HS2 has launched the hunt for a development partner to deliver the regeneration of London Euston, NW1.
It is estimated that around 4.5m sq ft could be built on a 15-acre site with a build cost close to £2.5bn. The total regeneration area extends to up to 50 acres.
Deloitte is running the competition for Euston, which is seeking a master development partner to advise on and later bring forward homes, offices and shops above and around the revamped station.
The winner will work with HS2, Network Rail, the station design contract winner and local authorities to deliver a unified plan to unlock the full potential of the area.
The revamped Euston station will include 11 new platforms for HS2, as well as public space, retail and leisure. The first element of HS2, between London and Birmingham, is due to become operational in 2026.
Tom Venner, HS2’s commercial development director, said: “Euston has been the gateway to the nation and the nation’s capital for over a century. HS2 provides the opportunity for it to continue that role into the next century – and for the local community to be proud of that role.
“Together with our development partner, we aim to redevelop Euston in a way that will make it not just the nation’s hub, but London’s as well, the heartbeat of both the nation and the capital, fit for the 21st century and beyond.”
A separate procurement process has also launched to find station designers for Birmingham Curzon Street, Birmingham Interchange and Old Oak Common.
Bidders for both stations’ design and the Euston master development partner are expected to be shortlisted in the summer, with contracts signed early next year.
The stations’ design work will be split into three packages
Birmingham Curzon Street
A new station at Curzon Street will be built on the site of the former parcel depot next to the existing Moor Street Station and the Bullring shopping centre. Curzon Street is at the centre of Birmingham City Council’s Curzon Street masterplan, which includes 6.5m sq ft of employment space and 2,000 homes across Eastside and Digbeth.
Birmingham Interchange
A new station with four platforms close to the National Exhibition Centre. Local authorities are leading a development plan for around the station site, which is expected to include 4,000 homes.
Old Oak Common
HS2 will deliver a new station at the heart of one of the UK’s largest regeneration projects. Let by the mayor of London’s Old Oak and Park Royal Development Corporation, the regeneration aims to create up to 25,500 homes and millions of sq ft of business space across its 1,600 acres, spanning three boroughs.
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