The Crown Estate has acquired a 50% stake in Lendlease’s six major UK projects, including the redevelopment above the new HS2 terminal at Euston Station. The joint venture aims to accelerate planning and project delivery, potentially creating up to 26,000 new homes and 900,000m² of offices and laboratories across the six sites.
Key Projects:
– Euston Station: Redevelopment above the new HS2 terminal, focusing on delivering housing and life science spaces.
– Birmingham’s Smithfield Market: Regeneration project aimed at creating new homes and commercial spaces.
– Silvertown Quays: Development in London’s Royal Docks, expected to drive growth and job creation.
– Thamesmead Waterside: Regeneration project focused on creating new homes and community spaces.
– High Road West: Development next to Tottenham Hotspur’s new ground, aimed at creating new homes and commercial spaces.
– Stratford Cross: Regeneration project expected to drive growth and job creation.
The Crown Estate’s CEO, Dan Labbad, said, “With strong support from local and national government, we look forward to working with Lendlease and others to realise the potential of these projects to create jobs, stimulate growth and positively impact lives, while also generating income for the UK.”
Labbad added, “As a country, we face challenges to unlock growth. To support this, we need to spark investment in sectors like science, technology, and housing, alongside deep collaboration across communities, government, and the private sector. This joint venture is an example of how The Crown Estate is harnessing its mandate to act in the UK’s long-term national interest.”
Image Courtesy: architectsjournal.co.uk
