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Beyond the Olympics – the changing landscape of East London
Shown here is the wider East London picture where some of the larger development opportunities are well underway.
Explore the venues below to find out more:
During the Games:
These two existing venues hosted 160+ events during the Games. The events included gymnastics, trampoline, basketball, wheelchair basketball, boxing, fencing, judo, table tennis, taekwondo, weightlifting, wrestling, boccia, Paralympic table tennis, Paralympic judo, Paralympic powerball and wheelchair fencing.
After the Games:
These venues have reverted back to their previous roles as some of Europe’s largest and most versatile exhibition and event spaces.
The total Stratford City site covers 73 ha of previously derelict railway land which on completion will create an entirely new metropolitan district that dramatically extends the capital eastwards. Incorporating the Olympic Village and the international rail station, Stratford City will create 4,500 new homes, 5 million sq ft of office space and 1.9 million sq ft of retail, all with sustainability at the heart of their design and construction.
JLL is at the forefront of advising on London's regeneration and shaping new districts. Stratford is an outstanding example of this. From advising the London Development Agency on the investment framework to selecting a development partner to deliver the Olympic village, JLL has shaped the masterplan and development strategy of this area for over 15 years.
Our involvement continues and in 2015, JLL was proud to have advised LCR and Lendlease on securing the first two pre-lets and subsequent forward funding of c.800,000 sq ft at International Quarter. Our Residential team was appointed as UK sales agent for Lendlease and LCR's Glasshouse Gardens whilst our Retail Shopping Centre Leasing team act for Westfield on Westfield Stratford City.
Knight Dragon purchased the entire Greenwich Peninsula site in August 2013, after planning consent for a mixed use regeneration scheme had been granted. The planning application has since been revised, and in April 2015 Knight Dragon lodged a revised outline masterplan for the £5bn, 15m sq ft Greenwich Peninsula site. The new masterplan substantially increases the residential element, with up to 13,000 homes to be built, as well as significantly increases the number of high rise buildings. A circa 400,000 sq ft film and media studio will also be developed as the heart of a major creative digital arts district.
Greenwich Peninsula Regeneration Limited (GPRL), the joint-venture between Quintain and Lend Lease, had consent for a business and residential district of up to 10,010 new homes and 325,000 sq m of commercial floorspace. In total the residential element now including existing consents would stretch to more than 15,000 homes.
The demolition and complete rebuild of North Greenwich tube and bus stations allows more capacity, 645,835 sq ft of new business space and 258,334 sq ft of new retail/food/drink space. The site also looks to introduce new schemes to the area including one or potentially two hotels, two schools, a 258,334 sqft visitor attraction, a ferry jetty terminal, a 5-kilometre running track around the whole site, a healthcare facility and the expansion of Ravensbourne.
View the Greenwich Peninsula website http://greenwichpeninsula.co.uk/
Canning Town is about to be transformed by the £3.6bn Canning Town and Custom House Regeneration Project and with a variety of developments planned, will have a new town centre heart established alongside new homes, courtyard houses and apartments, replacing poor quality housing. A total of 100 hectares, affecting over 4,000 existing homes as well as council land, will be part of the regeneration to create 10,000 new homes. Key projects include major road infrastructure improvements to the A13 which is under construction and Phase 1 of Rathbone Market which is complete.
By 2015 the programme had delivered over 900 new private and affordable homes. Developers are currently on site building another 900 new homes. By the end of the regeneration programme, 10,000 new homes will have been built.
A substantial part of the wider project is Bouygues’ (now called Linkcity) Hallsville Quarter development. The £600m development will comprise 600,000 sq ft of mixed use space plus 1,100 new homes to be developed in several phases until 2024.
In 2014 ABP were granted planning consent to redevelop the Royal Albert Docks to what they describe as ‘London’s third financial and business district’. With partners CITIC, also from China, they are seeking to create a mixed use development consisting of 3.3m sq ft of business space, c. 1m sq ft of residential and 200,000 sq ft of retail and leisure space potentially occupied in part by Chinese organisations accessing the UK and Europe.
The Royal Albert Wharf, adjacent to the ABP scheme, is part of the regeneration of the wider area. Developed by the Notting Hill Housing Group, 350 homes were launched in the riverside scheme in late 2015 with construction of this first phase anticipated to finish in 2017. When completed in 2022, the scheme will consist of 1,500 homes and 87,000 sq ft of commercial, retail and leisure and public realm.
A new district – The Silvertown – is planned by The Silvertown Partnership on this 62 acre site creating a new mixed use experience with space for top brands to showcase their products in their own ’pavilions’. The Silvertown Partnership (TSP) will transform the site into the first purpose built brand destination in the world; and through a series of brand flagships, pavilions and trading houses, organisations will be able to showcase and engage with their consumers through education, entertainment and customisation.
With a resolution to grant planning given in April 2015, the site will provide 7m sq ft of development split to include 2m sq ft of residential (up to 3,000 new homes), 2m sq ft of offices and 2m sq ft of brand space with the remainder being restaurants, cafes, galleries and leisure facilities.
Silvertown will be developed over multiple phases with the first phase including a 62 acre redevelopment with a GDV of £3.5bn. Once completed, the site will attract about 13 million visitors a year from across the country and abroad, providing a £33m-a-year boost to the local economy and adding about £260m to London's economy. A school will also be built on the site. The first phase aims to be finished by 2018, including the transformation of the Millennium Mill building, which is already being marketed as creative space.
Since the first foundations were laid in 1988, Canary Wharf has become known as one of the world’s great business districts. Purpose-built, through-thought, high-tech and high-spec, it continues to be a global benchmark for work and play. Providing world-leading businesses and their staff with fabulous working environments, unrivalled shopping and entertainment, and world-class transport links all situated in a cutting edge, modern, site that includes 30 acres of green space for low emissions and bio-diversity.
Canary Wharf is a 97 acre site with over 16 million sq ft of offices and 1 million sq ft of retail in the area supporting the 105,000 people who work there.
Canary Wharf Group are currently developing a new phase of Canary Wharf, formerly known as ‘Wood Wharf’, which is designed to provide a new residential-led mixed use development. The new phase is to contain over 3,200 new homes, 2m sq ft of commercial office space an 335,000 of retail space, in addition to public spaces and public realm. Furthermore, the scheme will provide 8.9 acres of interconnected public spaces.
As part of the first phase of development, two office buildings comprising 90,000 sq ft and 200,000 sq ft respectively are scheduled to complete in 2019.
This newly established premium residential development is set to comprise more than 1,200 homes covering an area of 8.2 acres. The recently started Providence Tower will complement the existing Radisson BluEdwardian Hotel, and the residential development Ontario Tower, positioning the area as a residential hub of tranquillity.
The area is set to significantly benefit from the revolutionary Crossrail scheme adding to the connectivity of the area alongside City airport. These developments create a new opportunity for investment at one of the UK’s most prestigious addresses.
View the New Providence Wharf website
Strand East is a planned mixed use regeneration scheme by Vastint located between Stratford High Street and Three Mills studios. With provision for 1,050 residential units, a school and over 300,000 sq ft of commercial space, around a waterside environment, it will bring new life to another part of Stratford.
For more information, please contact:
Strategic Development Consulting:
T: +44 (0)207 399 5876
T: +44 (0)207 399 5782
Residential Sales & Development:
T: +44 (0)207 399 5717