TfL signs development agreement for space above Farringdon station

A development agreement between Transport for London (TfL) and HB Reavis has been signed which will see a 138,000 square foot, mixed-use scheme delivered above Farringdon station.The Farringdon station site in Clerkenwell will be transformed into a mixed-use development with ground floor and basement retail below seven storeys of high-quality office space including a terrace, a fitness facility, and cycle provision accessed directly from the nearby Cycle Superhighway connecting Elephant and Castle and King’s Cross. Construction is expected to begin later on in the year.Furthermore, plans are in place for 12 major developments over and around TfL’s new Elizabeth line stations and construction sites. In total, these development plans cover more than three million square feet of office, retail and residential space between Paddington in the west and Woolwich in the east. The developments are expected to raise £500 million for reinvestment in improving transport across London.