Lendlease has been selected as the preferred bidder for the £4bn redevelopment of London Euston station
Subject to contracts being finalised, the company will work with the Greater London Authority and the London Borough of Camden to develop, and subsequently deliver, a masterplan for a 54-hectare site above and around the station.
Euston, which currently handles around 42m passengers, is being remodelled to accommodate HS2 high-speed rail services connecting Birmingham, Manchester and Leeds to London. HS2 is due to become operational in 2026.
The project comprises more than 400,00 sq m of commercial, retail, hotel and leisure space and will also deliver a “significant” number of new homes.
Dan Labbad, Lendlease’s chief executive officer for international operations, said: “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.”