£3bn masterplan for Euston station

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The proposals for the station and 43 acres around it have been drawn up by Euston Estate Partnership, the firm that owns the four office blocks in the station's forecourt.

EEP hopes its proposals will be taken up by Network Rail, which owns Euston and much of the surrounding land. Camden council is preparing to publish a blueprint showing how it would like the site to be developed.

Architects commissioned by EEP produced an ambitious 10-year redevelopment scheme which includes remodelling and enlarging the station, adding a hotel, and improving links with Euston Square Underground station.

The plan also features shops, leisure facilities and 1,500 new homes.

Richard Anning, managing director of EEP's parent company Sydney & London Properties, said: "We want to stimulate discussion and debate about the future of Euston and the surrounding neighbourhoods."