A new strategic partnership has been formed between Network Rail Property, Places for London, and the London Borough of Lambeth to drive forward a major regeneration of London Waterloo Station and the surrounding South Bank neighbourhood.

The collaboration follows the publication of the Waterloo Station Vision in 2023, which outlined long-term ambitions for one of Britain’s busiest transport hubs and its vibrant surrounding area. As the fourth busiest station in Great Britain, London Waterloo plays a crucial role in connecting commuters, tourists, and leisure travellers to the heart of the capital and its renowned cultural landmarks.

The new partnership aims to transform the station into a modern destination that enhances the customer experience while delivering broader benefits to the South Bank area. The regeneration is expected to improve connectivity, open up new public spaces, and support diverse development and investment opportunities.

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Working with public and private sector partners, the programme will be rolled out in a series of phases. The initiative will also engage closely with local stakeholders and communities to ensure the regeneration meets the needs of both residents and visitors.

The collaborative project seeks to unlock long-term economic growth for Lambeth by creating jobs, attracting businesses, and delivering new housing, while reinforcing the area’s role as a global cultural and economic hub.

Robin Dobson, Group Property Director, Network Rail said: "This is a great step forward in combining both our resources and assets across Waterloo and South Bank. We will work with neighbouring partners to deliver a regeneration plan that unlocks huge growth and investment opportunities across the Borough, delivering the widest mix of uses and something very special for this important part of London for future generations to come."

Graeme Craig, Director and Chief Executive, Places for London added: "Millions of people pass through Waterloo every year to work and explore the South Bank and beyond. Through this new collaboration, we can ensure those customers are getting the very best London has to offer as they travel through this historic transport hub. This a great opportunity for Places for London to work with Network Rail and the London Borough of Lambeth to provide a new and improved vision for the community and all who come to Waterloo."