London’s hotspot: East London issue two_2011Bright FUtUrEThe schemes lighting up east London      Westfield opens for busi...
Strand East is an exciting new development project that                          will transform 10 hectares of a post indu...
issue two_2011                                                                                                            ...
Westfield Stratford City welcomed one million people                                         through its doors in the firs...
London on track for                                            Top of the class  Olympics legacy  London is on track to ac...
Bridge extends                                           towpathBids for park homes                                       ...
Committed todelivering a vibrantnew neighbourhoodand long term legacyfor LondonQDD, the joint venture betweenDelancey and ...
1                          REGENERATION                          IN EAST LONDON                          1 THE INTERNATION...
A £557 million deal, signed between the Olympic Delivery Authority                       (ODA) and a joint venture of prop...
Bouygues UK delivers innovative and sustainable construction acrossa wide range of sectors. Our biggest strength is our co...
The Olympics has brOughT fOrward                       easT lOndOn’s regeneraTiOn by aT                       leasT 10 yea...
he world’s eyes will          “These projects are just the beginning.        At Sugar House Lane, LandProp has            ...
And as if that wasn’t enough, Australiandeveloper Lend Lease, with London andContinental Railways (LCR), is working upplan...
on riding the wave of the Games. The     connectivity is absolutely superb with the     likes of the DLR, Overground, the ...
ONE FOCUS, ONE TEAM       When it comes to real estate law, DLA Piper delivers. Commercial and innovative, we’re     all a...
foreign                                   exchange                                             PA    Peter AndrewS, chief ...
Foreign direct investment (FDI) has shrunk globally by over a third since 2006. Emergingmarkets are beginning to dominate ...
Meet London’s local authorities on 1 March 2012 atCity Hall to discuss their priority development siteswww.sitematchlondon...
PA   		Kevin,	are	there	plans	for	further	investment		                                                                    ...
“We	need	to	appeal	to	                                                                                                   o...
Ravensbourne	opened	at	Greenwich	Peninsula.	We	                    relocation	of	particular	teams	and	for	divisions	that	 ...
in                                                               ve                                                       ...
Government plans for an enterprise zone aim to reGenerate                       the last piece of the DocklanDs jiGsaw, th...
he designation of                        London’s Docklands as an                        enterprise zone in 1982          ...
opportunities and aspirations as peopleliving elsewhere in the capital.”   The enterprise zone is just one element        ...
MAIN: London RIB     Voyages will run a     high-speed service     taking VIPs and     performers from     their West End ...
As officiAl pArtners to the london 2012 GAmes, lloydstsB And Bt openreAch Are mAkinG sure the GreAtest show     on eArth l...
Swan New Homes is a dynamic developinghousing and regeneration agency with a      Innovative homescommitment to delivering...
ABOVE: Water Chariots will takevisitors to the Olympic Park from                                “Lloyds TSB ... is support...
W       hen London staged the Olympics in        1948, journalists queued to reportwinning feats by telephone, while opera...
ST. ANDREWS,TOWER HAMLETS E3                                                                 ALTITUDE,                    ...
DELIVERINGFOR EAST LONDON                                                                                          MAPLE Q...
strand East                   CAMDEn        IslIngton                                                        hACKnEY      ...
with the olympic park well on its way to                                              completion and the recent phenomenon...
Almost complete is Meadowland, a vital early     creating a vibrant new community for                   part of the Barkin...
The first phase of work on a vibrantnew Creative Industries Quarter (CIQ) inBarking has been completed with therestoration...
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
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East Magazine Issue 2

  1. 1. London’s hotspot: East London issue two_2011Bright FUtUrEThe schemes lighting up east London Westfield opens for business New DLR link Olympic legacy housing plans www.eastmagazine.net
  2. 2. Strand East is an exciting new development project that will transform 10 hectares of a post industrial land in Stratford, East London, into a thriving new city neighbourhood with: _ 50,000 square metres of commercial space _ 1,200 homes of which 40% will have 3 bedrooms or more _ A 350 bedroom Courtyard by Marriott hotel _ Community facilities _ Open public spaces YOU 2012 Olympic event area of up to 2.5 ha available For more information go to 2012.landprop.eustrandeast.comtwitter.com/strandeastfacebook.com/strandeast
  3. 3. issue two_2011 11 16 23 36news 04 tech city 23 projects 36News and updates on current projects High-tech businesses now form a significant Updates on the main development cluster, expanding out from Shoreditch into projects – we consider how big, how mucholympic village 09 opportunity areas such as Hackney Wick, investment, who is involved and what willA deal has been signed that will see where a supply of premises awaits budding be deliveredDelancey and Qatari Diar take over the technology entrepreneursmanagement of the Olympic Village head to head 41 olympics sponsors 26 Andrew Altman of the Olympic Park Legacythe new stratford 11 Not just here for the beer – Olympics Company and LTGDC’s Peter AndrewsThe London 2012 Olympics are not the only sponsors are major investors in east London. discuss what has been achieved in eastgame in town – Stratford is evolving rapidly We take a look at what their millions will London – and what’s still to comeinto a new commercial and retail centre, deliver for businesses and communitieswith excellent transport links beyond the Games sustainability 46 What infrastructure is needed to deliverfdi round table 16 map 34 a greener neighbourhood? What will aLondon is a magnet for foreign direct Key to the city: map of some of the major sustainable community look like in 2050?investment – but what draws global players? developments under way in east London We look at ground-breaking initiatives led byPeter Andrews of London Thames Gateway the Institute for SustainabilityDevelopment Corporation (LTGDC) invitesmajor international investors to discuss their contacts 50vision for east London For contacts and feedback visit www.eastmagazine.netwww.eastmagazine.net 03
  4. 4. Westfield Stratford City welcomed one million people through its doors in the first week following its September opening. The £1.45 billion shopping centre at the gateway to the Olympic Park is anchored by leading retailers John Lewis, Waitrose and Marks and Spencer. It hosts more than 300 shops, including the Apple Store, and 70 dining options along with the Great Eastern Market food market. Leisure operators include the All Star Lanes bowling alley, a 17-screen all- digital Vue cinema and there are three hotels. With 177,000sq m of retail and leisure provision, it is Europe’s largest urban shopping centre. “We are overwhelmed by the response from our consumers,” said Michael Gutman, managing director for Westfield UK/Europe. “In the first seven days more than one million people visited, and the transport infrastructure, both road and rail, performed superbly.” A new generation of artists and designers was commissioned to design lights, centre management and concierge uniforms, art installations and an environmental innovation, following a Studio East project last year with a panel including Tracey Emin, Tom Dixon, Roland Mouret and Erin O’Connor. Other art and design elements include a digital fountain by local and international artist Jason Bruges Studio, positioned at the heart of Chestnut Plaza. At least 2,000 of the 10,000 jobs created at Westfield went to local residents. Ultimately the scheme will provide employment for 18,000 when fully built. Westfield has also provided local grants and established the Skills Place – Newham, a retail academy with a focus on providing employment for the local community. What’s in a name? Names for five neighbourhoods planned for the site of the Olympic Park after the London 2012 Games have been decided, after 2,000 residents put forward suggestions. Chobham Manor, between the Velodrome and the Athletes Village, will be the first neighbourhood to be developed, with 800 new homes, community and ancillary facilities including a polyclinic, two nurseries and a community centre. The four other neighbourhoods are: East Wick, next to Hackney Wick; Sweetwater, near Old Ford; Marshgate Wharf, between Stratford City and the Stadium; and Pudding Mill, in and around Pudding Mill Lane station.04 winter 2011
