Development group Sellar, on behalf of owners Great Western Developments Ltd (“GWD”), today announces that work is now underway on the £825m transformation of the area around Paddington Station into a vibrant and dynamic destination providing offices, shops and restaurants as well as a new Bakerloo line station.

To be known as Paddington Square, the development will comprise a stunning Renzo Piano-designed  360,000 sq ft office building, a £65m investment in much needed transport infrastructure that will provide a new Bakerloo line ticket hall and entrances, 75,220 sq ft of first class retail and restaurant space, including a 13,650 sq ft rooftop dining experience, and a new 1.35 acres public square.

JLL and Knight Frank have been appointed joint letting agents for the entire scheme.

Comprising 31 London Street, the former Royal Mail Sorting Office, and the adjacent 128-142 Praed Street, the site was acquired by GWD in late 2014 for £111m and planning consent was granted by Westminster City Council in August 2017.

James Sellar, CEO of Sellar, said: “We are pleased to launch Paddington Square, this transformational redevelopment of the entire area immediately around Paddington Station that will create a vibrant destination bringing an exciting retail and leisure experience and much needed commercial life.

“Paddington Square will dramatically improve transport connectivity with a new Bakerloo line station and a new public space. With the arrival of the new Elizabeth Line, Paddington will become one of the capital’s major transport hubs with direct fast links to Heathrow, the West End, the City and Canary Wharf.

“We believe Paddington Square will complement the station’s status as a key hub and will seamlessly blend the historic buildings with the new and make this ‘Gateway to the World’ one that London can be proud of.”

One of the scheme’s key elements is the investment in the Bakerloo line. This will dramatically upgrade the existing station, creating a ticket hall at least twice the size of the current hall and two new entrances as well as improving the connectivity to both the mainline station and the new Elizabeth Line when it fully opens next year.

For office users and travellers alike Paddington will become one of the capital’s best-connected locations. In addition to the mainline station and the new Elizabeth line, giving direct links to Heathrow, Mayfair, the City and Canary Wharf, Paddington is also served by the Bakerloo, Hammersmith & City, Circle and District underground lines.

As part of this transformation GWD and Sellar are creating five floors of retail/restaurant space. It is intended that this exciting blend of shops and restaurants will ensure the area becomes a destination in its own right rather than merely a transport hub.

Another key factor in this important landmark scheme will be the relocation of London Street. This will enable the creation of a natural link between the mainline station and the new public square which, together with the new Bakerloo line entrances, will eradicate the traffic and pedestrian chaos that is generated at rush hour.

A new road, built to adoptable standards, will be created on the eastern edge of Paddington Square enabling shorter ambulance journey times for those travelling from Edgware Road. This new road has been approved by Westminster, TfL, the Mayor’s Office and independent traffic consultants.

Ian McCarter Head of West End Office Agency at Knight Frank, said: “Paddington is coming of age.  The magnificent Renzo Piano-designed scheme will have enormous appeal to international and blue-chip occupiers.  It is at the very heart of Paddington and next to the new Crossrail station and brings the complete offering to the modern occupiers in terms of amenities, with almost 80,000 sq ft of new retail, and a world class office accommodation, with unrivalled views across central London.

“Paddington is set to become one of Europe’s key international transport hubs, establishing Paddington as a new gateway to London, and linking Heathrow with East London and beyond through Crossrail.”

“Paddington is an area that has truly come of age. Paddington Square is a globally significant landmark scheme that will truly integrate Paddington into the heart of the West End through a vibrant combination of public realm, retail and office amenities”, added Adrian Crooks, Head of West End Agency for JLL.

It is estimated Paddington’s local economy will benefit by as much as £350m a year following completion of Paddington Square. The development will also bring in as many as 4,500 new jobs to the area.

A study by Volterra Partners concluded that £320m of local GDP will be attributable to the offices occupiers with a further £30m generated from the new retail and hospitality businesses that form part of Paddington Square.

The report also shows Paddington Square will support the equivalent of 3,500 jobs and anticipates a further 900 jobs will be created in the local economy. Volterra calculates these new jobs will generate an additional £5.8m a year of spend in the local area.

It is expected that the entire site will be scaffolded by the end of May enabling demolition to commence. Demolition will be completed by the end of 2018 with construction starting in Q1 2019 with practical completion by the end of 2021.

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Sellar is an award-winning privately owned property company known best for developing The Shard and accompanying Shard Quarter. We deliver design-led projects across London.


42-44 Bermondsey Street
London, SE1 3UD
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