Aviva Investors, the global asset management business of Aviva PLC, has entered into a development agreement with Transport for London (TfL) to build a mixed-use retail and office building opposite Liverpool Street Elizabeth Line Station.
Subject to planning approval, the Eric Parry designed scheme will provide 175,000 sq ft of office and retail space over ground and ten upper floors. The deal builds on Aviva Investors’ ongoing development project with Crossrail at 101 Moorgate. Aviva Investors ongoing development at the western entrance at 101 Moorgate is complimented by the new Liverpool Street Station deal which will see development at the new eastern entrance to the Elizabeth line at Liverpool Street Station.
James Stevens, Head of Development, Global Real Estate, at Aviva Investors, says: “This is undoubtably one of the best development sites in the City of London and we are excited to continue our partnership with TfL. Having the opportunity to develop top quality buildings immediately above the east and west entrances to Crossrail Liverpool Street is both unique and exciting. This transaction marks another significant step in repositioning the Aviva Investors Real Estate portfolio for growth and is set to benefit from a rapidly evolving City of London.”
Gaeme Craig, Director of Commercial Development at TfL, says of the deal: “This site in the heart of London offers the potential for fantastic new office and retail space, supporting the city’s growth, and we are pleased to have concluded this transaction with Aviva Investors. 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.”