  5. 5. London on track for Top of the class Olympics legacy London is on track to achieve a positive regeneration legacy from the London 2012 Games, according to University of Westminster research commissioned by the Royal Institution of Chartered Surveyors (RICS). The research concludes that London’s strong position, compared to previous host cities, such as Sydney and Barcelona, could be explained by the choice of site, which provided good opportunities for regeneration. East London schools continue to make environment altogether. The involvement of many different stakeholders rapid progress towards excellence, A further £15,000 from LTDGC and unequivocal support from the UK government GCSE results this year revealed. And funded a new rooftop garden for have also contributed. It was found that building St Paul’s Way Trust School in Tower biology studies, which was opened on existing regeneration projects strengthened Hamlets is leading the way. by Professor Brian Cox in June 2011. London’s prospects for a successful Olympic legacy. The school saw passes in science TV star Cox also gave the inaugural There are aspirations for the wider area beyond rise from 29% to 47% in one year for lecture in the school’s new theatre the Olympic Park, with a strong focus on social, double or triple awards. It is predicted (pictured), which – along with its art economic and physical regeneration. that 60% of students will gain at gallery and sports facilities – is for the The project to transform east London involves least a double award in science in whole community to use. ambitious plans set within a challenging economic 2011. And director of learning Asma Rokeby had another successful year, climate. The report suggests the success of Rahman confidently predicted that, with 64% of pupils gaining aspirations to use the Games to deliver urban by 2013, pupils will exceed the 60% A*-C grades at GCSE in 2010. regeneration in east London will ultimately depend GCSE A*-C target set. LTGDC invested in sports facilities on delivering social and economic development St Paul’s underwent a £40 million and built links with East London more widely, rather than merely transforming the Olympic Park. renovation, helped by a £1 million Business Alliance, improving students’ Dr Andrew Smith, senior lecturer in the School grant from London Thames Gateway attractiveness to City and Canary of Architecture and the Built Environment at the Development Corporation, to make Wharf employers. As part of its University of Westminster, said: “The scale of it the first Faraday Science School in £3 million investment, LTGDC’s ambition means success is not guaranteed, but London. The Faraday Project seeks to support for Canning Town’s Eastlea work by the various agencies involved has provided promote innovative ways of teaching Community School contributed a good platform from which to develop a positive science. These include using the latest towards building a centre for teaching regeneration legacy.” technology and resources, in new excellence supported by industry, with state-of-the-art laboratories, and a new hospitality and catering suite, taking the pupils out of the school and an enterprise cafe.The new Docklands Light Railway extension to StratfordInternational has opened, a year ahead of the London 2012Games. The route serves existing stops at Canning Town,West Ham and Stratford, and new stations at StratfordHigh Street, Abbey Road and Star Lane (pictured). The service will help bring new residential, retail andleisure development to the area, and increase employmentopportunities in east London. It will also form a crucial linkduring the London 2012 Games, serving the heart of theOlympic Park. The route complements other transport upgrades inStratford, including improved underground and surfacerail services, plus high speed train links from StratfordInternational to St Pancras Station and Europe.www.eastmagazine.net 05
  6. 6. Bridge extends towpathBids for park homes A new bridge now provides a traffic-The Olympic Park Legacy Company free link to the Olympic Park,(OPLC) has invited bids to build the connecting it with other towpathOlympic Park’s first neighbourhood. routes. The £2.4 million scheme, Chobham Manor will see traditional funded by London Thames Gatewayterraced and mews houses set within Development Corporation andtree-lined avenues, helping to address delivered by British Waterways, opensthe need for larger homes with 70% a safe route under the A11/12 crossing,of the 800 homes offering family reconnecting the River Lea Navigationhousing. In addition, 40% of the new towpath to create over 28 miles ofhomes will be houses with gardens. travel for walkers and cyclists from the The area will also have a health Thames to the Olympic Park.centre, two nurseries, two community The 16 metre-long bridge was builtspaces, neighbourhood shops and the in Huddersfield by CTS Bridges.nearby Chobham Academy school. British Waterways’ Mark Blackwell OPLC chief executive Andrew said: “The bridge will connect toAltman said: “Chobham Manor will a suspended pathway, creating aset the standard for high-quality ‘fly-under’ of the busy road junction.design as the first neighbourhood on Pedestrians and cyclists no longerthe Queen Elizabeth Olympic Park.” need to leave the towpath to cross.” LTGDC’s Julia Brion said: “GettingBarking apprentice opens the towpaths in active and popular use will encourage more people toThe social enterprise behind the get to know east London, stimulatingShoreditch Hoxton Apprenticerestaurant has opened the Barking additional development activity to drive and sustain a waterside Tower completesApprentice. Owner, Training For Life,is a charity that helps people back into renaissance. Improved access and linkages could see restaurants, shops, Canary Wharfemployment. The restaurants servegreat food at affordable prices, while cafes and other amenities coming together to create a new Camden of masterplantraining people in skills to secure the east.”employment. The restaurants are Canary Wharf ’s latest tower has its first occupier: themanaged by industry professionals European Medicines Agency (EMA) has signed a pre-letand staffed partly by trainees. agreement with Canary Wharf Group.Profits are reinvested to help The deal covers 23,225sq m of the 46,450sq m buildingunemployed people. The Hoxton to be built at 25 Churchill Place, with EMA occupying theApprentice has trained over 150 promenade, ground and the first nine office floors of theapprentices, of whom over 70% have 20-storey building from January 2015 for at least 25 years.obtained jobs, some in London’s top A 37-month rent-free period will fund EMA’s fit-out ofrestaurants and hospitality groups. the building. The balance of the space will be marketed by Canary Wharf Group as construction progresses. The new tower will complete development of the original Creatives head east Canary Wharf masterplan. Construction work was due to Hackney Wick’s new creative hub gained impetus in August 2011, when start in autumn 2011. London Thames Gateway Development Corporation (LTGDC) submitted This will be one of the estate’s most energy-efficient redevelopment plans for a 0.6-ha site. Building on an existing cluster office buildings, with lifts which store energy for of creative industries, the plans include 6,000sq m of affordable and reuse elsewhere in the building, ultra-efficient air- flexible workspace, to meet demand from tech start-ups looking for space conditioning which recycles the energy from exhaust air, in east London. and photovoltaic cells to generate energy from the sun’s Spaces will be rent-a-desk, shared incubator space and larger units. rays. The building will also have a green roof to enhance The application includes up to 130 flats, 1,596sq m of retail for a biodiversity and energy efficiency. Not surprisingly, it will convenience store, cafes, bars and restaurants and 1,820sq m of achieve an excellent BREEAM environmental performance public open space. LTGDC, Transport for London and Network Rail plan rating and an Energy Performance Certificate rating of improvements to Hackney Wick Station, relocating the entrance, creating 40 or better. a new ticket hall at ground level, improving stairs and lift access and Construction of the building’s shell, core and fit-out adding a new pedestrian cycle connection underneath the railway line. will be by Canary Wharf Group, and the architect is Kohn Pederson Fox Associates.06 winter 2011
  7. 7. Committed todelivering a vibrantnew neighbourhoodand long term legacyfor LondonQDD, the joint venture betweenDelancey and Qatari Diar, andTriathlon Homes are proudto be playing a part in thetransformation of East London.
