Evolve Estates, part of the commercial property and investment collective M Core, has announced the acquisition of a 120,000sq ft retail and leisure space from Lendlease at Elephant Park, one of London’s major mixed-use regeneration projects in London, Zone 1.
Located in the historic Elephant & Castle area of central London, Elephant Park is a flagship development delivered in partnership between Lendlease and Southwark Council. The project has already provided nearly 3,000 new homes and is centred around a new park featuring mature trees and green spaces.
The retail and leisure space at Elephant Park brings together a unique mix of independent retailers that cover an array of global cuisines, cafés, fitness, leisure, bars and community purposes. In the last three months, Lendlease added 12 brands to Elephant Park ahead of sale, committing to over 40,500sq ft of prime retail and leisure space. National names include The Gym Group, Simply Fresh and Heavenly Desserts, while independent brands The Qube, Queer Comedy Club, The Book Elephant, EP Cuts, Jumping Bean, Jack The Chipper and Mabella have also taken space.
Sebastian Macdonald-Hall, Partner at Evolve, said: “We were attracted to Elephant Park’s scale and ambition. Lendlease has delivered a hugely successful regeneration project, creating new homes, offices, green spaces and jobs. We want to build on this by working with local stakeholders to develop a thriving and diverse community. This is a significant acquisition for Evolve, demonstrating our ability to invest, manage and develop the retail and leisure proposition within one of London’s largest regeneration areas. We made fourteen acquisitions in 2024, which form part of our growth plans. As a business, we will continue our growth trajectory for 2025, with further announcements coming soon. There is a high demand for space at Elephant Park, and we will soon announce exciting new operators building on the carefully curated tenant mix that blends local, independent, and national operators.”
