ISG is set to transform 135,000 sq ft at the former Waterloo International Eurostar Terminal into a new retail, leisure and cultural development
The construction company has been appointed by LCR to deliver the Waterloo development and is expected to create over 700 full-time equivalent jobs.
Plans to build a mezzanine level will sit below the existing platforms and forty new glass fronted units will be added across three floors.
Network Rail and the Department for Transport will deliver the Waterloo build.
The build is part of a wider redevelopment scheme of Waterloo Station where Network Rail is working to bring five former Eurostar stations back into use, enabling more services to run from the station.
Steven McGee, managing director of ISG’s Construction South business, said: “Securing this transformational project at Waterloo marks a significant milestone for ISG, as we approach eleven years since we delivered a project in excess of £90 million to fit out St Pancras Station, which included the new London terminus for Eurostar, retail and hospitality space and back of house facilities.
“This exciting redevelopment of Waterloo Station, the original home of Eurostar, utilises our knowledge and expertise delivering complex, live environment schemes within international transport hubs, alongside our credentials as the UK’s largest retail contractor – most recently completing the new Icon outlet centre at The O2.
“We understand the importance of this scheme for one of London’s busiest stations and its passengers, but also within the wider South Bank context, providing a high-quality retail destination that signals the next chapter in Waterloo Station’s development.”
Developer LCR will create new entrances towards South Bank to accommodate increasing numbers of travelers.
Duko Frankhuizen, development manager at LCR, said: “This development will create a major new mixed-use retail and social space on the South Bank that reflects the independent and creative spirit of Waterloo.
“Our vision is for a destination that is progressive and unique to this part of London, with a vibrant mix of independent and high street stores, complemented by an exciting food and drink offer.
“Waterloo is the UK’s busiest station serving over 100 million passengers each year,” he continued.
“With ISG onboard the development will give the former Eurostar terminal, which has been out of use for almost a decade, a new lease of life as part of a vibrant new shopping, cultural and leisure destination for Waterloo and the South Bank.”
Work will begin onsite in April 2019, with completion expected in early 2021.
