Crossrail has integrated designs for 12 major property developments over and around its key central London stations. Development plans cover over three million square feet of high-quality office, retail and residential space.
The receipts from property developments are targeted to generate an income of approximately £500m as part of the core Crossrail funding strategy.
Six development partners are already working in partnership with us and we are seeking partners for the remaining six development opportunities. Planning consent has been obtained for ten schemes with only one further application to be submitted and a development framework brief under discussion on the final remaining site.
We plan to present learnings from our experience of these processes closer to the conclusion of the Crossrail programme, however details of the over site development portfolio are included in our Places and Spaces property development brochure.