London and Continental Railways: Owner of the ex-Eurostar North Pole Depot

"LCR is a UK Government-owned company. It has specific expertise in managing and developing property assets within a railway context, and in particular property assets associated with major infrastructure projects.

"In 1996 LCR won the contract to build and operate the high speed Channel Tunnel Rail Link (HS1) and to own and operate the UK arm of the Eurostar International train service. LCR delivered the award winning High Speed 1 (HS1) railway, including the rebirth of St Pancras International and new international stations at Stratford and Ebbsfleet. In 2010, LCR sold HS1 with its 30 year concession for the track and stations to a consortium comprising Borealis Infrastructure and the Ontario Teachers’ Pension Plan for £2.1 billion.

"Today, having divested of HS1, LCR’s primary focus is in the area of property development and land regeneration. LCR is a joint venture partner in two major regeneration programmes at King’s Cross, in partnership with Argent and DHL, and The International Quarter, Stratford City in partnership with Lend Lease. The King’s Cross and Stratford schemes together represent over 100 acres of development on strategically important brown field land and on completion will deliver two thriving new office districts, up to 2,350 homes and billions of pounds of investment to the capital.

"On 30 September 2013, LCR took over properties held and managed by the BRB (Residuary) Ltd (BRBR) prior to it being wound up. BRBR was created in 2001 to manage the majority of the remaining properties, rights and liabilities of the British Railways Board.

"LCR is a limited liability company that is wholly owned by the Department for Transport (DfT)."

HS2 Growth Partnership
"The new High Speed 2 line will connect London with the Northern Powerhouse and provide the opportunity to rebalance the economy by stimulating growth and regeneration in the Midlands and the North. Phase 1 will connect London and the Midlands, with new stations at Old Oak Common, Birmingham Interchange (serving Birmingham Airport and the NEC), and Birmingham Curzon Street in the City Centre. Phase 2 will serve the East Midlands, and the North, with stations at Manchester, Leeds and Sheffield.

"LCR has signed a Collaboration Agreement with High Speed 2 Ltd to establish the HS2 Growth Partnership to work with local authorities to bring forward development, in line with their local HS2 Growth Strategies. LCR offers development expertise to secure the right deals with developers and investors, and works with HS2 Ltd to ensure that station design fits with the local vision. Collaboration Agreements are also in place with the Homes and Community Agency and the Regeneration Investment Organisation, and with local authorities along the route, including the Old Oak and Park Royal Development Corporation, Solihull Metropolitan Borough Council, Birmingham City Council, Cheshire East Council and Manchester City Council."

Aerial view of proposed scheme at Old Oak Common Station
(HS2 Environmental Statement, Nov 2013)

Birmingham Interchange Station visualisation
(HS2 Environmental Statement, Nov 2013)

Visualisation of proposed Curzon Street Station, Birmingham
(HS2 Environmental Statement, Nov 2013)

North Pole Depot
"The Secretary of State for Transport owns the former Eurostar depot at North Pole, which is managed by LCR.

"North Pole depot was the London depot for Eurostar from 1994 until 2007. The depot site is adjacent to the Great Western Main Line between Ealing Broadway and London Paddington, on both sides of the West London Line, with which it has a connection. The depot became redundant in November 2007 when the London terminus of Eurostar services moved from Waterloo International Station to St Pancras International Station and maintenance moved to a new site at Temple Mills, near Stratford International.

"The Company is directed by the Department for Transport (DfT) to keep the facility safe and secure and to co-operate with proposals for the future use and development. The bulk of the depot is to be used by Agility Trains in connection with the Intercity Express Programme (IEP) to procure new trains to replace the Intercity 125 fleet on the East Coast Main Line and Great Western Main Line, as well as replacing other trainsets on long distance services from London. LCR is examining residential and commercial uses for the remainder of the site as well as exploring interim use opportunities."

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