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Transactions - FEBRUARY 22, 2018

Lendlease appointed development partner on £4b project

by Andrea Zander

Australia-based Lendlease has been appointed HS2 Ltd’s £4 billion ($5.6 billion) Euston Station master development partner by the Secretary of State for Transport and Network Rail.

Lendlease will work with the Greater London Authority and London Borough of Camden to develop a master plan for the 54-hectare (133-acre) station site. The arrival of HS2 will more than double the number of seats out of Euston during peak hours, providing much-needed extra capacity alongside an opportunity to improve accessibility and open up the station to the surrounding communities, creating new access routes, public and green spaces across the wider station site.

HS2 Ltd recently announced a shortlist of bidders in the running to build the station, and appointed Engineers Ove Arup & Partners, working with Grimshaw Architects, to take forward the design.

The main construction phase is due to begin in 2019 with the first HS2 services arriving in 2026.

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