  8. 8. 1 REGENERATION IN EAST LONDON 1 THE INTERNATIONAL QUARTER, STRATFORD CITY The International Quarter lies at the heart of Stratford City, a new metropolitan centre for London. A world class development, less than ten minutes from central London on the 700 acre site of the regenerated Olympic Park. £1.3 billion project by Lend Lease and London & Continental Railways 4 million sq ft of Grade A office space 2 350 new homes and 275,000 sq ft hotel 22 acre site of which 3 acres will be civic and open space First commercial occupancy projected for 2014 2 CHOBHAM ACADEMY, STRATFORD Lend Lease is the Principal Sponsor of Chobham Academy, with the Harris Federation appointed as the Educational Lead. Chobham Academy, on the Olympic Village site, puts an educational legacy at 3 the heart of the regeneration ambitions for east London. 1,800 student places Opens September 2013 Pupils aged 3-18 years Specialise in Performing Arts, English and focus on sports 3&4 GREENWICH PENINSULA, LONDON Greenwich Peninsula is the intelligent location for business and pleasure. Minutes from the City, Canary Wharf and City Airport, Greenwich Peninsula is a fully mixed use regeneration project and exciting new London district. £5 billion project by Lend Lease and Quintain Estates & Developments Plc 4 3.5 million sq ft of Grade A flexible office space 10,000 new homes 350,000 sq ft retail and leisure 600 bedroom 4* hotel with London’s largest ballroom KEVIN CHAPMAN, HEAD OF OFFICE DEVELOPMENT, LEND LEASE As organisations look to become greener and reduce their office operational costs, they will look to the environmental and price point advantages that emerging locationswww.lendlease.com like Stratford and Greenwich can offer.
  9. 9. A £557 million deal, signed between the Olympic Delivery Authority (ODA) and a joint venture of property investors Delancey and Qatari Diar, agreed the purchase and long-term management of the Olympic Village. Of 2,818 new homes planned for the village, 1,379 have already been purchased by joint venture Triathlon Homes as high-quality affordable housing. Delancey and Qatari Diar will acquire the ODA’s interests in the remaining 1,439 homes for private housing, along with six adjacent development plots with potential for a further 2,000 new homes. The deal includes profit-share arrangements for the public sector. The majority of private homes will be rented out, with ownership remaining with the Delancey and Qatari Diar joint venture. This will create the first UK private sector residential fund of over 1,000 homes to be owned and directly managed as an investment. Mohammed bin Ali Al Hedfa, group CEO of Qatari Diar, said: “Qatari Diar looks forward to working to ensure that the Olympic Village becomes a fitting legacy to the London 2012 Games, and one that will benefit the local communities. Our commitment to the UK market and to building long-term relationships with our partners and the wider community is of paramount importance to us to ensure that we leave a positive cultural, environmental and sustainable footprint.” Jamie Ritblat, chief executive of Delancey, said: “This acquisition reflects the first truly great residential investment opportunity in the UK; offering the chance to break the mould and create a sustainable leasing model to provide first class accommodation for those who see the chance to rent long-term as the way forward.” ODA chief executive Dennis Hone said: “This deal secures two leading property investors with the experience and expertise needed to make the village one of the strongest legacies from the London 2012 Games. The village will deliver the best of city living all in one place.” Jeremy Hunt, secretary of state for culture, olympics, media and sport, said: “This is a fantastic deal that will give taxpayers a great return and shows how we are securing a legacy from the Games. The village will be the centrepiece of a new vibrant east London community and I am confident that these experienced property investors will deliver a modern, spacious neighbourhood that will contribute hugely to the regeneration of the area, including the provision of much needed new housing.”www.eastmagazine.net 09
  10. 10. Bouygues UK delivers innovative and sustainable construction acrossa wide range of sectors. Our biggest strength is our commitment tointelligent management throughout the entire life-cycle of each project– which is your guarantee of efficiency and excellence. No complications.No delays. Just a refreshingly passionate approach, a team you can rely onand a delivery on budget – every time. It’s the Bouygues UK way.ST PAUL’S WAY TRUST SCHOOL SIR JOHN CASS SCHOOL For more information about our approach and our projects visit: www.bouygues-uk.com
  11. 11. The Olympics has brOughT fOrward easT lOndOn’s regeneraTiOn by aT leasT 10 years. EstatEs GazEttE’s Olympics cOrrespOndenT Nick WhitteN lOOks aT hOw sTraTfOrd has seized iTs chance continued overleaf ➳www.eastmagazine.net 11
  12. 12. he world’s eyes will “These projects are just the beginning. At Sugar House Lane, LandProp has soon be focused on east We will use our land holdings and planning put forward plans for Strand East, a London, as the 200-ha powers to ensure we maximise the benefits development with 1,200 homes and Olympic Park in Stratford of regeneration and development for the 50,000sq m of commercial space. hosts the 30th Olympic people living here, because we believe our Wales says: “We want to transform the Games during the residents deserve the best,” he adds. borough’s economy to create more jobs summer of 2012. Stratford – at the heart The masterplan focuses on four areas and offer real ladders of opportunity for of Newham’s Arc of Opportunity, Europe’s – Stratford Old Town, Carpenters Estate, work and learning. We want to encourage largest regeneration project – has grasped Chobham Farm and Sugar House Lane – more shops to open that will build a new this once-in-a-generation opportunity to because of their strong potential for change metropolitan centre for east London.” transform itself, with more than 20,000 and existing developer pressure. In the short Meanwhile, with its branded red lettering new homes and eight new schools to term, £760 million of early development standing out above the construction work, be built, as well as shops, leisure and opportunities have been identified, bringing Westfield’s £1.45 billion Stratford City community facilities, that will create more in 1,873 new homes and 71,000sq m of shopping centre-led scheme opened in than 46,000 jobs. commercial space. September, welcoming four million visitors, In December 2010 Mayor of Newham In Stratford Old Town, there will be up to a fanfare of praise. John Lewis, Waitrose, Sir Robin Wales approved the Stratford to 1,200 new homes with 204,400sq m Marks & Spencer and Vue Cinema anchor Metropolitan Masterplan, a strategic of retail, education, office and hotel space the retail element of the scheme – Europe’s vision document which was finalised after earmarked to complement development at largest shopping centre – which also a year-long process involving widespread Stratford City, creating a central focal point brought Foyles bookshop to east London. community consultation. of development in the area. Close to the shopping centre, Westfield “Change on a massive scale has already Chobham Farm’s future is seen as being has built the first phase of its 102,000sq m begun in Stratford with the construction of residential with 1,200 homes identified office development at Stratford City. The the Olympic Park and Stratford City – for the area. A mixed-use scheme is being 12,000sq m One Stratford Place has been a new shopping, leisure and commercial considered for the Greater Carpenters available since September, while a further destination of international significance,” neighbourhood with 1,900 homes and 93,000sq m will be delivered after the says Wales. 20,500sq m of commercial space planned. London 2012 Games.12 winter 2011
