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London Southbank University seeks development partner for £1.5bn Elephant and Castle campus revamp

London Southbank University has begun the search for a partner to help with the £1.5bn redevelopment of its Elephant and Castle campus in London.

The 10-year contract is expected to be initially worth up to £500m and will see new student accommodation and teaching facilities built on the 8,900 sq m site. The work also includes the construction of new conference facilities, offices and a reception for the university.

PQQs have now been sent out for the role, with interested companies required to hand in documents before 2 November.

Three bidders are expected to be shortlisted at the end of the year. This could then be cut down to two, before a preferred developer is awarded the contract next September.

London Southbank will grant a leasehold to the developer and allow the successful company to use remaining land for its own development.

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