Euston & Victoria then Waterloo to be redeveloped

[london lad]

http://business.timesonline.co.uk/ar...025083,00.html


E&Y to control vast railway station facelift
Dominic O’Connell and Mark Kleinman


NETWORK RAIL has recruited Ernst & Young to run a multi-billion pound redevelopment of its largest stations, starting with London’s Euston and Victoria.
The government-backed rail group, owner and operator of Britain’s rail network and its major stations, appointed E&Y on Friday. The contract had been hotly contested by two of the accountancy group’s rivals, KPMG and Price Waterhouse Coopers. Insiders said that the project would involve redevelopment work potentially worth several billion pounds.



E&Y will have the job of encouraging private investment in stations in the next decade. Programmes will follow the example of Broadgate, the City office complex built above the tracks leading into Liverpool Street station.

Network Rail has already begun the development of two other London terminals, Paddington and King’s Cross. Euston and Victoria are next, with the former having already attracted 13 expressions of interest from development companies. The two have seen little development in 40 years. Euston is used by 50m passengers a year, and Victoria by 115m.

The 15 acres at Euston means the footprint of the eventual development will rival the size of Canary Wharf. But the need to maintain protected views from Primrose Hill to St Paul’s Cathedral means that the buildings will be about 4.3m sq ft in size, compared with Canary Wharf’s existing estate of some 6m sq ft.

At Victoria station, a development of just under 1m sq ft is envisaged.

The list of developers vying for a role in the programme is a roll-call of the great and good in British property. Stanhope has expressed its interest, as has Elliott Bernerd’s Chelsfield, along with Sir John Ritblat’s British Land and Delancey, his son Jamie’s property group.

After Euston and Victoria, Network Rail and E&Y are expected later this year to put out tenders for the redevelopment of Waterloo.

The winning developers are expected to set up joint ventures into which Network Rail will inject its property assets. A similar programme of development is planned for 50 large regional hubs, and some of Britain’s smaller stations.

Last week the Commons public accounts select committee issued a report condemning the state of Britain’s dilapidated railway stations.

“Far too many small and medium-sized stations are threatening places, with poorly lit, graffiti-covered passages and platforms, vandalised facilities and no staff on hand. A third of the larger stations in England and Wales have no waiting rooms and there are no lavatories at some 15%,” said Edward Leigh MP, the committee’s chairman.

The report said the structure of the industry since privatisation in 1996 had given little incentive to train companies to improve facilities, and that stations had suffered because different industry bodies were at loggerheads.

Network Rail is a not-for-profit company that replaced Railtrack after it collapsed into administration in 2001. It has raised finance for railway investment through a series of long-dated bond issues, with its borrowings ultimately guaranteed by the government. Work has recently begun on Network Rail’s financing for the five-year period from April 2009.

Rail experts predict that a likely cut in government funding will mean the closure of some branch lines and loss-making routes.

[Paul of London]

One thing Euston could definitely do with is a decently-sized yard out the front for buses. The present bus station is far too small, is inconvenient for passengers and can't be fun for bus drivers as well.

[nick_taylor]

Building over the tracks like the article notes at Liverpool Street is an excellent idea and should be repeated elsewhere around the country. The revenue generated can aid for developments along the route which might not have been affordable earlier. Concentrating development around our stations will also see higher ridership and usage of shops and the like within stations thus increasing revenues and the ability to re-invest. Money can also be used to regenerate stations, modernise them and in the case of Euston and other bad sites: totally rebuild them. With Euston the station should be brought to where the current bus station is meaning demolition of those horrific office blocks. Not only does it bring the station closer to the street, but also to the underground station which is off to the side. The large plot of land where the approach tracks are could then be built over meaning money could be used to re-build Euston.

Below are images of the main termini in London. Note developments around them and potential along some stations approach tracks.


St Pancras & King's Cross



Liverpool Street



Fenchurch Street



London Bridge



Cannon Street



Waterloo



Victoria



Paddington



Euston

[potto]

Originally Posted by Paul of London

One thing Euston could definitely do with is a decently-sized yard out the front for buses. The present bus station is far too small, is inconvenient for passengers and can't be fun for bus drivers as well.

That bus station completely destroyed a historic square! It should go. The buses should stop along side the existing roads just like everywhere else... amusingly this would also increase the clarity of bus destinations ten fold compared to the existing unreadable loop.

[potto]

Compare this old map below with the image of Euston Square today shown in Nicks post above

See how this dramatic and area-defining place has been eroded
a) by the expansion/moving of Euston station South
b) by the pointless bus station
c) by the 2-th Century building creep on the South side of the square that completely knocks the grand St Pancras church out of context

Now the word 'Euston Square' is a just a small inconvenient Tube station and the real location is an unloved and desolate passage to the entrance of a railway station.

[samsonyuen]

Good news, Euston is very unattractive. Would they link Euston with Euston Square like Bank-Monument?

