Paddington Crossrail station pushes forward
Further developments have been made to bring about a reduction in the journey times between London offices in Paddington and those in the City, Docklands and the West End.

The Paddington Crossrail station will connect nearby businesses to Canary Wharf in just over 15 minutes, Tottenham Court Road in less than five minutes and Liverpool Street in around ten minutes.

From February 12th, the excavation of the station box will take place, with Crossrail explaining the full closure of Eastbourne Terrace will enable the station to be built two years quicker than it would have been if it was only partially shut.

The Crossrail station forms part of the Paddington Waterside development, which has so far delivered new London offices, homes and international transport links.

Since the Paddington Waterside Partnership's launch in 1998, more than 40 new companies have arrived in the area, taking up over 1.9 million sq ft of commercial space. An additional 1.6 million sq ft of London offices is set to be provided.

Commenting on the latest Crossrail news, chief executive of the partnership Kay Buxton said: "The Paddington area has changed beyond recognition and is now one of the fastest growing business and residential areas in the capital with significant further investment underway.

"The new Crossrail station at Paddington will deliver improved and direct transport connections with areas to the west and east of the capital, as well as with London's other major employment centres."

Eastbourne Terrace is scheduled to be closed until 2014 to help protect the safety of workers on the Crossrail scheme.

Part of the Paddington Waterside project includes One Kingdom Street, a 265,000 sq ft premises of London offices that is fully let to Statoil, Vodafone, MWB and Mysis.

The building was recently sold by Union Investment Real Estate to Cityhold Property for £230 million.

Posted by John Evans

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