Transport for London’s (TfL) property arm has appointed Helical to major developments above three London Underground stations.
by Rory Butler / February 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.
Bank
- 8-storey development on Cannon Street
- 140,000 sq ft office and retail
- external terraces and green roof
- start date: next year
Paddington
- 19-storey building by Grand Union Canal
- 235,000 sq ft office and retail
- start date: 2026
Southwark
- 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.
Advising
- JLL
- Herbert Smith Freehills LLP
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