It has been four years since we began our journey towards being a part of the regeneration of the Elephant & Castle. Following the formation of Southwark Land Regeneration Plc, a partnership between Frogmore and Godfrey Bradman and Nicholas Taylor, we have worked tirelessly to achieve what we believed to be the mutual objective with the London Borough of Southwark of providing a masterplan to meet the needs of the local community, produce a significant income for the local authority and yet make the whole exercise financially viable in our role as master developers. It took over a year from our selection as "preferred developer" to enter into the Cooperation Agreement and thereafter ten months have passed in negotiating the commercial terms. We fully understood the normal property risks associated with this exercise.
We had hoped that our proposal which was not approved last night would have been acceptable as it would have undoubtedly benefited the local community hugely. We hope that the £5m that we have spent to date will in some way provide the foundation for the local community to in the end receive the benefits they deserve.
We were throughout the process greatly encouraged by the cooperation and support which we received from a number of organisations and individuals locally together with the inspirational and inventive input from our professional consultants. We are disappointed not to be able to progress matters further at this stage.
Can anyone fill me in on the details of the disagreement? Why can't SLR and Southwark get along? The statement on the southwark.gov.uk website is a masterpiece of non-information. Presumably we can all stop getting excited/worried now, as nothing is going to happen at E&C for the foreseeable future. What a criminal waste of time, money & energy, though! Shame on all parties.
I agree - when all is said and done & not withstanding the issues around relocation of local residents, the regeneration would have knocked down possibly the worst estate in the Uk as well as breathing new life into the area as opposed to the traffic choked and pretty dodgy place it is at the moment.
I thought it was a great plan and felt that locals were involved, I especially thought the exhibition in the shopping centre of the different proposals was excellent. The re-location was a necessary consequence of regenerating the area and putting the traffic underground was a masterplan.
Any chance it will get revived after the elections??
Lets face it- anything involving the combined talents of that over-rated "delegate-then-take-the-credit-when-it-works-but-deny-all-knowledge-when-it-goes-wrong" bald fool who built the wobbly bridge, and Southwark Council was never going to get very far.