Strategic partnership formed to take forward Waterloo Station and South Bank regeneration

Network Rail Property, Transport for London’s wholly owned property company Places for London and the London Borough of Lambeth have formed a strategic partnership to regenerate Waterloo Station and South Bank neighbourhood

Creation of the partnership follows publication last year of the Waterloo Station Vision, commissioned by Lambeth Council and Network Rail, which set out a series of long-term aspirations for both the station and the wider area.

Waterloo is the country’s fourth busiest station, located next to the cultural hub of the South Bank and home to major organisations including St Thomas’s Hospital, The Old Vic, Southbank Centre and BFI Southbank. This means the station needs to serve and connect the area’s growing workforce alongside tourists and leisure customers.

The partnership will explore opportunities to deliver a new station destination, improving the customer experience within and around the station environment.

Proposals position the station as an integral part of a wider regeneration plan. Working closely with key stakeholders and the local community, future regeneration will improve wider permeability, create iconic open spaces, alongside bringing forward the widest range of development and investment opportunities.

Robin Dobson, Group Property Director, Network Rail said, “This is a great step forward in combining both our resources and assets across Waterloo and South Bank. We will work with neighbouring partners to deliver a regeneration plan that unlocks huge growth and investment opportunities across the Borough, delivering the widest mix of uses and something very special for this important part of London for future generations to come.”

Graeme Craig, Director and Chief Executive, Places for London added, “Millions of people pass through Waterloo every year to work and explore the South Bank and beyond. Through this new collaboration, we can ensure those customers are getting the very best London has to offer as they travel through this historic transport hub. This a great opportunity for Places for London to work with Network Rail and the London Borough of Lambeth to provide a new and improved vision for the community and all who come to Waterloo."