MacDonald Egan [the guys who are hoping to redevelop the Brockley Cross scaffolding yard] and Stanhope will lead a £165 million redevelopment of Lewisham College's campus.
The release states:
"Currently the College operates from two sites - in Lewisham Way and Deptford Bridge, but will relocate all its activities to a 350,000 sq ft campus at Deptford Bridge when construction of two new buildings is completed by September 2012.
"Once the campus is finished, the joint venture, known as Deptford Bridge Developments, will also develop surplus land sites vacated by the College's move. The approximately 7 acres of surplus land has the potential for about 500 homes and commercial space to complement the College and contribute to the wider regeneration of Deptford and Lewisham."
In other words, this is confirmation that from 2012 the Lewisham Way campus will be converted in to a residential development, with some commercial space, probably a mix of retail and office space.