ISG’s contract is worth £40m+ to  transform up to 135,000 sq ft of space at the former Waterloo International Eurostar Terminal into a new retail and leisure destination.

Work will begin onsite in April 2019, with completion expected in early 2021.

Forty new glass-fronted units will be created across three floors, including a new mezzanine level, and will sit below the existing platforms.

The scheme forms part of the wider redevelopment of Waterloo Station where Network Rail is increasing capacity by bringing five former Eurostar platforms back into use for suburban trains.

Duko Frankhuizen, development manager at LCR, said: “This development will create a major new mixed-use retail and social space on the South Bank that reflects the independent and creative spirit of Waterloo.

“Our vision is for a destination that is progressive and unique to this part of London, with a vibrant mix of independent and high street stores, complemented by an exciting food and drink offer.

“With ISG onboard the development will give the former Eurostar terminal, which has been out of use for almost a decade, a new lease of life as part of a vibrant new shopping, cultural and leisure destination for Waterloo and the South Bank.”

Steven McGee, managing director of ISG’s Construction South business, added: “Securing this transformational project at Waterloo marks a significant milestone for ISG, as we approach eleven years since we delivered a project in excess of £90 million to fit out St Pancras Station, which included the new London terminus for Eurostar, retail and hospitality space and back of house facilities.

“This exciting redevelopment of Waterloo Station, the original home of Eurostar, utilises our knowledge and expertise delivering complex, live environment schemes within international transport hubs.

The wider project team includes Arcadis as project managers, contract administrators and structural engineers; Corstorphine + Wright as architects and lead designers; QODA as services engineers; and RPS as cost managers.