Lambert Smith Hampton - General Appointment - London

Date: 24 Apr 2008

Lambert Smith Hampton (LSH) has been appointed to manage the property portfolio of the newly created London Overground, following the acquisition of the former Silverlink Metro service by Transport for London (TfL). The network will benefit from over £1.4 billion of investment over the coming years.

The two-year contract will see LSH providing portfolio management services across the entire London Overground network and includes all property management and professional property services.

The network, hailed as a "major new system" by London Mayor Ken Livingstone, includes 50 stations covering the North London, West London, Barking to Gospel Oak, and Euston to Watford Junction lines, and offers some exciting retail opportunities.

LSH's primary objective is the management of the entire commercial property portfolio, including the refurbishment and introduction of new stations and the improvement of passenger facilities and safety features.

Geoff Smith, Director in LSH's Transport Team based 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."

As part of the investment programme TfL will increase the frequency of the service and introduce a new fleet of trains from late 2008. TfL will also deliver a rail link to connect the extended East London Line to Highbury and Islington on the North London Line in 2011 ahead of the London 2012 Olympics. This will be the first step towards an orbital rail link for London.

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