HB Reavis has secured a deal with Transport for London to deliver a major mixed-use development above Farringdon station.
TfL reached an agreement with the developer to build a 138,000 sq ft scheme above the station’s new Elizabeth line platforms to the west of the station.
The nine-storey mixed-use project will include a basement and ground floor of retail as well as seven storeys of office space, and is expected to be completed in 2020.
The Farringdon deal is the latest to be signed between TfL and developers for new oversite developments above the Elizabeth line stations.
Plans are in place for 12 major developments at Elizabeth line stations, which will cover more than 3m sq ft of development space and raise £500m for TfL.
In March Grosvenor signed a deal for a 110,000 sq ft development above Bond Street’s western ticket hall, while Helical Bar signed an agreement for a 120,000 sq ft office development above Farringdon’s eastern entrance.
Derwent secured the site above Tottenham Court Road’s eastern ticket hall in January, while Great Portland Estates has an agreement for a 325,000 sq ft scheme above Bond Street station.
HB Reavis TfL Transport for London Farringdon overstation development 1
Development deals are still up for grabs at Bond Street, Woolwich, Tottenham Court Road, Liverpool Street and the Limmo Peninsular in Canning Town.
TfL director of commercial development Graeme Craig said: “With the arrival of the Elizabeth line, Farringdon will become one of the best connected places in London.
“As a key part of our huge development pipeline, the Elizabeth line schemes are directly opening up opportunities for new homes and jobs, and could raise £500m to reinvest in London’s transport network.”
HB Reavis TfL Transport for London Farringdon overstation development aerial