Euston regeneration partnership formed

Out-Law News | 10 Mar 2014 | 3:04 pm |

Property investor Sydney & London Properties has formed a partnership with US developer Related Companies to redevelop the area around London's Euston Station.

Sydney & London said it has updated its original Vision Masterplan for the Euston area, first published in 2008, to incorporate High Speed 2 (HS2). Sydney & London Properties act as project manager for the Euston Estate on the existing 12 acre station site, which is the proposed terminus for the HS2 rail link.

Subject to consent from the UK government to pursue the project, the development partners plan to create a new mixed-use town centre around Euston.

“We believe our proposal can provide the best outcome for all of Euston’s stakeholders and will continue to discuss our plans with the government and other stakeholders until a decision on the station’s future is reached,” said Sydney & London Properties' chief executive Richard Anning in a statement.

“We have long known that London is a world-leading market and are very excited by the opportunity to collaborate with Sydney & London Properties and the public sector to redevelop the Euston station area," said Related Companies' chief operating officer Kenneth Wong.

“We understand that all interested parties, including parliament, will undertake a thorough process of deciding on HS2 and the opportunity for over-station development. We look forward to contributing to that dialogue and are committed to seeing this process through to conclusion,” Wong added.