- June 1, 2018: Vol. 12, Number 6

To read this full article you need to be subscribed to Institutional Real Estate Europe

The value of Crossrail: London’s new rail project is ramping up residential opportunities

by Tom Berger

Crossrail has been labelled as one of Britain’s most ambitious transportation projects. From its humble beginnings in 2009 when ground was first broken in Canary Wharf, in the east of the city, it appears the finish line for the colossal £14.8 billion (€16.8 billion) project is finally in sight, with a completion date of December 2019 still on the cards.

Named in honour of Her Majesty the Queen, the Elizabeth Line — or Lizzie Line, as it is affectionately called by some — will bring far reaching economic benefits to Greater London. The 118-kilometre line will connect 40 stations, 10 of which are newly created. The line will span from Reading and Heathrow Airport Terminals in the west — to Abbey Wood and Shenfield in the east, and pass through the main London Stations of Paddington, Farringdon, Bond Street, Liverpool Street and Canary Wharf. It will offer significantly shorter transportation times, reducing existing travel times by an average of 15 minutes for commu

For reprint and licensing requests for this article, Click Here.

Forgot your username or password?