14th Apr 2008 17:07
British Land Co PLC14 April 2008 AWARD WINNING ARCHITECTS APPOINTED FOR EUSTON STATION REDEVELOPMENT British Land and Network Rail, joint partners for the proposed £1 billionredevelopment and regeneration of Euston Station, have appointed two awardwinning architect practices to take forward the design. Allies and Morrison has been appointed Masterplan Architect to create a highlysustainable, integrated, mixed use scheme for the 15 acre site. An essentialpart of the brief is to develop a scheme which acts as a regeneration catalystfor both the major transport interchange and the wider Euston area. Foreign Office Architects has been appointed for the wholesale redevelopment ofthe station which last saw major investment in the 1960s. The team will consultwith rail operators and station users and seek to create a 21st Century facilitywhich increases capacity to match future demand and meets the growing needs andexpectations of the travelling public. The practice will work closely withAllies and Morrison on the integration of the station design within themasterplan. Development over and around the station will produce a mixed use scheme of morethat 3 million sq. ft of residential, commercial, retail and other uses. Sincebeing selected as preferred bidder, British Land has been working with NetworkRail to create a brief for the station and wider development, whilst engaging ininitial stakeholder consultation. The aim is to submit a planning applicationby early 2010 and, subject to planning permission, work could start in 2011. Nigel Webb, Head of Development at British Land, said: "We are excited to beentering the next phase for the regeneration of Euston with this inspirationaldesign team. Foreign Office Architects and Allies and Morrison have thecombination of creative flair, experience and rigour to take forward a 21stcentury design for Euston Station and the surrounding area. They will build onthe work carried out by architect Larry Oltmanns on the conceptual designs forthe project and the on-going stakeholder consultation process." Larry Oltmanns was a part of the team who worked with British Land on theoriginal competition for the site. He has continued working on the scheme sincefounding V3 Architects and Urban Designers last May and will continue in anadvisory role. Mick Martin, Director of Commercial Property at Network Rail, said: "Theseappointments are evidence of major progress in our plans to transform Eustoninto a station the 70 million people who use it every year rightly expect anddeserve. It is a further step forward in our plans to deliver successful andprofitable developments which deliver real improvements to stations andfacilities for surrounding communities." Notes to Editors About Allies and Morrison: Masterplanning is a major part of Allies and Morrison's practice much of whichis based around transport projects which include the redevelopment of King'sCross St Pancras Underground station, the Tottenham Hale interchange andfeasibility studies for the Crossrail project. The Allies and Morrison team willbe led by Graham Morrison. About Foreign Office Architects: Foreign Office Architects' expertise lies in combining technical innovation withdesign excellence. Amongst its award winning projects is the YokohamaInternational Cruise terminal in Japan. Current projects in the UK include theRavensbourne College of Art and Design, the Trinity EC3 office complex in Londonand large retail-led schemes in Leicester, Southampton and Sheffield. TheForeign Office team will be led by Farshid Moussavi. About V3: V3 was established in May 2007 by Larry Oltmanns, RIBA, AIA, a former DesignPartner of SOM London, and designer of such world-renowned projects as the HongKong Convention Centre and the competition-winning scheme for the NATOheadquarters in Brussels. Apart from the Euston Station redevelopment, V3 iscurrently working on a luxury high-rise residential tower in Moscow, a landmarkoffice building in Calgary, and a 3 million square foot mixed-use development inthe Royal Docks. About British Land British Land is the largest UK REIT by assets (£14.6 billion) with total assetsunder management of £18.4 billion, as at December 2007. The portfolio, focusedon the growth sectors of London Offices and Out of Town Retail, has the longestleases (average 14 years) and the highest occupancy rate (99 percent) of themajor UK REITs. Retail assets account for 58.8 per cent of the portfolio, 83per cent of which is in prime out-of-town locations. Offices account for 38.8per cent of the portfolio of which 99 per cent is London-based and includes a 5million sq ft development pipeline coming to fruition between now and 2011. About Network Rail Network Rail is the 'not for dividend' owner and operator of Britain's railwayinfrastructure, which includes the tracks, signals, tunnels, bridges, viaducts,level crossings and stations - the largest of which we also manage. We aim toprovide a safe, reliable and efficient rail infrastructure for freight andpassenger trains to use. In addition to London Euston, we are investing heavilyto transform Britain's busiest and biggest stations, from Edinburgh Waverley toBirmingham New Street, King's Cross, London Bridge and Victoria. British Land Media enquiries Laura De Vere Tel: 020 7467 2920. Mobile: 07739 292920 Network Rail Media Relations (National) Tel: 020 7557 8292/3. e:[email protected] Date: Monday, April 14, 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land