Bank, Paddington and Southwark Tubes – Helical and TfL JV


Transport for London’s (TfL) property arm has appointed Helical to major developments above three London Underground stations. 

Bank station
Credit: Helical
by Rory ButlerFebruary 16, 2023

The developer will be TTL Properties’ (TTLP) joint venture (JV) partner on three over-station development sites at Bank, Paddington and Southwark. 

All three sites have full planning permission. 


  • 8-storey development on Cannon Street 
  • 140,000 sq ft office and retail  
  • external terraces and green roof 
  • start date: next year 


  • 19-storey building by Grand Union Canal  
  • 235,000 sq ft office and retail  
  • start date: 2026 


  • 17-storey hybrid timber building 
  • 220,000 sq ft office and retail  
  • external terraces  
  • start date: 2025 

The JV will buy leasehold interests in the sites from TfL and appoint individual property companies to each location, funded by equity and debt. 


  • JLL  
  • Herbert Smith Freehills LLP 

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