Aviva to develop mixed-use building in City

Aviva Investors has entered a development agreement with Transport for London (TfL) – the local government body responsible for the city’s transport – to construct a mixed-use retail and office building near Liverpool Street Station.

Costs regarding the building or how much Aviva has paid TfL are yet to be disclosed.

The proposed construction will provide around 175,000 sq ft of office and retail space over 11 floors (including ground) once planning has been approved.

It will also be located above and around the under-construction Liverpool Street Crossrail station. According to Aviva, the site bookmarks the Crossrail platform with the fund managers ongoing development on a nearby site (101 Moorgate) which it closed a deal with TfL earlier in the year.

Graeme Craig, director of commercial development at TfL, said: “This site in the heart of London offers the potential for fantastic new office and retail space, supporting the city’s growth.”

©2019 funds europe

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