  13. 13. And as if that wasn’t enough, Australiandeveloper Lend Lease, with London andContinental Railways (LCR), is working upplans to create the UK’s second-largest officecampus, after Canary Wharf. InternationalQuarter Stratford City (IQSC) will see372,000sq m of grade A offices built on a9-ha site next to Westfield’s Stratford City,and in front of the Olympic Park. The total465,000sq m of office space in the twoschemes will create a cluster more thandouble the size of the Paddington officemarket in west London. The £1.3 billion Lend Lease/LCR mixed-use scheme – which also includes26,000sq m of hotel space and 350 newhomes – was defined in a zonal masterplancompleted at the beginning of August 2011,detailing how it will take shape over the15 years following the Games, with the firstoffices ready for occupation from the endof 2014. The offices will be spread across 15 to20 buildings of five to 20 storeys, each ofat least 19,000sq m. Each building will besuitable for businesses of a range of sizes,with fully customisable floor platesranging from 1,400sq m to more than 3,700sq m, allowing tenants to create an away, while Liverpool Street can be reached office environment that meets their needs in less than 10 minutes. For international and reflects their corporate culture. business, London City Airport is within 15 Lend Lease project director Matt Beasley minutes reach. Beasley says: “Unrivalled says: “We will engage with occupiers connectivity, world class workplace from project conception to deliver a amenities and key infrastructure already healthy, sustainable and highly productive in place make the International Quarter workplace, bringing ideas and experiences Stratford City London’s most exciting new from around the world to ensure their commercial district.” corporate vision becomes a reality.” Jones Lang LaSalle (JLL) and BNP Uniquely for a development of its size, all Paribas Real Estate were appointed joint the key infrastructure and facilities will be in office leasing agents for the IQSC scheme inLEFT: Westfield Stratford TOP RIGHT: The bridge place when the first office workers move in. June 2011. Chris Hiatt, chairman of JLL’sCity at night. linking the centre of And those workers will be well connected national office agency team says: “StratfordABOVE: Office space Stratford with Westfield.development is ABOVE RIGHT: Shoppers to other major business hubs. St Pancras will be London’s fourth major office quarter.well under way. at Westfield Stratford City. International station is just six minutes “In the short term, the focus will bewww.eastmagazine.net 13
  14. 14. on riding the wave of the Games. The connectivity is absolutely superb with the likes of the DLR, Overground, the Javelin Stratford’s cultural Newham Sixth Form College (NewVIc). The new education hub will house and Crossrail to come. It will also have and educational dedicated spaces for flexible full-time, pricing advantages over the likes of Canary renaissance part-time and evening study for 3,400 Wharf. We will be able to do a deal in the students, in subjects including law, £30s [per sq ft] and still make money.” The five-storey 8,600sq m University social sciences, accounting, digital As a further boost to the scheme, the Square development in Stratford will media, community development, history Manhattan Loft Corporation (MLC), soon be driving the area’s educational and the performing arts. which has recently fitted out London’s and cultural renewal. Bringing together Stratford’s cultural St Pancras Renaissance Hotel, will build The £33 million redevelopment assets – Stratford Picture House, Theatre a seven-storey 150-bed hotel alongside scheme, which is due to open in Autumn Royal Stratford East, Stratford Circus IQSC. Planning permission has been 2013, will provide space for Birkbeck, and the new University Square scheme secured to extend upwards to 42 storeys to University of London and the University – will create a vibrant cultural quarter at accommodate 253 high-rise apartments. of East London (UEL) as well as Theatre Square. MLC is credited with importing New York-style loft living to the UK and the new penthouse suites in Stratford could become the first east London flats to sell for more than £1 million. But the regeneration of Stratford is not only about new development: it is about building on the area’s history and making use of what is already there. Perhaps the best illustration of this is the £13 million Shoal sculpture, which will run just under 500 metres along the Great Eastern Road providing a striking entrance to the station. The sculpture, designed by architecture practice Studio Egret West, consists of a series of up-lit titanium leaves mounted on poles each of 16 metres in height. It will shimmer in the breeze, making it the largest kinetic sculpture in the world. Yet another medal-winning addition to Stratford. ABOVE: The Shoal RIGHT: University sculpture will run along Square, part of Great Eastern Road to Stratford’s University Stratford station. Quarter development.14 winter 2011
  15. 15. ONE FOCUS, ONE TEAM When it comes to real estate law, DLA Piper delivers. Commercial and innovative, we’re all about providing you with real value: developments and regeneration projects completed, returns maximised, disputes resolved and property portfolios strengthened. Find out more at: www.dlapiperrealworld.com, or contact Peter Taylor, Head of Planning, peter.taylor@dlapiper.comwww.dlapiper.com DLA Piper is an international legal practice, the members of which are separate and distinct legal entities. For further information please refer to www.dlapiper.com/structure | A list of offices can be found at www.dlapiper.com
  16. 16. foreign exchange PA Peter AndrewS, chief executive of London Thames Gateway Development Corporation PhM (LTGDC) – chair NG PA KM BL BoB LAne, chairman of LTGDC BL HM HArALd MüLLer, managing director of LandProp, development arm of Inter IKEA Group PhM PHiLiP MüLLer, marketing and communications manager, LandProp NG nicoLAS Guérin, director, Bouygues UK property development HM PM Peter MurrAy, chairman of New London Architecture and Wordsearch, a communications and marketing company KM Kevin MurPHy, chief executive of ExCeL London, which is owned by ADNEC, Abu Dhabi PM VC National Exhibitions Company VC vAneSSA cLArK, founder of Sinclair Clark consultant surveyors ➳16 winter 2011
  17. 17. Foreign direct investment (FDI) has shrunk globally by over a third since 2006. Emergingmarkets are beginning to dominate but Europe still accounts for over 25% of global FDI. TheUK leads, attracting about 19% of total European investment, about 36% of that coming intoLondon, supporting one in seven jobs in the capital. Last year it created about 20,000 jobs.According to Ernst and Young, incoming businesses are most concerned about transport andlogistics; telecoms infrastructure; and the political, legal and regulatory environment. They wantstability to grow their businesses – with the right skills and labour readily available. So, how to attract those investors? East gathered a panel of experts to comment on how eastLondon is – or should be – attracting investment from overseas. PA What influenced your company’s decision to come LEFT: Peter Andrews chaired into east London? the discussion at KM Abu Dhabi always planned to set up a series of event The View, LTGDC’s centres around the world. It created ADNEC events marketing suite overlooking the centre in the city, to attract business tourism. In Olympics site. looking to expand globally, it targeted London and LEFT BELOW: Harald Müller says ExCeL as a safe and interesting destination to which East tells investors they’re very closely allied. all about the The original ExCeL opened in 2000 and was opportunities for investment in funded by a Malaysian consortium. The development east London. happened thanks to the London Docklands Development Corporation [LDDC], a land deal, fast track planning, business rate holidays, and support for construction. It struggled from day one because of perceptions, connectivity, and not helped at all by Jeremy Clarkson writing about the first Boat Show: “That new place ExCeL… It was so far east it may as well have been in Poland.” VC But that perception hasn’t changed among seasoned central London investors. I’m still amazed by colleagues who haven’t been on the Jubilee line, on High Speed One, or in or through Stratford. They still don’t get how well-connected this area is. HM I arrived just yesterday and I’m staying in the Ibis Hotel in Stratford. No more sleepy Stratford. It’s full of people, traffic jams… it’s a real city. Westfield is the next piece in this whole puzzle, which will pull a whole lot of people to Stratford and put its existence firmly in their minds. ➳www.eastmagazine.net 17
  18. 18. Meet London’s local authorities on 1 March 2012 atCity Hall to discuss their priority development siteswww.sitematchlondon.com or call 020 7978 6840
