Tfl Development Agreement

The proposed project consists of six floors with offices above the station, with an entrance at Davies Street. TfL has also entered into an existing agreement with Great Portland Estates with respect to the Bond Street Eastern Ticket Hall in Hanover Square. The new mixed-use scheme will provide 325,000 square feet and the land is expected to be fully handed over to the developer this summer. “With the arrival of the Elizabeth Line, Farringdon becomes one of the best served places in London,” said Graeme Craig, TfL`s Director of Business Development. We are therefore pleased to have entered into this agreement with HB Reavis on this excellent site. As an important part of our huge development pipeline, the Elizabeth Line programmes directly open up opportunities for new homes and jobs and could spend £500 million reinvesting in London`s transport network. The exceptionally high standards we set in terms of quality development and sustainability, A series of awards have been presented internationally, including “Best Employer in Poland” in 2016 by AON Hewitt, “Best European Office Developer 2016” at the World Finance Awards, “Office Developer” at EuropaProperty`s 2017 CEE Investment Awards and “Global Real Estate Investor of the Year Awards 2017 in the UK”. “This is undoubtedly one of the best development sites in the City of London and we are pleased to continue our partnership with TfL. The opportunity to develop quality buildings just above the east and west entrances to Crossrail Liverpool Street is both unique and exciting. This transaction is another important step in the repositioning of Aviva Investors` real estate portfolio for growth and will benefit from a rapidly changing City of London.

· Farringdon Station West, where an agreement for the development of the west entrance was signed with HB Reavis. The program includes 138,000 square feet of net retail and office space. Since the inception of HB Reavis in 1993, we have successfully delivered more than 11.4 million square feet of commercial space. We have other developments in the pipeline totaling over 14.2 million square feet for a projected value of £6.2 billion. Currently, eight projects are under construction, with an expected locable area of a total of 4.1 million square feet and a value of £1.5 billion.