Transport for London (TfL) is looking for a developer to help it build a seventeen-storey office block on top of Southwark tube station.
The 75-metre project got the green light from the Southwark planning committee last year but now TfL need a commercial partner to help fund it.
The development is part of TfL’s plan to generate more money outside of fare revenue, which was slashed in the pandemic leaving the agency with a billion-pound hole in its budget.
The tower comes alongside a 25-home, fourteen-storey development a short walk away on the corner of the Cut and Hatfields that will be entirely social housing.
TfL is creating 36 new homes on a nearby site on Southwark Street, in a site that is also largely office and retail space.
The Southwark tube station site will be a timber-laminate hybrid, which TfL said would help make it one of the most sustainable office buildings in the world. Part of this comes from the fact it will be partially heated through excess heat from the station below.
The building is set to open in the next three or four years, provided TfL can find a developer for the site.
As part of the development, TfL will widen the pavement on the Cut, the street that runs past the station and intersects with Blackfriars Road.