Land Securities has agreed to make land available to help the overhaul of Victoria underground station, which should improve overcrowding on journeys to offices in London.
It had previously objected to plans by London Underground to upgrade the station, having sold mainly underground rights to the 6.2 acre site, Property Week reported.
Land Secs is busy with a 1.5m sq ft overground development, but has said it will organise its build in phases to help the underground work proceed.
Victoria is one of the capital’s busiest stations, some 80 million people transit through on their way to offices in London, or as part of longer commutes.
Transport for London has said its main objectives are to “reduce congestion and delays, provide more convenient access from the north and east, and to make the station more accessible for passengers with reduced mobility”.
The re-build is to include new passenger lifts to help travellers transit between overground and underground services.