London & Continental Railways Limited (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. LCR are now becoming more involved in HS2 bringing their expertise having built HS1 and St Pancras.
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.
LCR manage Waterloo International Terminal and other properties of behalf of the DfT. LCR is a limited liability company that is wholly owned by the Department for Transport (DfT). For more information, please visit www.lcrhq.co.uk
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