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24th March 2014
LCR, the organisation behind the successful delivery of High Speed 1, is to join forces with HS2 Ltd to develop proposals for a regeneration company that will support local partners in maximising development and regeneration opportunities around HS2 stations.
Following the publication of HS2 Growth Task Force report on Friday 21 March, the Secretary of State for Transport has today announced that HS2 and LCR should come up with a joint response to the task force’s recommendations on regeneration. This partnership matches LCR’s development expertise and experience with HS2’s role on design and delivery.
LCR has been working with HS2 for the past two years to provide support and advice about the regeneration opportunities that the new line could bring and has conducted a series of development reviews for each station. LCR has also been working with Manchester City Council and others to bring forward the regeneration of the Mayfield area next door to Piccadilly Station – the proposed HS2 hub in Manchester.
LCR is also a joint venture partner in two of the most high profile regeneration programmes in Europe; King’s Cross (in partnership with Argent and DHL) and The International Quarter, Stratford City (in partnership with Lend Lease).
David Joy, chief executive of LCR, said:
“We welcome today’s announcement from the Secretary of State and the chance to continue working with HS2 and the local partners to maximise the benefits for local communities and the surrounding regions.
“We know from experience at King’s Cross and Stratford that, with the right focus and a dedicated team, a project like HS2 has the potential to transform once neglected or underperforming areas into real success stories.”
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