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News Release

London

Lend Lease and LCR Appoint Office Agents at The International Quarter, Stratford City


London, 20th May 2011 - Lend Lease and London & Continental Railways (LCR) are pleased to announce the appointment of Jones Lang LaSalle and BNP Paribas Real Estate as joint leasing agents for the office element of The International Quarter at Stratford City, London.
 
The International Quarter will provide 4 m square feet of highly sustainable Grade A offices within a 22 acre site, providing a new and vibrant metropolitan hub for the Capital. Work on the £1.3 billion, urban regeneration scheme can start in 2013, following the completion of the London 2012 Games, with the first plots ready to be occupied from the end of 2014.
 
Unusually for large scale regeneration projects such as this, much of the key infrastructure is already in place.
In addition to the new train service direct into St Pancras International (journey time seven minutes); the City and West End are less than 20 minutes away via the Central and Jubilee Line with the DLR providing valuable links into Canary Wharf and City Airport. Crossrail will add to the transport infrastructure when it opens in 2018 providing a direct link to Heathrow.
 
The new shopping centre, the largest urban centre in Europe, is set to open in September of this year bringing quality shopping, restaurants, bars and entertainment.
 
Kevin Chapman, Head of Offices at Lend Lease said:  “Stratford will be firmly on the map after 2012 and the International Quarter will ensure that there is a lasting legacy for the local community and London overall. We are delighted to have Jones Lang LaSalle and BNP Paribas on board.”
David Joy, Chief Executive at LCR said: “LCR is excited to have two such world class property agents working with us to deliver the outstanding International Quarter at Stratford City. These key appointments will ensure we can move quickly to delivery once the 2012 Games are complete”
 
Neil Prime, International Director at Jones Lang LaSalle said:  “We are looking forward to working with Lend Lease and LCR to launch this exciting new project. The arguments for office occupiers to relocate here are very compelling - the transport and local amenities are world class.”
 
Chris Williams-Ellis, Senior Director at BNP Paribas added; “The International Quarter offers a real alternative for occupiers; not only will The International Quarter provide a highly sustainable alternative, it also has the benefit of the 2.5 sq km Queen Elizabeth Park with its riverside walks, bars and cafes as well as the future legacy of the sporting facilities and new housing.”

 

About London & Continental Railways
London & Continental Railways Limited (LCR) delivered the award winning High Speed 1 Railway, including new stations at Stratford International and Ebbsfleet, as well as the rebirth of St Pancras International. In November 2010, LCR sold High Speed 1. LCR’s primary focus now is the important regeneration projects at King’s Cross Central, in partnership with Argent and DHL, and The International Quarter, Stratford City in partnership with Lend Lease. LCR also retains a 40% stake in Eurostar International Ltd.
 
 
About Lend Lease
Founded in Australia in the 1950s and listed on the Australian Stock Exchange, Lend Lease is a leading real estate specialist, which creates, enhances and manages real estate assets around the world. The Group's activities are primarily focused in the regions of Asia Pacific, Europe and the US, and cover 40 countries on six continents.
In the UK its business is focused primarily on the delivery of large scale integrated developments designed to regenerate town centre and major urban sites.  Lend Lease provides cohesive in-house solutions for mixed-use developments, from planning and consultation, to development, funding, construction and asset management.
The Group also provides international project and construction management services.