Real estate developer Sellar and rail group MTR are planning a £1.5bn redevelopment of the City of London’s Liverpool Street station.
The proposed scheme, for which the companies have entered pre-application discussions with the City of London Corporation, includes a £450m upgrade to capacity at the station, as well as office, retail and leisure space around and above the station. It will include 10 floors of workspace over the concourse and a public roof garden.
A consultation will start in the coming weeks, with initial proposals for the project expected in November ahead of an anticipated planning application next year.
Sellar, MTR and Network Rail are working with stakeholders including Transport for London and Hyatt – which owns the adjacent Andaz London Liverpool Street hotel at 40 Liverpool Street, EC2 – to bring plans for the Herzog & de Meuron-designed scheme forward. Hyatt’s hotel will be rebuilt as part of the development.
Sellar chief executive James Sellar said: “While working patterns have shifted post-Covid, passenger numbers are rebounding quickly, and it is vital we continue to invest in London’s transport infrastructure to ensure it is fit for the future.
“Poor commutes are a barrier to London’s growth, and it is extremely rare to have the opportunity to positively improve millions of passenger journeys every year.
“Our vision to significantly upgrade Liverpool Street station will alleviate its chronic capacity issues and future-proof it for generations at zero cost to the tax or fare-payer.”
He added: “Liverpool Street will be transformed into a destination in its own right.”
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