Whilst not yet open in its entirety, much of the Elizabeth Line finally opened yesterday. Her Majesty The Queen, after whom the line is named, attended a ceremony last week in advance of the actual opening.
You can’t travel the entire length without changing trains as yet, but this should be possible in the Autumn. However whether Bond Street station will be open by that date remains unclear.
With a time overrun of three and a half years and a cost overrun of £4 Billion, things have not gone quite as planned. However, with such a vast, complex project, plans can easily be disrupted by unexpected events and discoveries (and it seems that there were many). So one has some sympathy!
We expect the Elizabeth Line to encourage new lower cost office space options in outer London, simply because these areas will now be so much quicker to reach.
Regardless, the Elizabeth Line will clearly be life changing for both Londoners and commuters. Crucially, it will dramatically reduce journey times, whilst at the same time relieving pressure on the existing tube system.
As I’ve mentioned before, we expect the new line to encourage new lower cost office space options in outer London to the East and West, simply because these areas will now be so much quicker to reach.