Lend Lease/LCR’s Olympic Canary Wharf steps foward

Australian developer Lend Lease and London & Continental Railways have kindly winged over an exclusive first look at more detailed iterations of The International Quarter, their plans for an office district to match Canary Wharf in Stratford, east London.

The partners will next week lodge the zonal masterplan (ZMP) for zone 2 of the 180-acre Stratford City site with the Olympic Delivery Authority’s Planning Decisions Team.

The site already has outline consent for 4 m sq ft of Grade A offices within the 22 acre zone 2 site. Work on the £1.3bn project could start in 2013, following the completion of the London 2012 Games, with the first plots ready to be occupied from the end of 2014.

The ZMP, which has been led by Malcolm Smith, director of ARUP Associates, sets detailed design parameters for the development plots on the site.

They lay out where all parks and roads will be situated around four super plots where the offices will be built.

The plans enable Lend Lease/LCR to tailor solutions to occupiers looking for floorplates of 15,000 sq ft through to 40,000 sq ft as well as standalone buildings of up to 1m sq ft.

Lend Lease’s plans at Stratford also include 275,000 sq ft of hotel development and 350 apartments.

Matt Beasley, project director at Lend Lease, says that subject to “progressing through the statutory process we will be looking to have approval of the ZMP in place before the end of the year”.

“The important thing is we have the flexibility in floorplate and design for occupiers who can already see the advantages of being in Stratford.”

Jones Lang LaSalle and BNP Paribas Real Estate are joint leasing agents for the office element of The International Quarter.

One interesting way that the partners describe the quarter is as a “Canary Wharf in reverse”. By that they mean that crucial infrastructure for such a sizeable project in an untested location is already in place.

That makes sense. In addition to a new train service direct into St Pancras International, the City and West End are less than 20 minutes away via the Central and Jubilee Line with the DLR providing 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 site sits also sits adjacent to Westfield’s 1.45m sq ft Stratford City shopping centre, which is set to open in September, the Olympic Village, which a Qatari Diar/Delancey consortium are frontrunners to buy, and the Olympic Stadium.

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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
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