Delancey claims that providing the full 17.5% social rented housing required by planning policy is not viable as it would compromise its £137m protected profit margin. Southwark's Council’s planning committee was misled as to the maximum amount of affordable housing the scheme could viably provide. While Delancey said it could only afford to provide 116 social rented units we now know that with Mayor’s funding they could give us another 42 thereby meeting the minimum policy requirement. Read more..
Its diverse economy of small retailers are at the heart of the community and make Elephant & Castle the vibrant destination it is. Delancey has offered only 10% affordable retail space in its redeveloped shopping centre for existing traders and Lendlease doesn't want sullying its neighbouring 'Elephant Park' development (aka Heygate estate).Read more..
Delancey is turfing out the bingo hall and bowling alley. Whilst there will be new 'leisure' space in the reprovided centre, there are no explicit plans to ensure that a bingo hall or bowling alley are retained. The bingo currently provides social activity for 7,500 local pensioners which use the facility every week. Read more..
Delancey is using a network of shell companies registered in tax havens including Bermuda, Panama and the British Virgin Islands, in order to avoid paying tax. Southwark should not be making planning policy concessions for developers who don't pay their tax. Read more..