Euston Station Appointment

British Land Co PLC
14 April 2008

AWARD WINNING ARCHITECTS APPOINTED FOR EUSTON STATION REDEVELOPMENT



British Land and Network Rail, joint partners for the proposed £1 billion
redevelopment and regeneration of Euston Station, have appointed two award
winning architect practices to take forward the design.



Allies and Morrison has been appointed Masterplan Architect to create a highly
sustainable, integrated, mixed use scheme for the 15 acre site. An essential
part of the brief is to develop a scheme which acts as a regeneration catalyst
for both the major transport interchange and the wider Euston area.



Foreign Office Architects has been appointed for the wholesale redevelopment of
the station which last saw major investment in the 1960s. The team will consult
with rail operators and station users and seek to create a 21st Century facility
which increases capacity to match future demand and meets the growing needs and
expectations of the travelling public. The practice will work closely with
Allies and Morrison on the integration of the station design within the
masterplan.



Development over and around the station will produce a mixed use scheme of more
that 3 million sq. ft of residential, commercial,  retail and other uses.  Since
being selected as preferred bidder, British Land has been working with Network
Rail to create a brief for the station and wider development, whilst engaging in
initial stakeholder consultation.  The aim is to submit a planning application
by early 2010 and, subject to planning permission, work could start in 2011.



Nigel Webb, Head of Development at British Land, said: "We are excited to be
entering the next phase for the regeneration of Euston with this inspirational
design team. Foreign Office Architects and Allies and Morrison have the
combination of creative flair, experience and rigour to take forward a 21st
century design for Euston Station and the surrounding area. They will build on
the work carried out by architect Larry Oltmanns on the conceptual designs for
the project and the on-going stakeholder consultation process."



Larry Oltmanns was a part of the team who worked with British Land on the
original competition for the site. He has continued working on the scheme since
founding V3 Architects and Urban Designers last May and will continue in an
advisory role.



Mick Martin, Director of Commercial Property at Network Rail, said: "These
appointments are evidence of major progress in our plans to transform Euston
into a station the 70 million people who use it every year rightly expect and
deserve.  It is a further step forward in our plans to deliver successful and
profitable developments which deliver real improvements to stations and
facilities for surrounding communities."





Notes to Editors



About Allies and Morrison:

Masterplanning is a major part of Allies and Morrison's practice much of which
is based around transport projects which include the redevelopment of King's
Cross St Pancras Underground station, the Tottenham Hale interchange and
feasibility studies for the Crossrail project. The Allies and Morrison team will
be led by Graham Morrison.



About Foreign Office Architects:

Foreign Office Architects' expertise lies in combining technical innovation with
design excellence. Amongst its award winning projects is the Yokohama
International Cruise terminal in Japan.  Current projects in the UK include the
Ravensbourne College of Art and Design, the Trinity EC3 office complex in London
and large retail-led schemes in Leicester, Southampton and Sheffield. The
Foreign Office team will be led by Farshid Moussavi.



About V3:

V3 was established in May 2007 by Larry Oltmanns, RIBA, AIA, a former Design
Partner of SOM London, and designer of such world-renowned projects as the Hong
Kong Convention Centre and the competition-winning scheme for the NATO
headquarters in Brussels. Apart from the Euston Station redevelopment, V3 is
currently working on a luxury high-rise residential tower in Moscow, a landmark
office building in Calgary, and a 3 million square foot mixed-use development in
the Royal Docks.



About British Land

British Land is the largest UK REIT by assets (£14.6 billion) with total assets
under management of £18.4 billion, as at December 2007. The portfolio, focused
on the growth sectors of London Offices and Out of Town Retail, has the longest
leases (average 14 years) and the highest occupancy rate (99 percent) of the
major UK REITs.  Retail assets account for 58.8 per cent of the portfolio, 83
per cent of which is in prime out-of-town locations. Offices account for 38.8
per cent of the portfolio of which 99 per cent is London-based and includes a 5
million sq ft development pipeline coming to fruition between now and 2011.



About Network Rail

Network Rail is the 'not for dividend' owner and operator of Britain's railway
infrastructure, which includes the tracks, signals, tunnels, bridges, viaducts,
level crossings and stations - the largest of which we also manage. We aim to
provide a safe, reliable and efficient rail infrastructure for freight and
passenger trains to use. In addition to London Euston, we are investing heavily
to transform Britain's busiest and biggest stations, from Edinburgh Waverley to
Birmingham New Street, King's Cross, London Bridge and Victoria.



British Land Media enquiries

Laura De Vere

Tel: [phone]. Mobile: [phone]



Network Rail Media Relations (National)

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Date:  Monday, April 14, 2008






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