housing, jobs, and community spaces, solidifying its role in London’s broader urban regeneration efforts.
