Latest news with #EustonStation
The Sun
11 hours ago
- The Sun
Travel chaos at Euston station with trains axed after derailment – as passengers face long delays
TRAVEL chaos has been caused at Euston station after a train derailment, with passengers to face long delays to journeys today. The train derailed at "low speed" near Milton Keynes in Bletchley today. 1 Commuters can expect significant travel days of around 90 minutes through London Euston Station. No passengers were on the train and no injuries have been reported, according to London Northwestern Rail. National Rail warn a major disruptions are expected until the end of the day, as some lines have been closed. In a statement on their website, the train provider said: "Trains running through this station may be cancelled, delayed by up to 90 minutes or revised." Several trains are experiencing delays of over 90 minutes since the incident occurred. These include trains to Manchester Picadilly, Glasgow Central, Chester, Edinburgh, and Liverpool Lime Street. Avanti West Coast said people may use their ticket on the following services: Chiltern Railways between London Marylebone and Birmingham Moor Street CrossCountry between Reading and Edinburgh (via Birmingham New Street) East Midlands Railway between London St Pancras International and Sheffield / Derby, and between Sheffield and Manchester Piccadilly / Liverpool Lime St (via Stockport) LNER between London King's Cross and Edinburgh TransPennine Express between Preston and Manchester Piccadilly / Glasgow Central / Edinburgh, and between Manchester Piccadilly and Leeds London Northwestern Railway between Rugby and Crewe / Liverpool Lime Street (via Nuneaton or Birmingham New Street), and between Crewe and Stoke-on-Trent Northern between Manchester and Stoke-on-Trent / Crewe, both directions until the end of the day, and also between Carlisle and Newcastle, in both directions until further notice ScotRail between Glasgow Central and Edinburgh in both directions until further notice London Northwestern Railway said its customers can use their tickets on the following routes:
The Independent
19-05-2025
- Business
- The Independent
Crown Estate strikes deal to back London Euston redevelopment
The Crown Estate has struck a deal with Australian developer Lendlease to back major projects including redeveloping London's Euston station. The monarch's property company has agreed to take a 50% stake in the new joint venture, overseeing six development schemes in the capital and Birmingham. This includes a 60-acre transformation of the space above and around Euston station, creating cafes, shops, leisure facilities and some 2,000 apartments. Lendlease, which is working on a master plan for the development, has estimated it could cost 11.2 Australian dollars (£5.4 billion) and take until 2040 to complete. The project has been marred by delays and uncertainties around the accompanying plans for HS2, which is expected to reach Euston despite the work being suspended. The cost of building the high-speed railway between London and the West Midlands has been estimated to be around £80 billion. The Crown Estate's joint venture with Lendlease means it will have a stake in four other major London schemes – development of the Silvertown waterside neighbourhood in east London, three land plots in Stratford Cross, the 11,500-home Thamesmead Waterfront project, and the High Road West scheme near Tottenham Hotspur's stadium. The portfolio also includes the 3.7 billion Australian dollar (£1.8 billion) development of the Smithfield site in Birmingham, which aims to create more than 3,000 homes. The firms estimate that the projects have a combined value of up to £24 billion, and have the potential to create about 100,000 jobs and 26,000 homes. The Crown Estate is an independent company that belongs to the monarch for the duration of their reign, with a £16 billion portfolio of property that spans the country, including London's West End. Profits are partly used to fund the work of the monarchy. Chancellor of the Exchequer Rachel Reeves said: 'We are pulling every lever to grow our economy so we can put more money in people's pockets, boost home ownership and make Britain a global hub for life sciences through our plan for change.' Crown Estate chief executive Dan Labbad said: 'With strong support from local and national government, we look forward to working with Lendlease and others to realise the potential of these projects to create jobs, stimulate growth and positively impact lives, while also generating income for the UK.'
Telegraph
15-05-2025
- Business
- Telegraph
King set to back Euston redevelopment despite HS2 struggles
The King's property company is in talks to buy a slice of the struggling £5.5bn development over London's Euston station, in a vote of confidence in the struggling project. The Crown Estate is drawing up a deal with Australian development giant Lendlease for a 50pc stake in six major British projects – worth a combined £22bn in end value. The partnership would aim to attract more investment to the projects. The deal includes the redevelopment of the area around Euston station, where developers want to build more than 6m sq ft of science and innovation space, offices and homes. The King's seal of approval would be good news for Rachel Reeves, who has pledged to 'turbocharge' investment into projects in Britain. Ministers have been on a drive to attract overseas money to the long-stalled Euston scheme, with the Chancellor announcing in October's Budget that the Government would take the High Speed 2 rail route through to London Euston station. The plan was stalled two years ago when the previous Conservative government claimed HS2 would end in west London unless private investors rode to the rescue with cash to regenerate the area. Construction of the redevelopment's accompanying HS2 station and tunnels has been long beset by delays, with costs soaring to more than £7.5bn, which has been putting investors off. Locals have complained that the Euston area has been blighted since the first clearance work for HS2 kicked off in 2018, while it emerged this week that the troubled London-Birmingham route has been pushed back by up to six years and may now not be completed before 2039. Meanwhile, Mark Wild, the rail project's chief executive, said in a report to ministers that the cost of completing HS2 has soared to £81bn in 2019 prices, according to Rail magazine – which would be more like £102bn after adjusting for inflation. Property tycoon Michael Gross also warned last month that the taxpayer risked footing a multibillion-pound bill to turn Euston station into a HS2 terminus, warning there is 'no chance whatsoever of raising that money privately'. The Euston redevelopment has also been mired in uncertainty since Lendlease set out plans to exit the UK last year. The company, which is listed in Australia, is partway through a restructuring. It faced considerable pressure from shareholders last year to improve its trading performance by overhauling its operations, including its activities in the UK. The company said in a trading update that talks with the Crown Estate to establish a 50-50 joint venture, first reported by property news website Green Street News, are in the 'late stages'. The deal would herald The Crown Estate's first foray into construction projects focusing on regeneration on brownfield sites. One of Britain's biggest landowners, the estate manages the seabed and much of the coastline around England, Wales and Northern Ireland. In recent years, it has made huge profits from renting out the seabed to wind farms. It also owns Ascot racecourse, 200,000 acres of prime farmland and swathes of central London, including Regent Street and St James's. The development portfolio also includes the £1.9bn, 42-acre Smithfield Market redevelopment in Birmingham, slated to turn the city's former markets into more than 3,000 homes, as well as shops and offices, and the £4.9bn Silvertown Quays development within London's Royal Docks. The estate, which manages King Charles's landholdings on behalf of taxpayers, would also have a stake in the £8bn Thamesmead Waterside development, a 250-acre site in south-east London slated for 11,500 homes; a £1bn, 2,500-home scheme called High Road West, opposite Tottenham Hotspurs's stadium; and the Stratford Cross redevelopment in East London's 2012 Olympic and Paralympic Games district. The projects will collectively create more than 25,000 homes and over 9m sq ft of commercial space. Dan Labbad, the chief executive of the King's £16bn property portfolio, will be familiar with the projects in question, having previously worked at Lendlease as chief executive of its European business. A spokesman for The Crown Estate said: 'We do not comment on market speculation.'
