Elephant & Castle Shopping Centre to close on July 31st 2020. Herne Hill. Elephant and Castle’s shopping centre closed its doors for good last week – but what happens now? The shopping centre will close on Thursday 24th September at midnight September 2020 - Opening of Castle Square, Elephant Arcade and … Reply | Reply | ... May end up being a white elephant (ho ho) due to WFH takeover, but looking at it on a map it is nuts that somewhere closer to St Pauls than most of Islington is/was so run down. On 24 September 2020, Developer Delancey shut down Elephant and Castle Shopping Centre to make space for a large housing development. Originally a Lloyds Bank branch, it became part of the merged Lloyds TSB and was then rebranded as TSB when the banks split again in 2013 . Close. The centre’s doors are now locked, the iconic statue taken down for refurbishment before being temporarily installed in Castle Square, and businesses have either shut shop or been relocated. Elephant and Castle Shopping Centre is set to shut today (September 24) after more than 50 years. Elephant and Castle shopping centre demolition gets final approval. The centre, which became Europe’s first ever large indoor shopping mall when it opened in 1965, was closing in favour of “re-development” by Delancey and Southwark Council. ... What I like about the Elephant and Castle shopping centre is that it shows what London without capitalist market forces would be like. 246. As the sun went down on the 24 September, so did the shutters in the Elephant and Castle Shopping Centre, for the very last time. ... and has got the level of rents in the affordable homes down even further." Plans to bulldoze a shopping centre in Elephant and Castle have been approved amid opposition from locals. The TSB bank has told customers of its Elephant & Castle Shopping Centre branch that it will close down on 28 February 2020. 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