Developers are planning a new landmark office building and significant public realm improvements outside London’s Waterloo railway station.
The original 1960s building on the site, Elizabeth House, will be completely replaced if the plan now undergoing public consultation goes ahead. The new building will comprise 1m sq. ft. of office space potentially housing 12,000 workers, plus shops and food establishments on a new ‘Waterloo Curve’ approach to the station at street level.
The scheme will feature a new entrance to Waterloo rail and underground stations connected to new public realm known as Victory Arch Square. It has been designed to serve as a high profile gateway to this part of London which is one of the capital’s busiest commuter arrival and departure points.
The development is being proposed by HB Reavis, a company with Slovakian origins now headquartered in Luxembourg and has been designed by Allford Hall Monaghan Morris (AHMM).
Kiran Pawar, Development Director at HB Reavis, describes the scheme as a “complete transformation of this strategically important site for London.”
Previous proposals for the site from other developers have not materialised, however.
The new proposal continues developers’ keen ongoing interest in redeveloping the areas around London’s mainline railway stations. King’s Cross/St. Pancras is already showing the considerable benefits of such redevelopment, while a similar scheme is underway for Paddington.
Waterloo station currently has a particularly unattractive and congested surrounding and it is difficult to see how the scheme will not make the area much more appealing to commuters, plus other investors and developers alike.