  19. 19. PA Kevin, are there plans for further investment LEFT: Vanessa Clark of Sinclair in ExCeL? Clark, Kevin KM ur next major project is to reshape the western O Murphy of ExCeL entrance, to make it visible as you get off the and Peter Murray of New London Docklands Light Railway. During that work we Architecture. want to build another 300-bed hotel. ExCeL is trying to become the events destination of London. Crossrail will be transformational, certainly for the Royal Docks and without a doubt for east London. The view of London is shifting towards the east, thanks to Siemens coming into the Royals, and IKEA, not to mention what the O2 has done. PA Harald, why did you invest here – did you target the UK, then London, and then end up in east London? HM We don’t look for ready-developed projects. We really try to find investments we can turn around and create a destination. And of course create value, by buying the land for a decent price, developing it and realising it. The financial crisis was a good moment to invest in the UK – it was overheating but that would die down. After a year looking, we came to east London. Just walking around, I could feel the potential. But before spending several millions on it, we looked at City Airport, ExCeL and Canary Wharf, which all made us certain this was the next up-and-coming area of London. Our board came over in June, and said: “Why are you so slow? Why aren’t you investing more money?” So now we’re trying to close more deals in east London. PA Nicolas – Bouygues has investments across mainland Europe but is relatively new to the UK. Why did Bouygues come to the UK and this area in particular? years later, it’s a great success. The Saint-Denis area NG The UK is a fantastic market, sounder than most is still improving, with a lot of banks and other big other European countries. Why east London? I see companies moving in. three main reasons. First of all, because we are used And thirdly, it was a good opportunity to add far to working with public bodies, and most of the land more value and to create a new city quarter. here was held by public bodies. PM Development has historically taken place in the Secondly, because we’ve got experience of huge West End and the City. One of the great drivers of regeneration, especially in north Paris. For the investment here in east London is the potential. The World Cup in ’98 we built a new stadium. Twelve rest of central London is full up, so it’s much more difficult to do things there. PA Can we get Bob’s view from his wider experience of “The UK is a fantastic marketing other parts of the country? market, sounder than most BL I was responsible for marketing Merseyside in the early 1990s. Here in London we already have a other European countries. world-class product and that’s part of the problem. In Why east London? ... it was Merseyside, the big issue was the seriously damaged brand. And the overwhelming priority was to get a good opportunity to add people to come and see it. far more value and to create As it was 200 miles away, we had a huge programme targeting decision-makers, including a new city quarter” chartering planes and taking people to the Grand National. The problem here is we are part of this successful product, this fantastic world brand. ➳www.eastmagazine.net 19
  20. 20. “We need to appeal to occupiers and create employment. We need to market east London with all its drivers: Canary Wharf, transport, the connections, the O2 and now the shopping” Even though our target market is only in the West connections, the O2 and now the shopping. End, you have to make just as much effort to get KM East London is actually ‘New London’. This them here as you would if they were 200 miles away. part of town is where the investment is going, East London was always the place for messy where transport and connectivity has improved industries. Trying to change that image is a big job, immeasurably, because of the London 2012 Games, as it was changing Merseyside. But Liverpool now because of Westfield. has a very positive image. PhM Yes, but I don’t think we should hide ‘east London’. If we start to change it and somehow wrap it nicely PA It needs co-ordination. The City co-ordinates then it may look desperate. investment by various developers and institutions, PM I think to younger people, east London actually has but there’s no single body to do that for east London very positive connotations. People want to come to – there have been too many agencies competing. live here because it’s exciting, it’s vibrant and there’s a KM There are so many, you’re not quite clear: Gateway lot to do. to London, OPLC, GLA or the ODA, London and HM I need to get people here. If you have the people here, Partners or Visit London, as was. then you don’t need to sell it at MIPIM. VC We absolutely have to market east London to London. In my couple of years at Canary Wharf, PA We will have the people here, with the Games. We are I was pulling investors in, getting a lot of cynical having people come to Westfield. The issue is getting agents over to east London, to Greenwich Peninsula, them to stay rather than go home, as they do at the to Stratford, to Canning Town. And that cynicism moment with ExCeL and O2. is still there. The unique investors at this table are NG The Games gives us a unique opportunity not typical of the investors that come out of London to communicate what is happening outside the and globally. And that’s who we’ve got to appeal Games site. to. Also, we need to appeal to occupiers and create KM ExCeL, City Airport, Canning Town and Westfield employment. We need to market east London should work together strategically on their marketing with all its drivers: Canary Wharf, transport, the and communications, so that we’re sending the same messages. For example, we’ve got a strategic partnership package with our clients, where we send them to Canary Wharf to dine, to party, to shop; to TOP: Vanessa Clark Westfield to shop; and to City Airport. of Sinclair Clark. RIGHT: Peter Andrews and Bob PA Are there any other barriers to entry that you feel Lane, LTGDC’s chief investors find here? executive and chair. OPPOSITE: Nicolas KM Taxation. We’ve got to campaign about taxation. Guérin, director of Also, if we’re going to create a destination, it’s got to Bouygues UK. be a future home for a company’s senior executives. They’ll be thinking where am I going to live? Are my children going to be safe? Are they going to go to a good school? Am I going to put my hand up for 50% tax? VC Universities don’t get much mention in the area – Greenwich University, University of East London, 20 winter 2011
  21. 21. Ravensbourne opened at Greenwich Peninsula. We relocation of particular teams and for divisions that could make so much more of that. Employers want are being restructured. graduates, they want skilled labour. PA Vanessa, do you think that we have got the right PA Equally those universities want to promote their offer for investors and occupiers here? What product to an international population of students; more do we need to do to make this an attractive they want them to come to east London to study. environment for the footloose who could also go VC Definitely, particularly with fee levels as they stand anywhere else in the country? now in the UK. The international players really are VC For investors, it’s about articulating how the area very important. works, and the story of how a group of investors HM What is getting increasingly unbelievable is the invested and continue to invest here, in language planning system, and how expensive it is compared they understand. Putting some facts together, and to the rest of Europe. You need to employ 2,000 creating an investment profile. consultants to get through this stupidity. And The other area is attracting occupiers out they’re very expensive. And this pumps up the prices here. Whether it’s the government, whether it’s of housing. You don’t have this in other countries. pharmaceutical companies, insurance companies There, teachers and nurses can afford to buy their or the banks. own houses – and not by having higher salaries but lower prices for the houses. PA In spite of all the problems we’ve heard about, we’ve NG One thing that’s been done in my country is the only got to look out of the window, to see all these government shifting their offices from the centre wonderful opportunities and what’s being created of Paris to west or east of the city. It sets an example. in the Olympic Park, to see that the future is very VC In fairness, the government has said that Stratford bright for this part of town – and we can help to will be one of the locations it will look at for the accelerate and improve that future. ➳www.eastmagazine.net 21
