Delayed regeneration documents will allow shortlisted consortia to submit their proposals for £1.5bn regeneration of Elephant & Castle.

Southwark Council is a step closer to appointing a commercial partner for Elephant and Castle after it released the third and final set of tender documents today.

The documents will allow the three shortlisted consortia to submit their final proposals for the £1.5bn regeneration of the Elephant and Castle.

The move comes after Mallory Clifford, chief executive of one of the consortia Ocean Crest, criticised the council for dragging its feet on the project.

The documents contained the results of three years of design and technical assessment of Elephant and Castle.

The developers must send their submissions to the council by 31 October, and the council will make its final decision at the start of next year.

Key Property Investments, Land Lease Europe and Ocean Crest are the three consortia still competing for the £1.5bn regeneration of Elephant and Castle.