Lambert Smith Hampton has won the mandate to manage the property portfolio of the newly created London Overground, a branch of TFL.
LSH will provide portfolio management across the entire London Overground network, which has been set up following the acquisition of the former Silverlink Metro service, for the duration of the two-year contract.
The network, which includes 50 stations, is set for over £1.4bn of investment in the next few years. It includes stations on the North London, West London and Euston to Watford Junction lines.
LSH will advise on the management of the commercial property, including the refurbishment and introduction of new stations, retail opportunities and the improvement of passenger facilities.
Geoff Smith, director in LSH’s transport team in London, said: ‘The former Silverlink Metro service did not take full advantage of the retail opportunities available on its network.
‘With the help of the £1.4 billion investment programme, LSH will develop these sites into state-of-the-art facilities, so that both London Overground and its passengers receive all the retail benefits currently enjoyed on other mainline services to and from London.
‘Our aim is to encourage potential tenants to sign-up during the early stages of the investment programme, with the incentive of the potential growth once it is complete.’