Salvation Army seeks £45 million for Elephant & Castle HQ

We reported in July that the Salvation Army intended to relocate its UK headquarters from the Elephant & Castle to new buildings next to its William Booth College at Denmark Hill.

Now the prime site on Newington Causeway – close to the Elephant & Castle junction – is on the market with an asking price of at least £45 million

Documents on a special website – www.101newingtoncauseway.co.uk – show how the site could be redeveloped as a "landmark scheme" with new homes, a hotel or student accommodation in buildings up to 39 storeys high.

As it seeks a buyer, the Salvation Army has held early talks with Southwark Council planners about the prospects of a residential scheme with 238 homes – or 630 rooms of student accommodation – in a 39-storey tower.

To meet Southwark planning policy, a 14-storey office building would be part of any scheme.