Shortlist unveiled for £1bn station redevelopment

Network Rail (NR) has revealed two shortlists for the redevelopment of Euston and Victoria rail stations - believed to be worth around £1bn in total.

The work forms part of the rail operator’s £4bn plan to revamp stations across the network.

The shortlist for Euston, which is estimated to cost around £500m, is: British Land; Chelsfield Partners; Development Securities; Grosvenor; Hines; More London; and Stanhope.

The shortlist for Euston, again valued at £500m, comprises of: British Land; Development Securities; Grosvenor; Hammerson; Land Securities; More London; and Stanhope.

The firms will be asked to draw up indicative proposals for the stations over the next 12 weeks when a firmer idea of the projects and their value will be known.

NR expects to advertise works for the redevelopment of Waterloo station, valued at between £250m to £500m, later this year.