Transport for London (TfL) is looking for a partner to create a joint venture for the redevelopment of South Kensington Tube station.
TfL say the scheme will provide vital funds to provide step-free access to the District and Circle line via a new station entrance on Thurloe Street.
Step-free access will also be created to the pedestrian subway leading to local destinations including the Science Museum, Imperial College, the Natural History Museum and the Victoria and Albert Museum.
The station’s commercial and retail units will be revamped along with the four storey buildings at 20-34 Thurloe Street.
A single storey may also be added onto the distinctive Bullnose building and create new opportunities along TfL’s stretch of land on Pelham Street.
The South Kensington Tube station main entrances through the Grade II listed shopping arcade will be restored to its original state.
TfL said they would be open to interested, qualified bidders, including those who may not be on the TfL Property Partnership Framework, with a decision due later this year.
TfL and the selected Joint Venture partner will then develop proposals for the site in consultation with the local community and seek planning permission to develop the site.
Graeme Craig, Director of Commercial Development Director at Transport for London said: “South Kensington Tube station is one of our busiest stations and also the gateway to some of the most important and treasured cultural institutions anywhere in the world.
“We want to find a long-term partner with whom we can work to create a station that reflects its historic legacy and unique setting, whilst generating vital revenue to reinvest in transport and provide step-free access for millions of journeys.”
Subject to planning, the development could be finished in 2022.
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