Transport for London commits to “building a greener London” with expansion of sustainable office portfolio

Transport for London (TfL) has announced that it is searching for a new joint venture partner to create a portfolio of three new commercial office developments at Bank, Paddington and Southwark.

Forming part of its wider commercial development programme, TfL is aiming to deliver sustainable commercial office developments that provide exceptional workplaces and positively impact the local community through this new joint venture partnership.

The three over-station developments included in the partnership are:

• Bank Over-Station Development – located above the new station entrance on Cannon Street, this eight-storey development, along with a basement, will include both office and retail space, measuring around 140,000 sq. ft.
• Paddington Triangle Over-Station Development – located by Grand Union Canal and close to the new Elizabeth line station at Paddington, this 19-storey building will deliver new office and retail space measuring around 235,000 sq. ft.
• Southwark Over-Station Development – located above Southwark Tube station on the Jubilee line, this 17-storey hybrid timber building is set to be one of the “greenest and healthiest” large-scale commercial buildings in the UK.

All three sites have received planning consent or resolution to grant planning consent and have the potential to target BREEAM Outstanding. The development at Southwark has been designed to achieve the WELL Platinum certification, alongside the BREEAM Outstanding rating.

The three sites will provide almost 900 cycle spaces which, combined with their close proximity to the public transport network, will encourage those who occupy the buildings in the future to travel sustainably.

This commitment to “building a greener London” is also reflected in the publication of TfL’s Sustainable Development Framework last year. The framework sets out TfL’s approach to “driving positive social impact, promoting economic development, and embodying environmental stewardship across its developments”.

Scott Anderson, head of property development at TfL, said: “We are delighted to be going to the property industry with this exciting opportunity and are looking for a partner to create best in class commercial office workspaces that will positively transform the capital and support its green recovery.

“This new investment and development partnership will form part of our wider commercial development programme, which seeks to build the homes and commercial spaces the city needs, while also generating vital revenue that reduces TfL’s reliance on fares income.”

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