The winner will advise on – and later develop – sustainable, mixed-use opportunities, including new homes, offices and retail space around the revamped London Euston.

The winner will work with HS2 Ltd, Network Rail, the station design contract winner and local authorities to deliver a unified masterplan.

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The shortlist for the Euston master development partner contract includes:

• Westfield Europe Ltd
• Euston Regeneration Partnership (led by Argent Related Services LLP)
• Canary Wharf Group
• Land Securities Property Holdings Limited
• Lendlease Europe Holdings Limited.

The scheme has the potential to deliver up to 22 hectares of development space as well as new public and green spaces across the site.

David Biggs, managing director at Network Rail Property, said: “This brings us another step closer to realising an exciting and vibrant new district in the heart of London.

“The opportunities are vast.

“A regenerated Euston station not only affords us the ability to improve connectivity and exceed the expectations of those travelling by train.

“It also allows us the rare chance to create new space for homes and businesses, to craft a desirable destination for people to live, work and meet.

“The new station can be a catalyst for local regeneration and increase connection across the local community, bringing huge benefits both to the area itself as well as the country as a whole.”

Contracts for the station designs and the Euston master development partner will be awarded early next year.