London Daily

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Monday, Mar 16, 2026

Waterloo Station's Transformation Unveiled: A New Future Unfolds

Plans for a refreshed Waterloo Station have been disclosed, showcasing a vision for the next 10-15 years that includes new entrances, expanded concourses, and repurposed underground arches turned into retail and dining spaces.
With the backing of Network Rail and the Lambeth Council, the proposed blueprint aims to better link the station to the South Bank and its cultural hubs. The 210-page plan suggests constructing tall buildings around the station, but assures that the historic station roof will remain untouched.

Lord Hendy, Network Rail chair, aims to replicate the transformations seen at King’s Cross and London Bridge stations. He also hints at upcoming changes for Victoria station.

Waterloo, formerly the UK's busiest rail station with 57.8 million users last year, serves an area that draws about 30 million visitors annually, including those visiting major landmarks like the National Theatre.

The Grimshaw Architects-designed plan seeks to improve pedestrian access and to encourage commercial development to finance the station's overhaul. It includes the creation of a "Victory Arch piazza" at the main entrance and a new entrance at Lower Marsh.

Enhancements will involve 11 new or improved entrances, a 40% increase in concourse space, and over 5,000 cycle parking spots. The plan also calls for re-routing several buses and the creation of a new bus hub on the south.

Funding for the revamp will lean on commercial development rather than public money. The plan, which doesn't yet have a cost estimate, regards the undercroft as a prime area for retail expansion.

The number of platforms, currently at 24, won't change, but other areas of the station will see improvements to reduce congestion and promote pedestrian-friendly access.

Lambeth leader Claire Holland hopes for a "world class public realm," with small initial improvements leading to a larger transformation. Grimshaw's partner Kirsten Lees describes their vision as ambitious yet grounded, promising a vibrant and sustainable future for the area.
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