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Euston Estate |
Press Release6 February 2006
SYDNEY & LONDON PROPERTIES ENTERS RACE
TO DEVELOP EUSTON STATION
COMMUNITY CONSULTATION REPORT PUBLISHED
Sydney & London Properties is being considered amongst others as Network Rail’s development partner for Euston Station. The company has already acquired the four buildings to the south of the station entrance forming the Euston Estate. According to Richard Anning, Managing Director of Sydney & London Properties, the redevelopment “will transform the Station and the area around it, reclaiming London’s forgotten road, the Euston Road, in the interests of the Station users and the local community”. Mr Anning today announced that the Company have published a report into stakeholders’ views on the future of Euston Station, following an extensive community consultation exercise.
“This report gives a voice to the people who live and work near Euston. Any redevelopment will have to take account of their essential interests, so that a scheme can be delivered which is not only commercially viable but also having regard to local interests”, said Richard Anning. “The redevelopment of Euston Station and the Euston Estate could genuinely transform the area and the prospects of the workforce living in communities nearby as has happened at previous regeneration projects at London stations”.
“Gone are the days when major railway stations are merely a structure where people alight or depart. In the twenty-first century the area around such a transport hub can be a destination in itself. At the new Terminal Five at Heathrow there will be a major shopping complex. At nearby Kings Cross St Pancras there will be a fantastic mixed use development. With Network Rail we believe there can be created a scheme standing favourable comparison with any other such development in the World. The quality of the entire Euston area can be lifted so that it becomes a more attractive place to work, live and shop. Local people and politicians are looking for a joined-up development and I am confident that, working together with Network Rail, Sydney & London Properties is best positioned to deliver this.”
The consultation was conducted among community groups, business associations, elected representatives, religious communities, trade unions, the police and local residents between October and December following an announcement in September last year by Network Rail that it was going to market on development proposals for Euston and Victoria. The report, which was delivered to Network Rail on Tuesday, says local residents want the future developer to:
· “design out” crime from any future development
· make it easier for passengers to move between bus, taxi, tube and train modes of transport
· improve Euston’s retail offer so that it attracts local residents as well as travellers
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 and leisure travellers to arrive on site by rail from the north and by tube, tram 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, an outdoor seating area called The Piazza immediately outside the main pedestrian entrance to the station, an underground car park, catering outlets and decorative sculptures.
ENDS
FOR FURTHER INFORMATION CONTACT:
Shimon Cohen, The PR Office, 0207 7383 3623 or Adrian Pepper 07774 269755
COMMUNITY CONSULTATION REPORT (PAPER OR E-MAIL COPY)
HIGH RESOLUTION PHOTOS OF EUSTON STATION AND SURROUNDS AVAILABLE ON REQUEST
NOTES TO EDITORS
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