Agents appointed on Crossrail sites

Crossrail has appointed seven agents to a newly established framework to advise it on future development opportunities.

The group said that it wanted to generate around £500m for the Crossrail funding package by maximising the property development opportunities above its stations and on land currently being used to support Crossrail’s construction.

The firms appointed are BNP Paribas Real Estate, Cushman & Wakefield, Drivers Jonas Deloitte, DTZ, GVA, Knight Frank and Savills.

They will provide development advice for 12 sites, including Paddington Triangle, Liverpool Street station and Fisher Street worksite.

Crossrail Land and Property director Ian Lindsay said: “Crossrail is not just about the construction of a new railway, it is a huge opportunity to plan and implement developments that will regenerate and transform areas around our stations and other construction sites.

“We are already working with five developers to build high-quality retail, office and residential space above our central London stations. We are now turning our development focus towards other construction sites along the route to consider how we can best maximise the return for taxpayers while also creating developments that will benefit communities across London.”