Union Street Partners advises LCR on exciting proposals for new dining destination at Waterloo

Union Street Partners advises LCR on exciting proposals for new dining destination at Waterloo

27 August 2015

A planning application has been submitted by LCR to Lambeth Council for the refurbishment of the Leake Street Arches in Waterloo. LCR’s proposals, designed by Union Street Partners appointed as development consultants and architects Corstorphine + Wright, involve creating distinct spaces that will attract original and exciting restaurant, bar and cultural tenants to the area.

Leake Street is also known as the ‘Banksy Tunnel’ or ‘Graffiti Tunnel’, one of London’s largest and most popular street art locations. The tunnel came to fame in May 2008 when Banksy hosted the first of the Cans festivals there, and LCR’s proposals have been designed to protect and maintain this unique hub for creativity and street culture.

The Leake Street Arches are situated beneath the former Eurostar terminal at Waterloo Station and are located between a number of iconic destinations, such as the London Eye, the South Bank Centre and independent retailers on Lower Marsh. Opening up the arches is the first stage of the regeneration of the former Eurostar terminal which will eventually be bought back into passenger-use with additional retail space.

The proposed scheme would include eight units totalling up to 25,000 sq ft within the arches designed predominantly for café, bars and restaurants. Public realm improvements are also proposed, including improvements to lighting, security and surfaces.

Adrian Lee, Development Director of LCR said:

“Waterloo is currently undergoing significant change with a range of high profile large-scale developments being built or proposed in the area. The Leake Street Arches present an excellent opportunity to build on Waterloo’s existing cultural offer and enhance the urban environment around the station. We will use our expertise in developing land around railway assets to deliver a new, vibrant restaurant and bar destination at Leake Street which pays homage to the area’s creative heritage.”

Neil Davies from Union Street Partners, said:

“100 million passengers each year pass through Waterloo Station and the fact that the arches are so close-by make them an ideal refurbishment and renewal opportunity. Our discussions with local people have identified a demand for exciting and independent brands in the area and we have already had an encouraging level of interest from potential occupiers for the units within the arches. We would be excited to continue the collaborative effort between local groups and existing and new businesses, to deliver LCR’s vision for the Leake Street Arches.” 

LCR conducted extensive consultation with the local community and stakeholders on the proposals, including one-to-one meetings with local groups and organisations such as the Waterloo Quarter Business Improvements District (BID), Network Rail and the street artists. Around 170 people attended three pop-up events and two pop-up exhibitions held in July to invite feedback on the proposals. A total of 109 written comments were received and overall the feedback was very positive and supportive of the plans. All comments have been shared with the project team as part of the design process. The consultation information is still available to view on

Lambeth Council will now conduct its own statutory consultation on the proposals before the application is determined at a planning committee. Further information is available on