October 9, 2014
Property developer Land Securities has released details of its 510,000 sq. ft. commercial property scheme on the site of the new Moorgate Crossrail station in the City of London. The mixed use scheme consists of two buildings providing 410,000 sq. ft and 100,000 sq. ft. of office space, a landscaped courtyard and a high level walkway linking the station site with the Barbican. Retail space will also be incorporated alongside the walkway. The scheme is part of a programme of development by Land Securities linked to the new line, which will provide a total of 1.1m sq ft around various Crossrail stations. The firms is expected to submit a planning application for the site later this year with work on the site expected to start in 2018 in parallel with the construction of the Crossrail station on site. As well as improving Greater London’s transport links, the £15 bn Crossrail project is seen as an important catalyst for property development in the capital.