Transport for London (TfL) is on the hunt for a partner to help "sensitively restore" South Kensington Tube station.
It is welcoming bids from the open market to create a joint venture partnership to develop the station in a way that is "respectful to the character of the local area", as an "iconic gateway" to one of the capital's renowned cultural quarters.
TfL wants to improve the retail and commercial units of the station and refurbish the four storey buildings at Thurloe Street.
The scheme will provide funds to create step-free access to the District and Circle Line via a new station entrance on Thurloe Street, as well as step-free access to the pedestrian subway leading to local destinations including the Natural History Museum and Imperial College.
Subject to planning, the development could be complete in 2022.
TfL plans to name a partner later this year and will then work with them to develop proposals for the site in consultation with the local community, and seek planning permission to develop the site.
Graeme Craig, director of commercial development director at TfL said: “South Kensington Tube station is one of our busiest stations and also the gateway to some of the most important and treasured cultural institutions anywhere in the world."
We want to find a long-term partner with whom we can work to create a station that reflects its historic legacy and unique setting, whilst generating vital revenue to reinvest in transport and provide step-free access for millions of journeys.
South Kensington Tube station currently welcomes over 34m District and Circle and Piccadilly Line passengers a year.
Those interested in applying don't have to be on the TfL property partnership framework.