The three sites at Bank, Paddington and Southwark come with planning consent or resolution to grant planning consent and have the potential to target BREEAM Outstanding.
The three over-station developments in total are expected to provide more than 600,000 sq ft of development space.
Bank Over-Station Development – located above the new station entrance on Cannon Street, this eight-storey development, along with a basement, will include both office and retail space, measuring around 140,000 sq ft with external terraces on fifth, sixth and seventh floors and a green roof
Paddington Triangle Over-Station Development – located by Grand Union Canal and close to the new Elizabeth line station at Paddington, this 19-storey building will deliver new office and retail space measuring around 235,000 sq ft
Southwark Over-Station Development – located above Southwark Tube station on the Jubilee line, this 17-storey hybrid timber building is set to be one of the greenest and healthiest large-scale commercial buildings in the UK. Measuring around 220,000 sq ft, it will provide a mixture of commercial office space and retail space and has external terraces on most floors
Scott Anderson, Head of Property Development at TfL, said:“This new investment and development partnership will form part of our wider commercial development programme, which seeks to build the homes and commercial spaces the city needs, while also generating vital revenue that reduces TfL’s reliance on fares income.”
This partnership forms part of TfL’s wider commercial development programme, which – alongside new commercial office developments – will see thousands of high-quality new homes built on its land across the capital – delivering 50 per cent affordable housing on average across its entire portfolio.
TfL currently has more than 1,700 homes under construction with work forecast to start this financial year on 12 additional sites that will deliver a further 2,400 homes.
The agent for the opportunity is JLL. Interested developers can access documents on TfL’s ePortal.
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