Lend Lease has applied to Southwark council for permission to build 593 homes and develop 3990 square metres of retail space at Elephant Park - the latest step in its £1.5 billion regeneration of the Elephant & Castle in south-east London.
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The deal is part of Lend Lease's push to expand its overseas construction business in urban regeneration projects.
Rob Heasman, Lend Lease's project director for Elephant & Castle, said the submission of the second phase for planning marks an exciting step in the regeneration of Elephant & Castle.
"We can already see the changes taking place in what will become one of the most sustainable places to live in central London, and the last major urban regeneration project in zone one of the underground," he said.
