The Legacy: Four Years On
The London 2012 games set ambitious legacy plans for the bespoke buildings and infrastructure that at the time were more advanced than any other host City. London has succeeded in meeting these plans by creating a new destination, meeting sustainability goals and transforming Olympic venues
Regenerating East London
Since 2012 we have seen Stratford become a complete destination with large scale office occupiers arriving at International Quarter; the hugely successful Westfield shopping centre; and the UK's largest Private Rented sector scheme emerging out of the Olympic Village.
With the family housing at East Wick and Sweetwater, the housing mix of around 50,000 new homes available at Stratford and around the London Olympic venues is unrivalled. New schools, communities, and cultural offerings means the legacy continues, in an emerging location which still resonates with the outstanding games London delivered in 2012.
You could say that London's approach to sustainability is a legacy in itself with the IOC producing 'The Olympic Agenda 2020'. This Agenda is a blueprint for the Olympic Movement which includes simplifying and modifying the bidding process and putting sustainability and legacy at the core.
The cities bidding for the 2024 Games, including Los Angeles (US), Rome (Italy), Budapest (Hungary) and Paris (France), have all captured this in their initial submissions by using existing facilities for around 70% of the sports.
This is a true recognition that many of the facilities built in the past have had a limited afterlife and were unsustainable after the Games. This is a great step forward and one which confirms that the London legacy is now the benchmark for others to follow.
The continuing legacy
East London has been a site of major change over the last 10 years, and with new developments in the pipeline and affordable housing attracting a younger demographic, this is set to continue.
JLL is excited to be involved in this ongoing development of East London. For more information, please don't hestitate to contact us.
For more information, please contact:
Director - Development Consultancy
+44 (0)20 7399 5876