Lendlease has won the race to become HS2 Ltd’s Euston Station master development partner (MDP) in a deal worth up to £40M.
The developer will now act as an advisor to ensure opportunities for a future over site development (OSD) are incorporated into the design of the high-speed station at an early stage.
Lendlease saw off competition from Argent Related and Canary Wharf Group together with Hong Kong based MTR.
On the bidding team, Lendlease worked with a mix of architects and engineers including consultants Arup and Aecom and architects - as revealed by New Civil Engineer’s sister title The Architects’ Journal - Grimshaw, Big, AHMM, Haworth Tomkins and Asif Khan.
The win, means Arup and Grimshaw will now work on both the OSD and the HS2 station design as announced earlier this month.
The government stands to net up to £4bn from the sale of the land around and above the station.
Last year, HS2 Ltd told New Civil Engineer that the 25-year MDP contract would be carried out in two stages. The first period, up until 2026, will see a potential developer for the site give HS2 Ltd advice about the preparations needed to optimise development opportunities. The government-owned land will then be sold for an estimated £2bn to £4bn.
The MDP will have the right to acquire a leasehold interest in the land for between 150 and 300 years.
HS2 chief executive Mark Thurston said: “The arrival of HS2 gives us a unique opportunity to transform the wider Euston station site, opening up the station to the surrounding community with new streets and public realm as well as opportunities to unlock thousands of new jobs and homes, anchored around a common masterplan vision.
“It was great to see such a strong competition and I’m pleased to welcome Lendlease to the team. Their experience of delivering some of the world’s most challenging transport and development projects will be vital as we move forward with this exciting new phase in the story of Euston station.”
Euston station is the most complex of the four stations which will be built by HS2 as part of its phase 1 route from Euston to Birmingham.
Canary Wharf Group and MTR are currently on the shortlist to build the HS2 station, it is not known if they will choose to pursue the bid having lost the MDP role.
The Euston development project will include a new interchange with the London Underground, combining Euston and Euston Square for the first time and including provision for a future connection to a potential Crossrail 2.
Lendlease was the developer behind the 2012 Athletes’ Village and the new International Quarter which is the “gateway” to the Queen Elizabeth Olympic Park.
Lendlease chief executive officer international operations Dan Labbad said: “We are proud and excited to be selected as preferred bidder to deliver the Euston OSD in partnership with HS2, Network Rail, London Borough of Camden, GLA and wider stakeholders.
“We believe this is a fantastic project in a key area of London which will provide opportunity for all and act as a catalyst for wider UK growth.”