Developer Southwark Land Regeneration this week denied it had walked off the £1.5bn Elephant & Castle regeneration scheme in south London.
The Godfrey Bradman-backed developer said it was still committed to the housing, retail and leisure scheme.

The SLR statement said: “SLR remains committed to this vision … SLR did not withdraw from this important regeneration project.”

Last week, development partner Southwark council announced that SLR had withdrawn from the scheme after a profit-sharing dispute.

SLR said the scheme would offer £180m worth of physical and social infrastructure in the area.

Building revealed last week that losing consortiums such as St George and London Amsterdam Countryside were considering rebidding for the scheme.

SLR was picked as preferred bidder for the project in summer 2000 – a final agreement on the scheme was due to be made last September.