Lendlease Named Preferred Bidder For £4bn London Euston Redevelopment
Lendlease has been chosen as the ideal bidder for the £4bn redevelopment of London very own Euston station.
Dependant on contracts being confirmed, Lendlease will work with the Greater London Authority (GLA), as well as the London Borough of Camden to develop and deliver, a grand idea for a 54-hectare site above and around Euston station.
Euston station, which at this moment in time can handle 42m passengers approximately, is being redesigned to accommodate HS2 high speed rail services connect Manchester, Birmingham and Leeds to London. The HS2 is expected to be operational in 2026.
The project includes more than 40,000 square metres of commercial,
hotel, retail and leisure space and will also deliver a noteworthy amount of new homes.
Dan Labbad, Lendlease’s chief executive officer for international operations, stated: “The redevelopment of Euston stands to be a real gamechanger for commuters across London and the UK.
“Euston will be much more than a transport hub – and we’ll work closely with project partners to provide benefit to local people, foster business growth and deliver new homes.
“Today’s announcement is consistent with our stated strategy to grow our development pipeline in gateway cities and increasingly reallocate capital to our international operations.”