Lendlease has been awarded the contract to redevelop London Euston station in preparation for the arrival of HS2 services.
The multinational construction company was responsible for the iconic Athletes’ Village for the London 2012 Olympics and subject to the signing of contracts, will be appointed Master Development Partner.
The company will work alongside the Greater London Authority and the London Borough of Camden to deliver a transformed London Euston on a 54-hectare site in and around the new station.
In a recurring theme for HS2, this contract promises to deliver jobs and homes; approximately 19,000 jobs could be generated around the station site, while up to 1,700 homes could be built as a result of the station redevelopment.
Dan Labbad is the Chief Executive Officer International Operations for Lendlease. He said this ‘game changing’ project fits neatly with the company ethos of projects targeted.
He 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.
“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.”
The redevelopment is required given that HS2’s arrival in London will double the number of seats out of London during peak hours. This extra capacity with new access routes – making Euston one of the best connected parts of the country – needs the redevelopment to cater for the sheer size of the changes.
As well as providing capacity for extra trains and unlocking homes, the project undertaken by Lendlease will comprise of commercial, retail, hotel and leisure spaces.
More than a year since it was granted Royal Assent, phase one of HS2 is well underway and will provide a new connection from London to the West Midlands by 2026.