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30/05/2019

Mixed-use scheme coming to Liverpool Street

Words: Laura Edgar
Crossrail at Liverpool Street / Crossrail

Transport for London (TfL) and Aviva Investors have completed a deal that will see a mixed-use scheme above Crossrail infrastructure and opposite the new Liverpool Street Elizabeth line station’s western entrance at 101 Moorgate.

The City of London granted Crossrail and Aviva Investors planning permission in 2012 for a six-storey mixed-use development, which includes more than 51,000 square feet of office space and more than 2,500 square feet of ground-floor retail space.

TfL has granted Aviva Investors a long lease, which it says will generate vital revenue that will be reinvested back into the transport network.

Graeme Craig, director of commercial development at TfL, said: “This site in the heart of London offers the potential for fantastic new office and retail space, supporting the city’s growth, and we are pleased to have concluded this transaction with Aviva Investors. 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.”

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

Development agreements have also been signed for:

  • Bond Street Station West – This will see Grosvenor Britain & Ireland develop 110,000 square feet of space above the western ticket hall.
  • Farringdon Station East – Helical plc will deliver a scheme, opposite the historic Smithfield Market, comprising 120,000 square feet (gross) of space, including offices, a terrace and a restaurant over six storeys.
  • Farringdon Station West – HB Reavis's scheme includes a 138,000 square feet combination of retail and office space.
  • Bond Street Station East – GHS Limited Partnership (one of Great Portland Estates plc’s joint ventures) will develop a 129,900 square foot mixed-use scheme.

Image credit | Crossrail

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