The Impact of Crossrail on Property Performance
2018 is proving to be an exciting time for the UK economy as London’s largest infrastructure project, Crossrail is scheduled for completion. The high-speed rail project, which will be officially known as the Elizabeth line, will improve connectivity across London, reduce journey times into the capital and is forecast to increase passenger capacity by 10%. Crossrail will revolutionise the commercial property market through the re-development of locations along its key transport nodes.
Crossrail will provide a direct connection between London’s key business districts (West End, City and Canary Wharf), reinforcing the strength of London’s established office markets. It will also unlock value at key interchange stations such as Farringdon, which is positioned between the City and West End and provides passengers with easy access to other transport networks (Thameslink), making it strategically placed to re-emerge as an office location.