Plans submitted for £1.5bn transformation of Liverpool Street station

By
BE News Team

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Sellar, MTR and Network Rail have submitted a joint planning application to the City of London Corporation for a £1.5bn transformation of Liverpool Street station.

The proposals have been developed in collaboration with architectural practice Herzog & de Meuron following several years of discussions with the City of London Corporation and other key local stakeholders.  

The plans include a “world class” transport hub with new retail and leisure facilities, in addition to 800,000 sq ft of office space and 160,000 sq ft of hotel space using the airspace above the 1990s elements of the station and 40 Liverpool Street. 

The scheme will also offer more than 1.5 acres of public realm with a new public rooftop garden featuring natural planing and a four lane, 25m City Lido pool. 

James Sellar, chief executive at Sellar, said: “The upgrades to Liverpool Street station are essential in helping London maintain its status as a world-class city and encourage people back to the capital by significantly improving the experience for the station’s millions of users and commuters. The plans will create one of the most sustainable destinations in the Square Mile, including a rooftop garden and City Lido, both accessible to the public. 

“The office, hotel and leisure components above the station will be designed with the highest environmental and wellness credentials and will enable the £450m of vital station upgrades at no cost to passengers or the taxpayer.

“Our entire approach prioritises protecting and enhancing the historic elements of both the Great Eastern Hotel and of the station itself. The original Victorian railway sheds at Liverpool Street station will not be touched but will be celebrated by opening up new views to and through them.”

Robin Dobson, group property director at Network Rail, added: “Our plans for Liverpool Street will create a new transportation hub and a seven-days-a-week retail and cultural destination in its own right. This comprehensive plan will ensure the redevelopment is accessible to all, forward-looking and meet the City of London’s needs. Liverpool Street station will stand as one of the great stations, fit for the 21st century.

“The current experience designed in the 1980s falls very short and needs to change. Our vision will guarantee that sustainable travel and an exceptional experience becomes the reality for future generations. We will move from an inaccessible and overcrowded station to one centred on people, ensuring an open, accessible destination for everyone.”

Steve Murphy, CEO at MTR UK, said: “Our vision is to create a world-class gateway to our great capital. The upgraded station and surrounding environment will serve everyone who passes through, providing an inclusive, accessible, and transformative space.

“MTR has unique experience in rail-related property projects and is proud to be part of creating a sustainable landmark destination that will connect, build, and support thriving communities. Our proposal will greatly enhance the experience of passengers, visitors, and office workers. Importantly, the local community will also gain significant advantage from access to new facilities, cultural offerings, and unique public spaces both in and around the station.”

A decision on the plans is expected in 2024.

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