[nicksanderson]

Originally Posted by samsonyuen

Good news, Euston is very unattractive. Would they link Euston with Euston Square like Bank-Monument?

Adding a subway could make it all on larger Euston station - removing the Euston/Euston square confusion.


Whilst we're talking about Euston, and if any of you are geeks, you can see the location of the original now disused entrance to Euston Underground station if you leave the station by the side entrance (past platforms 14/15/16) it's the red boarded up building on the opposite side of Melton st.

[london lad]

Network Rail shortlists developers for revamp of London train stations

http://www.freemansnews.com/mainstory.asp?3414724

British Land Co PLC, Land Securities Group PLC and Hammerson PLC are among the property developers shortlisted by Network Rail Infrastructure Ltd for the planned revamps of Victoria and Euston railway stations in London.
Network Rail, the owner and operator of the UK's rail infrastructure, said it has asked the companies to draw up proposals for the two stations over the next 12 weeks.

The multi-million pound regeneration will involve new retail, office, residential and leisure developments, Network Rail said in a statement.

The shortlist for the Euston development comprises British Land, Chelsfield Partners, Development Securities PLC, Grosvenor, Hines, More London and Stanhope.

The Victoria shortlist comprises British Land, Land Securities, Hammerson, Development Securities, Grosvenor, More London and Stanhope.

[london lad]

http://www.networkrail.co.uk/Documen...SWML%20RUS.doc

[london lad]

http://business.timesonline.co.uk/ar...208853,00.html

Developers shortlisted for £1bn revamp of Euston
By Jenny Davey



BRITISH LAND, the FTSE 100 property giant, is to do battle with Elliott Bernerd and Sir Stuart Lipton’s Chelsfield Partners for the right to carry out a £1 billion-plus redevelopment of Euston station in London.



The developers are on a four-strong shortlist for the scheme, designed to transform Euston into a “destination station” packed with shopping and leisure opportunities.

The other two shortlisted parties are understood to be Development Securities and Hines, the US developer.

The mixed-use scheme, which could also include housing and offices, would span an area with a footprint equivalent in size to Canary Wharf in London’s Docklands.

Depending on the height of any project, the scheme could total between 100,000 sq m and 400,000 sq m.

Nothing has been decided about how a joint venture between Network Rail and the winning bidder will be structured but Network Rail’s share of profits from the scheme will be used to pay for improvements to the station, such as extra platforms.

Four developers have also been shortlisted for a smaller redevelopment of Victoria station in Central London. They are Land Securities and Hammerson, the FTSE 100 property groups, Development Securities and Stanhope, the private property company run by David Camp.

Network Rail, which says passengers will be able to carry on using both stations during the redevelopments, plans to pick a preferred bidder for each station by the end of this year.

The news came as Stanhope and Schroders came a step closer to winning the battle to carry out a 1.6 million sq ft regeneration project in Croydon, after the Secretary of State granted full planning permission for the Croydon Gateway scheme.

[Irish Blood English Heart]

I wonder how they'll keep Euston open during this redevelopment. I bet it will end up shut at weekends or something ridiculous like that

[london lad]

http://www.building.co.uk/story.asp?...de=3068529&c=0

Big names on developer shortlist for Euston and Victoria

Network rail challenge developers to come up with 'destination' stations that will trigger regeneration.

6 June, 2006

Network Rail has released a shortlist of some of the biggest names in development to carry out the upgrades to Euston and Victoria stations.

Companies delivering proposals and through to the next stage at Euston are, British Land, Chelsfield Partners, Development Securities, and Hines.

For Victoria the shortlist comprises Development Securities, Hammerson, Land Securities and Stanhope.

The developers will be asked to turn the two venues into 'destination stations' that can be catalysts for regeneration, via commercial development and new retail, office, residential and leisure facilities.

Network Rail's commercial property director John Pike said: "We have come a long way in this process since we announced our plans for Euston and Victoria, last year."

"Over the next few months we will be getting more detail from the candidate developers as we work through the proposals and decide on the best way to realise the opportunity at these landmark sites."

The remaining developers continue through the selection process with a view to a preferred partner for each station being selected by Network Rail by the end of the year.

[london lad]

Lol- seems no many are that fussed about these large developments-.

Anyway this from building .co.uk

"Land Securities has teamed up with architect Hamilton Associates for its bid to redevelop Victoria Station, and Stanhope has recruited John McAslan + Partners. Other developers declined to reveal which architects they had signed up."

If you got Hamiltons website they did a feasibilty study a couple of years ago for Victoria & theres an image of a collection of about 6 towers- No idea what the final design will look like as Westminster said a coupld of monhts ago that they didn't approve of a 40ish storey tower planned by Land Secs & said they wanted 12 storeys max.

They should be proper plans released for both Victoria & Euston by the end of the year.

[potto]

I fear that they will be just concentrating on the terminal buildings, the areas around them need the most drastic of interventions, especially in Eustons case