ISG to work on £200m Waterloo retail and leisure development in London

WCN Editorial Team 31 Oct 2018 EUROPE BUILDINGS

London and Continental Railways, a property development firm, has selected ISG to deliver its £200m retail, leisure and cultural development at Waterloo station in London.

Under the contract, worth more than £40m, ISG will transform up to 135,000ft² of space at the former Waterloo International Eurostar Terminal into a major central London retail and leisure destination.

ISG Construction South business managing director Steven McGee said: “Securing this transformational project at Waterloo marks a significant milestone for ISG, as we approach eleven years since we delivered a project in excess of £90 million to fit out St Pancras Station, which included the new London terminus for Eurostar, retail and hospitality space and back of house facilities.”

The scope of the work will include the development of 40 new glass-fronted units across three floors, including a new mezzanine level.

Work on the project will begin in April 2019, with completion anticipated in early 2021. The project is expected to create approximately 700 full-time equivalent jobs.

The project forms part of the larger redevelopment of Waterloo Station, where Network Rail is increasing capacity by bringing five former Eurostar platforms back into use for suburban trains.

The wider project team includes Arcadis as project manager, contract administrator and structural engineer; Corstorphine + Wright as an architect and lead designer; QODA as services engineer; and RPS as cost manager.

 McGee added: “This exciting redevelopment of Waterloo Station, the original home of Eurostar, utilises our knowledge and expertise delivering complex, live environment schemes within international transport hubs, alongside our credentials as the UK’s largest retail contractor – most recently completing the new Icon outlet centre at The O2.

“We understand the importance of this scheme for one of London’s busiest stations and its passengers, but also within the wider South Bank context, providing a high-quality retail destination that signals the next chapter in Waterloo Station’s development.” 

LCR development manager Duko Frankhuizen said: “This development will create a major new mixed-use retail and social space on the South Bank that reflects the independent and creative spirit of Waterloo.

“Our vision is for a destination that is progressive and unique to this part of London, with a vibrant mix of independent and high street stores, complemented by an exciting food and drink offer.”

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Image: ISG wins contract to work on Waterloo retail and leisure development in London. Photo: Courtesy ofISG plc.

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