Transport for London (TFL) have announced plans to launch over-station projects at Bank, Paddington and Southwark which will be used as office spaces.
Helical has been selected by TTLP as the investment partner for this exciting London project, following a competitive procurement process.
All sites, which have already received planning permission, will host sustainable workspaces for the local community.
The developments will not only create revenue for TFL, but also help promote active travel.
Eco-friendly living is also at the core of the construction projects - with a major focus on net zero carbon and sustainable travel. For example, all three sites will have 900 bike spaces in total to encourage occupants to cycle more regularly.
The over-station development in Paddington is 19-stories high and located next to the new Paddington Elizabeth line station. It will offer both office and retail space. On-site developments are expected to start in 2026.
Bank’s development will be situated above the new station entrance on Cannon Street. This will be 40,000 sq ft and eight stories tall with a basement. Work on this development is expected to start next year.
Southwark’s over-station creation will be based above Southwark tube on the Jubilee line. We are expecting a 17-storey hybrid timer building, which is set to be one of the most sustainable commercial buildings in the UK. Construction will take place from 2025 onwards.
TTL Properties head of property development Scott Anderson said: “This new joint venture complements our wider commercial development programme, which will see us deliver thousands of new and affordable homes in London, develop our estate to support small businesses and train the next generation entering the construction industry.
“This partnership will also help deliver operational benefits and generate vital additional revenue, which can be reinvested into the transport network and help fund a safe, green and reliable public transport network.”
Looking for a job in construction? Give our team a call on 0203 856 4048.
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