Helical

Helical awarded Farringdon Crossrail contract



Property developer Helical PLC has secured an agreement with Transport for London to deliver the office-led, over station development at Farringdon East with a GDV of more than £120m.


A new 150-year lease will be granted on handover of the site, which is due in this month shortly after construction is expected to commence.

The site has planning approval for a PLP-designed, six-storey office building comprising around 90,000 sq ft and incorporating a retail/restaurant scheme on the corner of Lindsay Street and Charterhouse Street, which will all sit above the Farringdon East Crossrail station.

The development will sit immediately to the east of Smithfield Market and boast views over Charterhouse Square and benefit from an extensive roof terrace with views looking towards St Paul’s Cathedral.

The development is expected to be completed in October 2019.

“We are a great believer in the potential of the area given the significant impact of Crossrail and due to the wealth of cultural and public realm improvements that are planned and underway locally,” said Matthew Bonning-Snook, property director at Helical PLC.

“Our adjacent office scheme overlooking Charterhouse Square, which is fully let, together with our Barts Square project, which delivers a new urban quarter to the City and Smithfield, further highlights this belief.

“We will deliver a stunning statement building enlivened by fine-scaled elevations inspired by the 19th-century warehouses that frame the historic Smithfield Market.”



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