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26/09/2019

Deal signed for Liverpool Street mixed-use development

Words: Laura Edgar
Liverpool Street Elizabeth Line station, view from Eldon Street / Eric Parry

Transport for London (TfL) has completed a deal with Aviva Investors that will see a mixed-used scheme delivered opposite the new Liverpool Street Elizabeth line eastern station entrance.

The station entrance is at 1 Liverpool Street.

Subject to planning approval, Aviva Investors plans to deliver around 175,000 square foot of net lettable office and retail space. Once it is completed, TfL will grant the firm a long lease to generate revenue that TfL said it would reinvest in the transport network.

James Stevens, head of development, global real estate, at Aviva Investors, said: “This is undoubtably one of the best development sites in the City of London and we are excited to continue our partnership with TfL. Having the opportunity to develop top-quality buildings immediately above the east and west entrances to Crossrail Liverpool Street is both unique and exciting."

In total, plans are in place for 12 major developments above and around new Elizabeth line stations and Crossrail construction sites across the capital. Together, the development plans cover more than three million square feet of office, retail and residential space spread, including Paddington in the west and Woolwich in the east.

Graeme Craig, director of commercial development at TfL, said: “The development will support the city, so that it continues to thrive and grow. As a key part of our huge development pipeline, the Elizabeth line schemes are directly opening up opportunities for new homes and jobs, and will raise vital revenue to reinvest in London’s transport network.”

Image credit | Eric Parry

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