A Development Agreement has been signed between Transport for London (TfL) and the GHS Limited Partnership (GHS) to build a 12,068 sq m mixed use scheme above Bond Street station’s eastern entrance at Hanover Square. The eight-storey development will comprise 12,068 sq m of office space and 213 sq m of ground floor retail space. Plans are in place for 12 major developments above and around the new Elizabeth line stations and construction sites. In total, the development plans cover more than 278,709 sq m of office, retail and residential space between Paddington in the west and Woolwich in the east.
The site above Tottenham Court Road’s eastern ticket hall, on the corner of Oxford Street and Charing Cross Road, was handed over to Derwent in early 2018. Planning permission has been granted for 12,068 sq m of offices, 3,344 sq m of retail and a 3,716 sq m theatre – the first new West End theatre in a generation.
The Elizabeth line will redefine transport in London with quicker, easier and more accessible journeys when services begin in autumn 2019. Two hundred million passengers are expected to use the new line each year – more than all of London’s airports combined.
'The arrival of the Elizabeth line will transform the connectivity of Hanover Square. We’re delighted to have reached this agreement with GHS who will develop fantastic new office and retail space. As a key part of our huge development pipeline, the Elizabeth line schemes are directly opening up opportunities for new homes and jobs, and will raise vital revenue to reinvest in London’s transport network,' says Graeme Craig, director of commercial development at TfL.