  22. 22. in ve Pr en st im t o m e pp yi o el rt d un Space to live. Room to grow. ityPrices from £265,000Expected rental £1,300pcmEarn 5.9% property rental yield *A development of 33 family • Award winning design • Family homes arranged around ahomes, built to leading design traditional London garden squareand environmental standards • Investment in new schools, retail and community facilitiesCompletion in Spring 2012 • Highly sustainable homes, nature reserves and acres of green spacesCall now for early purchase • Buy in from £265,000opportunities * Based on Foxglove house typeDEVELOPMENT CORPORATIONmeadowlandlondon.com 0845 337 5759
  23. 23. Government plans for an enterprise zone aim to reGenerate the last piece of the DocklanDs jiGsaw, the royal Docks, builDinG on the success of nearby Developments such as excel anD lonDon city airport. meanwhile, economic renewal is in eviDence to the north. with a rapiDly increasinG community of hiGh-tech start-ups anD establisheD companies, the area has attracteD the attention of Global internet Giant, GooGle. DaviD blackman reportswww.eastmagazine.net 23
  24. 24. he designation of London’s Docklands as an enterprise zone in 1982 may have been the key factor in kickstarting the transformation of the area into the office and residential hub that it is today. And the government has decided to use the enterprise zone mechanism to complete Docklands’ unfinished business – the regeneration of the Royal Docks. The area immediately to the east of Canary Wharf has seen significant investment in recent years, most notably ExCeL, London’s leading convention centre. Construction work has started on industrial engineering superbrand Siemens’ planned exhibition centre for sustainable technology, while London City Airport is expanding developable land. As the Mayor’s economic The government is offering a suite of by two-thirds. A new cable car, linking adviser Anthony Browne points out, the incentives to encourage firms to invest in the docks to the Greenwich Peninsula will docks are no further from the City of its enterprise zones. Firstly, companies that open in time for the London 2012 Games. London than is Hampstead – a greater locate in the enterprise zone will be able But much of the area, covered by one of 21 advantage when Crossrail’s Custom House to claim business rate relief for five years. new-style enterprise zones across England, station is built, giving direct links to both Incoming businesses will also benefit from remains derelict. central London and Heathrow airport. relaxed planning rules, allowing them to The area, which includes Custom House A spur of the Docklands Light Railway expand quickly without going though the and Silvertown Quays, boasts 125-ha of already runs through the Royals. normal bureaucratic hoops. Both incentives are designed to unlock investment in the area. The government also promises to roll out superfast broadband across the zone. Eco Incubator Newham Council’s regeneration director Clive Dutton believes sweeteners are crucial. Laying the building blocks of London’s He says: “In a competitive world, global first ‘smart community’ is the goal of investors will compare not only the location Ravensbourne College Eco Incubator of sites, but those that are best incentivised.” on the Greenwich Peninsula. Much of the Royals site is owned by The £72 million building provides the public sector, most notably the 20-ha space for early stage, high growth waterfront Silvertown Quays site for which potential, creative technology the London Development Agency is seeking companies. Backed by Ravensbourne a development partner. Enterprise and Innovation Centre Newham, has demonstrated its team and Greenwich Council, the Eco commitment to the Royals by locating its Incubator aims to foster a new cluster town hall there, and wants to stop the area of technology, media and design ending up as a collection of crinkly sheds companies on the 162-ha peninsula. – the fate of many 1980s era enterprise The facility already provides zones. The council is keen to secure a mix of space and services for 85 trading uses, ensuring real investment and not just companies, spanning software footloose companies relocating and then development, gaming, social media exiting when the incentives expire. platforms, architecture, transmedia, Vitally for Newham’s economy, this means film and TV production, product local people gaining a share of thousands of design, fashion and advertising. expected new jobs, as has already happened Ravensbourne’s director of enterprise at Westfield Stratford City. Businesses will and innovation, Chris Thompson, says: work with schemes such as the council’s “These companies are an explicit part Workplace employment programme to help of the Tech City regeneration and they residents, especially the borough’s younger are creating new jobs and services.” TOP: Tech City is well established in Shoreditch. people and long-term unemployed. MIDDLE: Emirates Air Line cable car. ABOVE: The new Crossrail station at Custom Newham’s Mayor Sir Robin Wales says: House, Royal Docks. “We want our residents to have the same24 winter 2011
  25. 25. opportunities and aspirations as peopleliving elsewhere in the capital.” The enterprise zone is just one element Tech Cityin the wider regeneration of east London, Tech City is a new kind of regeneration £100,000 of match-funded grants,which sits at the hinge between the Thames initiative. While old-style regeneration which will go to 20 promising digitalGateway and the London-Cambridge projects relied on public sector cash to start-up companies. If successful, thegrowth corridor and is meant to deliver stimulate activity in areas shunned by Launchpad programme will be rolled outaround a quarter of the capital’s new homes the market, Tech City aims to work with nationally to help stimulate the growthon one-twentieth of its land mass. the grain of economic activity. And it and success of small businesses. The regeneration of the Lower Lea Valley hopes to be an engine for the growth, But more typical of the initiative is theis moving rapidly ahead, thanks to the not only of the east London economy but recruitment of former LinkedIn EuropeanGames, and to the west, Shoreditch has seen that of the UK as a whole. managing director Kevin Eyres, to createthe establishment of Tech City. The area around Old Street and a network of experienced mentors who The area’s profile as a centre for high- Shoreditch is Europe’s fastest growing can help guide the fledgling companiestech businesses was confirmed in autumn technology hub. From just 15 digital attracted to the area.2011, as Google announced its lease on a and creative businesses in this area Van Der Kleij says that the chiefseven-storey building, which it will refurbish in 2008, the number has increased to benefit will be to throw a spotlight onand open up to organisations that support 500. According to Tech City Investment the area, which is already home to sometechnology entrepreneurs, providing a Organisation CEO Eric Van Der Kleij, of the fastest-growing digital technologylaunchpad for start-ups and developers, the this number has increased from 200 companies in Europe. These includefirst such Google initiative globally. in the short time since the initiative firms such as Moo.com, Songkick, David Singleton, engineering director was launched by prime minister Wildfire and Tweetdeck.of Google UK, says: “We announced our David Cameron a year ago. “That has IT giants Cisco, Intel and Microsoftinvolvement in the Tech City project last happened without any major government have all followed suit by shiftingyear. Finding a suitable building is the investment,” he says. operations to the area, while Google willfirst major step, and we hope to announce “Tech City is a welcome overlay on support start-ups. New enterprisesmore details about the organisations we’ll what’s been going on here over the include social networking companywork with and how they will use the space last 20 years,” says Hackney Council Yammer, which announced in Augustin the coming months. East London is regeneration cabinet member, councillor that it had chosen London as the homealready home to hundreds of innovative Guy Nicholson, referring to the roots of for its first European headquarters.British start-ups, and has huge potential for today’s digital-creative hub in the artist Yammer, which will be based in sharedeconomic growth and new jobs.” communities that sprung up in the area workspace TechHub, plans to double its Tech City Investment Organisation CEO during the early ’90s. Another advantage staff in the London office by the end ofEric Van Der Kleij, says: “Google is a terrific for technology companies was the area’s the year.example of a major technology business that superfast broadband, created to serve Tech City provides opportunities forunderstands the importance of nurturing the financial sector in the neighbouring fostering the potential of east London’sas well as benefiting from the communities City, which the more recent arrivals have human capital. Digital and creativewhere they operate.” been able to exploit. businesses can readily tap into younger Councillor Guy Nicholson, Hackney Some seedcorn public money is people’s interest in technology, providingcouncil’s cabinet member for regeneration, available. Tech City’s Launchpad them with opportunities to design andsees evidence that this is happening. “It initiative has £2 million to invest in develop new technologies.is not just in Shoreditch and Dalston, butalso in Hackney Central and Wick,” he says.