TfL launches search for development partners to build commercial office projects

WCN Editorial Team 23 May 2022 EUROPE BUILDINGS

ransport for London (TfL) has launched the search for development partners to construct three new commerical office schemes at Bank, Paddington and Southwark.

These three sites have planning approval or resolution to grant planning consent and have the potential to target BREEAM Outstanding.

Bank Over-Station Development will be located above the new station entrance on Cannon Street. This eight-storey development, along with a basement, will feature both office and retail space, measuring around 140,000ft2, external terraces on fifth, sixth and seventh floors and a green roof.

Paddington Triangle Over-Station Development will be located by Grand Union Canal and close to the new Elizabeth line station at Paddington. This 19-storey building will provide new office and retail space measuring around 235,000ft2.

Southwark Over-Station Development will be located above Southwark Tube station on the Jubilee line. This 17-storey hybrid timber building, measuring around 220,000ft2, will offer a combination of commercial office space and retail space and has external terraces on most floors.


TfL property development head Scott Anderson said: “This new investment and development partnership will form part of our wider commercial development programme, which seeks to build the homes and commercial spaces the city needs, while also generating vital revenue that reduces TfL’s reliance on fares income.”

This partnership forms part of TfL’s wider commercial development programme, which will see thousands of new homes constructed on its land across the capital, providing 50% affordable housing on average across its complete portfolio.

Currently, TfL has over 1,700 homes under construction with work forecast to commence this year on 12 further sites that will deliver 2,400 homes.

 

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Image: These three sites have planning approval or resolution to grant planning consent and have the potential to target BREEAM Outstanding. Credit: Hands off my tags! Michael Gaida from Pixabay.

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