Seems Southwark Council and Lend-Lease, the Australian developer whose exclusivity deal for the regeneration of the Elephant and Castle lapsed earlier this month, have reached a new agreement, just in time for the July 22nd deadline.
From 'bd, The Architect's Website':
It is not clear how long the new exclusivity agreement is set to last, or when work will actually start. 80% of the Heygate residents have been moved out, and demolition is set to begin next year (last winter, demolition was supposed to start, well, now).
The drama continues . . .