Lendlease has won the race to become HS2 Ltd’s Euston Station master development partner (MDP) in a deal worth up to £40M.
The developer will now act as an advisor to ensure opportunities for a future over site development (OSD) are incorporated into the design of the high-speed station at an early stage.
Lendlease saw off competition from Argent Related and Canary Wharf Group together with Hong Kong based MTR.
There is a potential to deliver 22 hectares of development space over and around the station site as well as improving accessibility and creating new public and green spaces.
By taking a coordinated approach with station owners Network Rail and pooling publicly-owned land across the site up to 4.8m sq ft of new development could be delivered.
The firm worked with a broad consultant team including Prior and Partners, Grimshaw, Arup, BIG, AHMM, Haworth Tomkins, Asif Khan and AECOM.
The win, means Arup and Grimshaw will now work on both the OSD and the HS2 station design as announced earlier this month.
The main construction phase is due to begin in 2019 and five bidders have been shortlisted for the station.
Dan Labbad, Lendlease chief executive officer of International Operations, said: “We are proud and excited to be selected as preferred bidder to deliver the Euston OSD 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.”
The project will include a new interchange with the London Underground, combining Euston and Euston Square for the first time and including provision for a future connection to a potential Crossrail 2.
