Mixed use scheme to be built above Bond Street station

TfL and the GHS Limited Partnership (GHS) have signed a development agreement to build a mixed use scheme above Bond Street station's eastern entrance at Hanover Square.

The site will be transformed into an eight-storey mixed-use development, which will include 129,900 sq ft of office space and 2,300 sq ft of ground floor retail space.

The agreement enables GHS to acquire the site through the grant of two new 150-year leases, generating revenue that TfL , which, its says, it will reinvest back into the transport network.

Plans are also in place for 12 major developments above and around the new Elizabeth line stations and construction sites.

Today's announcement follows the signing of other development agreements earlier this year including:

• Bond Street Station West where an agreement has been signed with Grosvenor Britain & Ireland to develop 110,000 sq ft of floor space above the western ticket hall. The proposed scheme comprises six floors of office accommodation above the station, with an entrance fronting on Davies Street

• Farringdon Station East, where an agreement has been signed for the development over the eastern ticket hall with Helical Plc. The scheme, opposite the historic Smithfield Market, comprises 120,000 sq ft of office floor space over six-storeys

• Farringdon Station West, where an agreement has been signed for the development over the western entrance with HB Reavis. The scheme comprises 138,000 sq ft and will be a combination of retail and office space

Graeme Craig, Director of Commercial Development at TfL, said: “The arrival of the Elizabeth line will transform the connectivity of Hanover Square. As a key part of our huge development pipeline, the Elizabeth line schemes are directly opening up opportunities for new homes and jobs, and will raise vital revenue to reinvest in London's transport network.”