The 207,000 sq ft development, located at the corner of Cowcross Street and Farringdon Road, will comprise six storeys of high-quality office space, with retail units at street level.

Ian Lindsay, Crossrail Land and Property Director said: “By 2018 Farringdon will be one of Britain’s busiest rail stations, connecting Crossrail, Thameslink and London Underground services. The developments will accelerate the area’s regeneration, helping Farringdon re-emerge as a destination in its own right.”

Charles Pinchbeck of Jones Lang LaSalle, development managers for Cardinal Lysander said: “The scheme prepared with Crossrail and other stakeholders is well-placed to capture Farringdon’s potential.”

The Cowcross Street scheme is one of two over-station developments planned in the Farringdon area.

In June, Crossrail submitted plans for a significant new commercial development at Lindsey Street to sit above the new Crossrail station eastern ticket hall, opposite the historic Smithfield Market.

The over-site developments are scheduled to commence during the latter stages of work to construct Farringdon Crossrail station. Crossrail will commence services in 2018.

A total of 3 million square feet of development space is planned above Crossrail stations, helping create new business space, jobs and new homes for Londoners.