International law firm DAC Beachcroft has advised Lendlease on the sale of 120,000 square feet of retail and leisure space at Elephant Park, a flagship mixed-use regeneration project in central London.

The space has been acquired by Evolve Estates, which is part of the commercial property and investment collective M Core.

Located in Elephant & Castle, Elephant Park is being delivered in partnership between Lendlease and Southwark Council. The project, which will be net zero carbon in operation, has already provided nearly 3,000 new homes and 9,000 square meters of retail space, as well as 1,610 jobs for local residents.

The DACB team advising Lendlease was led by Partner Helen Murcott, supported by Senior Associates James Myles and Heather Tomlinson.

Alison Key, Head of DACB's Real Estate team, commented, "We are delighted to have supported Lendlease on this significant deal, and to have contributed to the continued success of the vibrant mixed-use destination, Elephant Park."

Guy Thomas, Head of Retail and Place Assets at Lendlease, added: “Lendlease has led the Elephant Park journey for over a decade, starting with the creation of Artworks and evolving it into the vibrant destination it is today. Its development is a source of great pride for the team, as we created a thriving community hub in Zone One, made possible by the exceptional local and national businesses that now call Elephant Park home. We look forward to seeing Elephant Park’s commercial ground floor flourish under Evolve’s ownership.”