|
Euston Estate |
Press Release18 October 2005
CONSULTATION LAUNCHED INTO EUSTON’S FUTURE
Sydney and London Properties, the company which owns and manages The Euston Estate comprising four office buildings adjoining Euston Station totalling over 350,000 sq ft, has today launched a community consultation into the future of the site. This follows an announcement last week by Network Rail that it will go to market on development proposals for Euston and Victoria by the end of this year.
The area covered by Euston Station and the adjoining Euston Estate is a prime development site, with a comparable area to Canary Wharf. Any redevelopment of the station is likely to increase rail capacity, enabling more commuters to arrive on site by rail from the north and by tube and bus from across London.
Taking both the station (owned by Network Rail) and the Euston Estate (owned by Sydney and London Properties) together, there is sufficient space for retail, office or residential development on a scale larger than the Broadgate development at Liverpool Street Station. The site currently contains approximately 30 retail outlets, a an outdoor seating area called The Piazza immediately outside the main pedestrian entrance to the station, an underground car park, a central Starbucks coffee house and decorative sculptures.
“The consultation we have launched today will help us listen to the views of people who live and work near Euston and their elected representatives. Any redevelopment will have to take account of their essential interests,” said Richard Anning, Managing Director of Sydney and London Properties.
“We will be feeding our findings back to Network Rail and the developers that they are working with, so that a scheme can be delivered which is not only commercially viable but also acceptable to the local community.”
FOR FURTHER INFORMATION CONTACT:
Shimon Cohen, The PR Office 0207 788 4100
NOTES TO EDITORS
|
|
|
© Copyright Sydney & London Properties Ltd 2006, All rights reserved.
|
Design, developed and hosted by