£1.3bn financial hub planned for Stratford City

12:05 17 February 2012

Newly-released computer generated image of the Olympic Park and The International Quarter in Stratford City.

Newly-released computer generated image of the Olympic Park and The International Quarter in Stratford City.

Archant

A £1.3 billion commercial district to rival the Canary Wharf/Docklands development is coming to Stratford City in 2015.

Known as The International Quarter (TIQ), the finanical hub in the heart of the Olympic Park will be one of the UK’s largest mixed-use developments.

Comprising four million square feet of Grade ‘A’ office space, the TIQ build also includes a new hotel and 350 homes.

Five architectural firms have been confirmed to create the new commerical district which will allow for “a degree of flexibilty” in the final design so they can work with businesses to suit their individual needs.

Lend Lease, the developers of the TIQ project, have previously worked on regeneration projects in Elephant and Castle and the Greenwich Peninsula.

Their co-partners are LCR, a government-owned company known for delivering high speed train projects such as the HS1 railway, Stratford International, Ebbsfleet International and the rebirth of St Pancras International.

Mark Dickinson, managing director development of EMEA Lend Lease, said: “There is no other site in London like the International Quarter where an occupier can create a completely bespoke office building, tailored exactly to their business needs.

Expect something innovative and refereshing.”

Architects BDP, Gensler, Pringle Brandon Drew, TP Bennett, and Woods Bagot were appointed to the design team on Friday [Feb 3].

David Joy, chief executive of LCR, described the TIQ as “a tangible slice of Olympic legacy.”

He added: “This appointment will allow us to move rapidly into delivery phase once the land is released for development by the Olympic Delivery Authority next spring.”

Earle Arney, global director of Workplace at Woods Bagot, said: “The International Quarter will be a game-changer; not just for London but for Europe.

“TIQ gives London the opportunity to step-ahead of many world-cities by providing an innovative workplace that is designed from the inside out.”

Outline planning consent has been secured and construction is planned to start after the Games, when the site will be handed over to the Olympic Delivery Authority, for business to move into premises in early 2015.

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