Stratford City at least could benefit from JLL/Sturge, DTZ/BNP talks

So Lend Lease and London & Continental Railways have chosen their two agency advisers for one of London’s biggest office developments.

There had been rumours circulating that it would pick just one agent for now and then go back to market at a later date for another party.

As it happens it has potentially picked four of its shortlisted bidders, as I blogged earlier this week.

Jones Lang LaSalle and BNP Paribas Real Estate (pictured above with Lend Lease) are joint leasing agents for the office element of The International Quarter at Stratford City.

To complicate matters JLL is understood to be negotiating with one of the losing bidders, King Sturge, about a potential merger, while BNP PRE is primed to take over another losing bidder, DTZ. It all sounds quite promising for Lend Lease/LCR at least.

The International Quarter will provide 4m sq ft of offices within a 22 acre site.

 Work on the £1.3bn, urban regeneration scheme will start in 2013, following the completion of the London 2012 Games, with the first plots ready to be occupied from the end of 2014.

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About Paul Norman's Olympics blog

News Editor of CoStar News, a commercial property news service. Regular blogger on the London 2012 Olympics and what it means for property and the the regeneration of East London
This entry was posted in Lend Lease, London & Continental Railways, Media centre, National Olympic Committees, Olympic Stadium, OPLC, Stratford City. Bookmark the permalink.

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