Conservation & Heritage Issue 49 October 2025 - Flipbook - Page 27
The Crown Estate & Lendlease
sign tr ansformational
partnership for six major
development projects
The Crown Estate and Lendlease have entered into a conditional agreement to create a new
joint venture partnership focused on Lendlease’s undeveloped UK land management portfolio.
The Crown Estate’s investment in the new 50/50 joint
venture aligns with two of its core areas of strategic focus;
supporting the development of science, innovation and
technology space, and unlocking housing in the UK.
The partnership should progress Lendlease’s existing
masterplanning across the developments, thereby providing
vital infrastructure, stimulating growth, creating jobs and
benefitting communities.
About the Joint Venture
The joint venture has the potential to deliver over 10
million square feet of workspace including cutting-edge
science, innovation and technology spaces, more than
100,000 jobs and circa 26,000 new homes – including
rental and affordable – set across a programme of real
estate development with a Gross Development Value of up
to an estimated £24 billion.
Lendlease will continue to act as the development manager
across the portfolio. The Crown Estate will use its position
to support the joint venture’s establishment, working
closely with Lendlease and other partners over the months
ahead to help satisfy the conditions required to complete
the agreement.
I
The portfolio contains six development schemes across
London and Birmingham:
• l 60 acres above and around Euston Station in
London, with the potential to deliver circa 4.3m sq ft
of commercial space and 2,000 new homes.
• l 60 acres in Silvertown in London, with the potential
to deliver circa 1.3m sq ft of commercial and 6,300
new homes.
• l 40 acres in Smithfield in Birmingham, with the
potential to deliver over 2m sq ft of commercial space
and 3,400 new homes.
• Three land plots in Stratford Cross, London,
with the potential to deliver over 1.6m sq ft of
commercial space.
• l 250 acres of residential space in Thamesmead
Waterfront, London, with the potential to deliver over
11,000 homes and 880,000 sq ft of commercial space.
• l 27 acres in High Road West in Haringey, London,
with the potential to deliver over 100,000 sq ft
commercial space and around 2,800 new homes.
Conservation & Heritage Journal
25
I
