Network Rail considers the two bids for overhaul of 15-acre site around Euston station.
Network Rail is considering head-to-head bids from Stanhope and its ex-chairman, Stuart Lipton, for an overhaul of Euston station.
Lipton's new venture, Chelsfield Partners, has partnered with Morley Fund Management to bid to rebuild the 15-acre site around the station, which could be one of London's biggest-ever development schemes.
Lipton, who left Stanhope last month, and Stanhope are reported to face competition from 13 bidders indlucing major developers such as Grosvenor, British Land and Development Securities.
When it is finished, it is understood that the development will be around 430,000 sq m, making it the biggest of the rail operator's schemes at its London stations.
Victoria is the next biggest of the schemes, at around 80,000 sq m. It has attracted bids from 11 developers including Stanhope, Hammerson, Land Securities, Grosvenor and British Land.