The Mayor of London has urged potential developers to come forward and express an interest in a huge new project in the Elephant and Castle area of the capital.
The Newington Butts scheme is due to see a 45-storey mixed-use tower block including 470 apartments built on public land owned by the Greater London Authority. The land used to be home to the London Park Hotel.
Boris Johnson wants developers to express an interest in working on the 0.49 hectare site as part of efforts to turn it into a town centre that offers employment as well as higher quality homes, better transport links and community facilities for residents.
The plans also include a new 150-180 audience capacity theatre and a cafe.
"We're looking for a developer with the know-how, financial clout and the ambition that this fantastic project deserves and that will help to make this historic part of London an even better place to live, work and visit," he said.
The project has been designed by leading architects Rogers Stirk Harbour + Partners and is one of numerous property investment projects and other developments aimed at breathing new life into the Elephant & Castle Opportunity Area.
Developers have until 22 October to submit their expressions of interest to city hall.
Copyright Press Association 2012
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