Lendlease has announced it has been selected as the preferred bidder for a major redevelopment of London’s Euston station.
Subject to the finalisation of contracts, the multinational construction, property and infrastructure company will work with the Greater London Authority and London Borough of Camden to develop a masterplan for, and subsequently deliver, a 54-hectare site above and around the new station.
Currently catering for around 42 million passengers a year, Euston will be redeveloped
to house known as HS2 connecting the Midlands and the north of the UK to London, due to start operating in 2026.
The project comprises more than 400,000 square meters of commercial, retail, hotel
and leisure spaces, and will also deliver a significant number of new homes.
Lendlease chief executive of international operations, Dan Labbad, 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 benefits to local people, foster business growth and deliver new homes.”
He added: “Today’s announcement is consistent with our stated strategy to grow our development pipeline in gateway cities and increasingly reallocate capital to our international