Crown Estate and Lendlease Launch £24bn UK Development Partnership
- Michael Ghobrial
- May 19
- 2 min read
The Crown Estate and Lendlease have formed a 50/50 joint venture to develop six major sites across London and Birmingham. This partnership aims to deliver approximately 26,000 homes and 10 million square feet of commercial and laboratory space, with a total estimated value of £24 billion.
Key Development Sites
Euston Station, London: 60 acres planned for 4.3 million sq ft of commercial space and 2,000 homes.
Silvertown, London: 60 acres with plans for 1.3 million sq ft of commercial space and 6,300 homes.
Smithfield, Birmingham: 40 acres intended for over 2 million sq ft of commercial space and 3,400 homes.
Stratford Cross, London: Three plots totalling more than 1.6 million sq ft of commercial space.
Thamesmead Waterfront, London: 250 acres set to deliver over 11,000 homes and 880,000 sq ft of commercial space.
High Road West, Haringey, London: 27 acres with plans for over 100,000 sq ft of commercial space and approximately 2,800 homes.
Main Contractor
Lendlease: Serving as the development manager for all six projects.
Subcontractors
As of now, specific subcontractors for these projects have not been publicly announced. Details will be provided as they become available.
Sources
The Crown Estate and Lendlease sign transformational partnership for six major development projects
Reuters: UK's Crown Estate signs deal with Lendlease to develop housing and science hubs
Construction Enquirer: Ex-Lendlease boss seals £24bn Crown Estate mega sites JV
BBC News: Crown Estate strikes deal to redevelop Smithfield
Disclaimer
The information provided in this article is based on publicly available sources and is intended for general informational purposes only. Emilecon does not guarantee the accuracy or completeness of this information and assumes no responsibility for any errors or omissions. Readers should conduct their own due diligence before making any business decisions.
