Lendlease wins Euston development role

Lendlease will be appointed as master development partner (MDP) for the Euston station project, which could unlock up to 1,700 new homes.

The construction firm behind the Queen Elizabeth Olympic Park development has been selected by the secretary of state for transport and Network Rail.

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 a sustainable, mixed-use development, once the station construction is complete.

The development of Euston comes as part of the construction of HS2 and Nusrat Ghani, HS2 minister, said that confirming Lendlease as its major partner was an important moment.

“We are setting out a strong vision for creating new homes and jobs, stimulating economic growth and building a modern development that will match the ambition and scale of HS2.

“Crucially, as we build Britain’s future railway we will ensure that communities are at the heart of our plans and share the transformative economic benefits on offer.”

Mark Thurston, chief executive at HS2, said the rail project gave it a unique opportunity to transform the wider Euston station site and open it up to the surrounding community, unlocking thousands of jobs and homes.

“It was great to see such a strong competition and I’m pleased to welcome Lendlease to the team.

“Their experience of delivering some of the world’s most challenging transport and development projects will be vital as we move forward with this exciting new phase in the story of Euston station.”

David Biggs, managing director at Network Rail Property, said it had a successful history of creating places and was excited to be working with stakeholders and landowners on the Euston development.

“Like our award-winning work at nearby King’s Cross, which attracted £2.2bn of private investment, including new offices, jobs and homes, we will work to transform Euston station to meet modern needs and act as a catalyst for wider regeneration.

“With this transformation and the arrival of HS2, Euston station quarter will become a new thriving London destination which meets the needs of passengers and local communities.”

Dan Labbad, CEO of international operations at Lendlease, concluded: “We are proud and excited to be selected as preferred bidder to deliver the Euston [over site development] in partnership with HS2, Network Rail, London Borough of Camden, GLA and wider stakeholders.

“We believe this is a fantastic project in a key area of London which will provide opportunity for all and act as a catalyst for wider UK growth.”

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