British Land has been awarded the contract for one of the largest regeneration projects in London, the revamp of the Euston station in the north of the city. The redevelopment is valued at some £1 bn (EUR 1.4 bn) and will involve a 15-acre site around the station. The masterplan is part of an upgrade of London's railway stations by the company running the UK's train infrastructure, the Financial Times reported.
British Land has been awarded the contract for one of the largest regeneration projects in London, the revamp of the Euston station in the north of the city. The redevelopment is valued at some £1 bn (EUR 1.4 bn) and will involve a 15-acre site around the station. The masterplan is part of an upgrade of London's railway stations by the company running the UK's train infrastructure, the Financial Times reported.
The existing 1960s scheme will be scrapped down and replaced with a new one with an increased space for offices and retail area.
US property group Hines has been awarded the £360 mln redevelopment of London's Cannon Street railway station. Hines will create a 37,160 m2 office and retail scheme, whose construction is due to begin this summer and is scheduled for completion in 2010. UK's train operator Network Rail was advised by DTZ.