“Developments geared for financial servicesare now being altered to create floor spacethat is more tailored towards artistic andcreative businesses.” On the Greenwich Peninsula to thesouth, Hackney is working with GreenwichCouncil’s Eco Incubator initiative atRavensbourne College. Chris Thompson,Ravensbourne’s director of enterprise andinnovation, says that the recently extendedEast London undergound line is connectingthe different parts of east and south-eastLondon. He says “This is not just aboutShoreditch and the Olympic Park. This is areally powerful boost for the regeneration ofeast London.”www.eastmagazine.net 25
  26. 26. MAIN: London RIB Voyages will run a high-speed service taking VIPs and performers from their West End hotels to the O2 Centre.26 winter 2011
  27. 27. As officiAl pArtners to the london 2012 GAmes, lloydstsB And Bt openreAch Are mAkinG sure the GreAtest show on eArth leAves A viBrAnt leGAcy for eAst london’s Businesses And residents. Paul Coleman reports T hanks to a loan from Lloyds TSB, and its the Olympic Delivery Authority (ODA) and London Thames programme of financial assistance, visitors to Gateway Development Corporation (LTGDC). the Olympic Park will be able to travel in “More accessible and attractive waterways will help draw bygone style on Water Chariots’ canal boat operators of restaurants, shops, cafes and other waterside trips from Tottenham Hale and Limehouse businesses, creating a new Camden of the east,” says the Basin. The Wapping-based operation also LTGDC’s head of economic development, John Middleton. offers VIPs and accredited journalists the enticing option of And for London RIB Voyages – another Thames riverboat travelling to the London 2012 Games entirely on water from operator running a high-speed service taking VIPs and central London, using Thames services run by riverboat performers from their West End hotels to the O2 – Lloyds operators before transferring to Water Chariots at TSB organised a meeting with 2012 hospitality companies. Limehouse Basin. The loan coincided with a £300,000 Such projects typify how Lloyds TSB, official banking waterbus route upgrade, funded by British Waterways, and insurance partner to the Games, is supporting www.eastmagazine.net 27
  28. 28. Swan New Homes is a dynamic developinghousing and regeneration agency with a Innovative homescommitment to delivering high qualityregeneration projects throughout EastLondon and Essex. designed for tomorrow’s• Embracing innovation and providing solutions lifestyles and technologies• Sustainable developments and awareness• Making positive changes for communities Visit swannewhomes.co.uk for further information or• Delivering high quality homes contact the development team on 0300 303 2500 to discuss throughout the Thames Gateway partnership opportunities that can make a difference.
  29. 29. ABOVE: Water Chariots will takevisitors to the Olympic Park from “Lloyds TSB ... is supporting eastTottenham Hale and LimehouseBasin – on board were Mark London businesses in both theBlackwell, British Waterways;Peter Coleman, Water Chariots; run-up to the Games and theand LTGDC’s John Middleton. legacy period afterwards, well beyond its contractual remit”east London businesses in both the run-up to the Games local suppliers which the bank knows that they should bidand the legacy period afterwards, well beyond its contractual for these contracts on CompeteFor.”remit as official banker to the Games. CompeteFor is a free business ‘dating’ site that matches The help was part of a £1 billion fund distributed to firms businesses with thousands of opportunities created by thechasing direct contracts from the London Organising Games. Over 40,000 London businesses have registered,Committee of the Olympic and Paralympic Games (LOCOG) along with another 100,000 firms across the UK.and the ODA. Although this fund was taken up by the end of There are other ways of getting suppliers in touch withJune 2011, Lloyds TSB continues to offer financial support contractors. For example, Evans hosted a catering supplyto firms engaged in Games-related ventures. chain event in Docklands, where buyers from large Paul Evans, Lloyds TSB commercial banking area director appointed 2012 Games suppliers Aramark and Compassfor Essex and east London, says more than £73 million has Group told a host of smaller, specialist suppliers about theirbeen lent to local businesses in 2011, many of which sub-contracting needs. “Smaller suppliers thought it wasattended Lloyds TSB’s 2012 supply chain events. At one such fantastic that they could meet buyers of these largeevent, Evans recalls his alarm at finding one family about to companies,” says Evans. “I left after five hours and they werefund a new business with credit cards. “This was a great still talking and exchanging cards.”business so we arranged a structured commercial loan with There will also be plenty of contracts and sub-contractsmuch lower interest rates,” says Evans. after the Games as the Olympic Park’s new neighbourhoods Even now, at this advanced stage, the ODA is yet to award are developed. Businesses relocating and fit-out andall of its direct contracts. Evans stresses that Lloyds TSB is construction firms will want bank support. Daniels andstill keen to help entrepreneurs further along the Games Evans regularly meet the Olympic Park Legacy Company tosupply chain who want to benefit from the vast hospitality, see how Lloyds TSB can support these businesses.catering, leisure and tourism opportunities that remain. Lloyds TSB already supports Newham Council’s business “Contracts in this phase leading up to the Games are often development programme and is training its staff to becomesmaller yet more specialist,” says Chris Daniels, head of mentors to firms in their area. “It’s given our staff new waysLondon 2012 activation for Lloyds TSB’s wholesale division. of connecting with new customers,” says Daniels. “And itHe recalls a note last summer from LOCOG advising Lloyds gives businesses we help access to new networks and ideas.”TSB that Games organisers needed specialist UK suppliers Evans says that while some firms still need to registerof dim sum, samosas, spices, fresh loaves, pastries, goat’s quickly on CompeteFor, he believes the Games have mademilk and cheese, and goat meat for goat curry. He forwarded a multitude of SMEs far more confident about publicthe LOCOG note to the bank’s frontline staff. “They told tendering and has awakened their entrepreneurial zeal.www.eastmagazine.net 29
