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Euston Estate |
Press release5 June 2006
SYDNEY & LONDON PROPERTIES WELCOMES PROGRESS ON DEVELOPMENT OF EUSTON STATION
Sydney and London Properties Ltd, the company which owns and manages the Euston Estate today welcomed the announcement by Network Rail of a four strong shortlist for the redevelopment of Euston station.
“We are delighted the redevelopment of Euston station is progressing and such high profile developers have been selected as potential partners. We look forward to working with the company chosen by Network Rail,” said Richard Anning, Managing Director of Sydney and London Properties.
Earlier this year, Sydney and London published a report into stakeholders’ views on the future of Euston Station, following an extensive community consultation exercise.
“Our recent consultation shows our interest in the redevelopment of the local area for local people as well as those who pass through Euston station on their way to work. Any redevelopment will have to take account of their essential interests,” he continued.
“We will be feeding our findings back to Network Rail and the shortlisted developers, so that a scheme can be delivered which is not only commercially viable but also acceptable to the local community.”
The area covered by Euston Station and the adjoining Euston Estate is a prime development site, with a comparable area to Canary Wharf. The site currently contains approximately 30 retail outlets, 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.
ENDS
FOR FURTHER INFORMATION CONTACT:
Aaron Kliner, The PR Office, 0207 7383 3623
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