The joint venture between Helical and TfL’s property company Places for London has confirmed starts dates for major overstation residential schemes at Paddington and Southwark tube station.
Helical also revealed this morning it is looking at further schemes through its TfL joint venture, with the next scheme expected next to White City Tube station, where there was potential to unlocked a large PBSA scheme.
The developer said Mace would start its £200m overstation office scheme at Paddington Station’s eastern entrance in the first quarter of next year where enabling works is already underway ahead of the formal site acquisition in January 2026.
Paddington overstation scheme sits above the eastern entrance to Paddington Station, with a prominent canal side entrance
The innovative 19-storey, 235,000 sq ft office building will sit above the canal side entrance to Paddington Station and has been designed by architect Grimshaw.
Helical also confirmed it was progressing plans for a purpose built student block above Southwark tube station with work planned to start by the first half of next year, subject to building safety regulator Gateway 2 approval.
Revised overstation plan for Southwark tube station plan
The developer said it had now signed off forward funding for the 429 student studio and 44 affordable flats scheme.
Mace is understood to be also in line to deliver this job.
Announcing upbeat half-year results this morning, chief executive Matthew Bonning-Snook said the firm was seeing a strong uptick in demand for quality commercial space and an improving appetite from the investment sector.
Helical said it has submitted a planning application for a 55,000 sq ft office in Farringdon, located between two of our former successful developments, The JJ Mack Building and Kaleidoscope, and opposite the site for the new Museum of London.
