Lendlease Wins $7bn London Euston Project

Lendlease has been appointed to develop the multi-billion pound Euston station redevelopment project, beating out international rivals for the job.

The building giant will undertake an advisory role on the mixed-use development, which includes houses, ­offices and retail space above the revamped ­Euston station.

Currently catering for around 42 million passengers a year, Euston will be redeveloped to house new high-speed rail services – known as HS2 – connecting the Midlands and north of the UK to London, and is due to start operating in 2026.

Lendlease will work with the Greater London Authority and London Borough of Camden to develop a masterplan for the 54-hectare station site and take forward opportunities for sustainable mixed-use development once station construction is complete.

The project comprises more than 400,000-square metres of commercial, retail, hotel and leisure spaces, and will also deliver around 3,800 homes.

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“The redevelopment of Euston stands to be a real gamechanger for commuters across London and the UK,” Lendlease chief executive officer of international operations Dan Labbad said.

“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.

The new Euston station will provide high speed rail services from London to the Midlands, the North and Scotland.

As well as the 11 high speed platforms provided by the new plan, at least 11 platforms will remain in the current station to serve the existing network. There will be new public spaces for shops, restaurants and cafes.

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The project will also include a new interchange with the London Underground, combining Euston and Euston Square for the first time and including provision for a future connection to a potential Crossrail 2.

The redevelopment is also expected to unlock up to 1,700 new homes and 19,000 jobs around the wider station site.

Opened in 1837, Euston was London’s first inter-city train station. It was completely rebuilt in the early sixties and now caters for around 42 million passengers a year, more than double the design capacity of the current station.

The new station will be designed with input from local communities, using best practice principles from stations around the world, and guidelines and specifications endorsed by an independent panel of leading architects and designers.