Network Rail has picked a stellar cast of leading developers for its first-round shortlist of partners for major schemes around Victoria and Euston station.
Seven parties have been shortlisted for a potential 4.3m sq ft mixed-use development on 15 acres around Euston Station.
They are: British Land, Chelsfield Partners, Development Securities, Grosvenor, Hines, More London and Stanhope.
Seven parties have also been shortlisted for an 807,320 sq ft mixed-use redevelopment of Victoria.
They are: British Land, Development Securities, Grosvenor, Hammerson, Land Securities, More London and Stanhope.
A partner for one or both schemes will be announced later this year.
Network Rail’s deputy chief executive, Iain Coucher said: “We were impressed with the high quality of the companies that expressed interest in these schemes.
“Now with a shortlist in place for both projects, the competition begins for the once-in-a-generation opportunity to transform these stations and contribute to London’s growth.”
Network Rail’s ‘pre-qualification’ exercise where it asks the property marketplace for expressions of interest came to a close on 16 January.
The shortlists were drawn up under the OJEU tendering process and scored each company that expressed interest primarily on its a) financial capacity; b) track record; and c) technical competence and capacity.
Network Rail is being advised by Jones Lang LaSalle on Victoria and by DTZ on Euston.
References: EGi News 03/03/06
