People pass a hoarding surrounding the now closed down Elephant and Castle shopping centre which is due for demolition on 5th March 2021 in London, United Kingdom. The area is now subject to a master-planned redevelopment budgeted at £1.5 billion. A Development Framework was approved by Southwark Council in 2004. It covers 170 acres and envisages restoring the Elephant to the role of major urban hub for inner South London.