  30. 30. W hen London staged the Olympics in 1948, journalists queued to reportwinning feats by telephone, while operators It will also provide a boost for businesses in east London which are now demanding faster and wider bandwidth to run their new 1,000-days-to-go mark. “Our goal was to make sure the new infrastructure delivers the capacity, resilience and diversity todispatched results overseas in morse code. telephone, TV and internet services. Barclay support the Games, journalists, visitors and Fast-forward to 2012 and audiences says: “It will create opportunities for media all of our UK customers,” says Wells.across the planet will be watching the businesses, SMEs and large corporations An estimated 27,000 members ofLondon 2012 Games on an estimated to move into an area now equipped with the media will descend on the Olympic8.5 billion PCs, smartphones and tablets, enabling infrastructure.” Park during the Games. Wells says BTthanks to BT Openreach’s high-bandwith, BT Openreach’s infrastructure is already Openreach is working to ensure the Gameshigh-speed infrastructure. Its super-fast servicing the new Westfield Stratford network covers surges in demand whenfibre access will deliver download speeds City shopping centre. And Andrew Wells, anticipated gold medal performances sendof up to 100 MB per second and upload Openreach 2012 programme director, says: journalists scurrying to other event venues.speeds of up to 30 MB per second. “After the Games the network will support The network will also help ‘beauty cameras’ For those at the Games, BT is working to the thousands of homes being built in the showcase events at iconic venues, suchensure 14,700 athletes and an estimated Olympic Park’s new neighbourhoods.” as the beach volleyball at Horse Guards500,000 visitors can keep in touch with Crucially for the area’s economic growth, Parade, facilitate live screens and supportfamily and friends in over 200 countries. the new high capacity, diverse and secure athletes’ training camps across the country.Athletes in the 2,000 Olympic Village network will also serve the four million Test events have already successfullyapartments will enjoy super-fast, high- square feet of new offices being built at the demonstrated the success of BTbandwidth connections and download International Quarter Stratford City. Openreach’s infrastructure, includingspeeds from new fibre-to-the-premises Super-fast fibre access will be available wireless internet, mobile communications,(FTP) technology, while competitors, to two-thirds of UK homes by 2015, the web hosting, fixed line IP telephony, localofficials and spectators at the Weymouth centrepiece of BT Group’s £2.5 billion area networks, cable TV and broadcast.sailing venue will benefit from fibre-to- investment, and the Games are an In less than 10 years, the park hascabinet (FTC). important testbed for the deployment of raced to the forefront of communications Tim Barclay, BT Openreach managing this technology. infrastructure provision within the UK. Itdirector for sales, marketing and customer “We’ve learnt valuable lessons during is a position that gives the area a hugeengagement, says the Games will the build-up to the Games,” says Barclay. advantage in attracting new businessdemonstrate the potential of technology “We’ve been testing leading edge occupiers over the coming years.which will benefit east London long after technology on a huge scale at a high profile Barclay says the Games will leave athe closing ceremony. “FTP provides a real location. This has focused us on getting it legacy for both BT Openreach and for eastlegacy for future Athletes Village residents,” right – and doing it brilliantly.” London: “The Games are a catalyst forsays Barclay, “and will support other areas Wells recalls the enormity and complexity galvanising our teams. Our infrastructure isbeing regenerated around Stratford.” of BT Openreach’s task on reaching the building a legacy for future generations.”www.eastmagazine.net 31
  31. 31. ST. ANDREWS,TOWER HAMLETS E3 ALTITUDE, TOWER HAMLETS E1 DALSTON SQUARE, HACKNEY E8barrattlondon.com020 8522 5500Mixture of CGIs and actual photography shown
  32. 32. DELIVERINGFOR EAST LONDON MAPLE QUAYS, SOUTHWARK SE16WATERSIDE PARK,NEWHAM E16Aldgate | Brentford | Bromley-by-Bow | Canada Water | Dalston | Edgware | Hayes | Lewisham | Putney | Royal Docks | Wandsworth | Westminster
  33. 33. strand East CAMDEn IslIngton hACKnEY Olympic Park Stratford toWER Bromley by Bow hAMlEts WEstMInstER CItY 02 Canary Wharf 02 Roofwalk lAMbEth soUthWARK34 winter 2011
  34. 34. with the olympic park well on its way to completion and the recent phenomenon of westfield stratford city, there is more yet to come. we focus on six major projects helping to transform east london ➳ re ative Industrie gC sQ n ua kibar rte r inable Indus s usta trie on sP d lon ark bARKIng AnD DAgEnhAM nEWhAM hAVERIng ng king Riverside Canni town ba r bEXlEY gREEWICh www.eastmagazine.net 35
  35. 35. Almost complete is Meadowland, a vital early creating a vibrant new community for part of the Barking Riverside development. 26,000 people. The 2km landscaped This cluster of 33 two-, three- and four- waterfront development of 10,800 homes bedroom homes is set around a landscaped – giving local residents access to the River garden square featuring a community Thames for the first time – will eventually orchard of fruit trees, a rain garden and comprise seven neighbourhoods. Drawing play area. The combination of advanced on £50 million of public funding as well off-site manufacturing techniques and a as £120 million of public infrastructure rigorous design process have created highly funding, the scheme will create 1,500 jobs. sustainable homes that represent a significant Already open, the Rivergate Centre, move forward in the internal space, design designed by van Heyningen and Haward, standards and overall quality of new family comprises a 630-place primary school, homes in the area. place of worship and social enterprise Meadowland is a key residential units, all centred on a public square. A component of the first phase of one of small lake beside the school is landscaped the largest development sites in London. with reed beds to encourage wildlife. At 185-ha, 41% of which is green space, A secondary school (planning approval Barking Riverside is one of the largest secured) forms part of a later phase, with a brownfield regeneration projects in Europe, district centre including a retail superstore. LEFT: Sustainable homes at Meadowland, Barking Riverside. ABOVE: The new Rivergate Centre. RIGHT: Office and studio space at the refurbished Granary. TOP RIGHT: Rathbone Market redevelopment at Canning Town.36 winter 2011
  36. 36. The first phase of work on a vibrantnew Creative Industries Quarter (CIQ) inBarking has been completed with therestoration of a Victorian warehouse. The former granary warehouse hasbeen refurbished, alongside a strikingnew-build addition, to provide officeand studio space on the east bank ofthe River Roding. The developmentcomprises five floors, split into twowings, separated by a central core,and a cafe/bar with a riverside terraceand kitchen. Existing brickwork wasretained on the north wing with thebrand new south wing clad in bronze. Also part of the first phase, theCIQ already has a number of creativeindustries in the restored Malthouse– including the Arc Theatre studio,3Arts Drama Company, SPACE, visualartists and photographers. A newphase of development scheduled forthe new year will create 220 newhomes, workspaces for local artists,a new public square, communityfacilities and better public transportlinks across the River Roding. Peter Andrews, chief executiveat London Thames GatewayDevelopment Corporation, said:“Barking has a vibrant creative The first phase of English Cities Fund’s such as the black redstart, found on theindustries base and our CIQ will act redevelopment of Rathbone Market, which nearby Thames and Lea rivers.as a focal point to attract similar began in December 2010, has been named The main contractor for the developmentindustries to the area.” Vermilion. The scheme is due for completion is Sisk; and the sales agent, Hamptons in summer 2012. It will include a new market International, already reports interest in the square with shops, offices and community apartments, conveniently located just a five facilities. The development features 271 minute journey from Canary Wharf. apartments in a colourfully clad 70m-high, Elsewhere on the Canning Town site 21-storey tower which inspired the name. Bouygues Development and its partner A big attraction for new residents of One Housing Group have submitted plans the apartments will be a communal eco to London Thames Gateway Development garden, with all hard landscaping made Corporation for a 6-ha scheme. from materials recycled from demolished The planning application includes an buildings on site. Rainwater from the roofs outline submission for a masterplan, plus will be diverted into a pond and watering a detailed first phase application with system, while a soundproof ‘green wall’ proposals for 179 residential units of will protect nesting birds from noisy roads both private and affordable housing, as and train lines. Plants have been chosen well as retail units, including a 7,000sq m to recreate the habitat of protected species Morrisons supermarket. ➳www.eastmagazine.net 37

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