London Bridge’s major new development has opened today, offering travellers ten times the amount of retail space as Network Rail’s retail income continues to balloon.
Marking the single biggest investment by Network Rail into one station, the new redevelopment will allow 30 per cent more passengers onto the station.
It comes as the state-owned train company reported a retail income rise of a third over the last five years, topping £750 million last year.
After four years of construction, London Bridge’s new retail space will house major retailers like Marks & Spencer, while other units will be offered at lower rents to encourage local businesses in the station.
Network Rail runs 17 stations across the country and has seen consecutive growth in its retail operations for the last five years.
“Total retail sales increased by 130 per cent at King’s Cross after the station received a world-class regeneration in time for the 2012 Olympics, and more recently the multi-million pound upgrade to Paddington Lawn led to total retail sales at London Paddington soaring by 40pc in the first quarter of this year,” a spokesperson said.
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