The 2012 Business Legacy
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The 2012 Business Legacy

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With less than one year to go to the London 2012 Olympic and Paralympic Games, the excitement and anticipation around new business opportunities is stronger than ever. Organisations across the world ...

With less than one year to go to the London 2012 Olympic and Paralympic Games, the excitement and anticipation around new business opportunities is stronger than ever. Organisations across the world have been instrumental in delivering London’s vision for the Games and now, with the majority of main infrastructure and direct contracts in place, our focus turns to highlighting the next phase of opportunities that the Greatest Show on Earth brings to business – the 25 year development of the Queen Elizabeth Olympic Park.

This webinar will aim to give you an update on: • The status of the 2012 Games and related business opportunities • Overview of the post-games regeneration plans for the Queen Elizabeth Olympic Park • The recently launched British Business Club

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The 2012 Business Legacy Presentation Transcript

  • 1. The 2012 BUSINESS LEGACY Webinar November 2011
  • 2. THE 2012 BUSINESS LEGACY
  • 3. Thank you to our partners…
  • 4. Agenda Status of the 2012 Games and related Business Opportunities Introduction to the British Business Club Overview of the post-games regeneration of Queen Elizabeth Olympic Park Q&A
  • 5. Olympic Games 27th July – 12th August 2012 DATES SET IN STONEParalympic Games 29th August – 9th September 2012 Business Opportunities 262 days to go
  • 6. COMPETEFOR WEBSITE www.competefor.com Current opportunities • Opening ceremony – scenery artwork • Torch relay film and photography services • Games time led walks
  • 7. LOCOG PROCUREMENT October – December 2011• Various clothing• Torch Relay film and Photography• Welcome ceremonies• Cross country equipment• Traffic and parking management• Medical supplies• Technical goods and services for opening and closing ceremonies.
  • 8. BROADER OPPORTUNITIES 70,000 OLYMPIC VOLUNTEERS TORCH RELAY LIVE SITES TRAINING CAMPS HOSPITALITY TRANSPORTATION NOC HOUSES 8,000 CITY VOLUNTEERS CULTURAL OLYMPIAD/LONDON 2012 FESTIVAL
  • 9. NOC Hospitality HousesCelebration Africa (ANOCA)Brazil – Somerset HouseBelgium – Inner TempleCanada – Canadian High CommissionChina - RichmondCroatia - The PelhamCzech Republic - Business Design CentreFrance - Old BillingsgateGermany - Museum of London Docklands & MS DeutschlandHolland - Alexandra PalaceItaly – QEII CentreJamaica - Finsbury ParkJapan - No. 4 Hamilton PlaceRomania – 30 Pavillion RoadSerbia – Serbian EmbassySlovakia – IOD, 116 Pall MallSwitzerland – Glaziers Hall, Southwark Cathedral & the Mug House
  • 10. www.britishbusinessclub.org Twitter: britbizclub• Online forum for UK-based and international business• One-stop shop of information• Membership is free• Partnering Service
  • 11. www.britishbusinessclub.orgTwitter: britbizclub
  • 12. The future…Queen Elizabeth Olympic Park
  • 13. The Legacy Company• Public sector, not-for-profit (May 2009)• Mayoral Development Corporation (April 2012)• 560 acre estate beginning to reopen from late 2013• Up to 8,000 residential units by 2030
  • 14. 2012 Park and venue operators announced Transformation works begin Procurement of legacy contracts begins Confirmation of IBC/MPC anchor tenants Confirmation of stadium tenants 2013 Construction of first Park neighbourhood MUA and VeloPark open North Park events programming begins 2014 Park fully open Tenants in Broadcast and Press Centres South Plaza events programming begins 2015 Construction of first new homes complete First full year of programming across Park 2016 9.3m visitations First year of mature Park programmingOpening the Park
  • 15. Overview of the Park9.3 million visitations a year from 20162000+ events per year – from foodfestivals to summer concerts2.5km2 estate with 250 acres of openspace5 Olympic and Paralympic sports venues26 million visitors a year to WestfieldStratford City845,000m2 of development space– theUK’s largest regeneration project£12.5billion private and public sectorinvestment in the area9 direct rail links - 20 minutes to CoventGarden
  • 16. One Park – Two charactersSOUTH PARK NORTH PARKENTERTAINMENT/SPORT CULTURE/RECREATIONACTIVE PASSIVE
  • 17. World-class venues and infrastructureS ArcelorMittal Orbit Aquatics Centre Stadium SOUTH PLAZAN Stratford International Multi-Use Arena NORTH PARK Broadcast Centre Velodrome
  • 18. The Vision• To create a new piece of city based around a series of successful, sustainable and accessible family communities• For Queen Elizabeth Olympic Park to become a Top 10 London visitor destination by 2020
  • 19. From planning to deliveryPriorities ProgressSecure control of Olympic Park land  CompleteSecure capital and operating budget  CompleteSubmit Legacy Communities Scheme  CompleteConfirm strategy for Press and Broadcast  CompleteCentres and go to market November 2011Agree Park and sport-venue management  CompletearrangementsGo to market for developer partner first phase  CompletehousingGo to market for EOI Park and venues December 2012animationAppoint Orbit Operator and EFM January 2012Appoint Operators for Centre Aquatics and January 2012Multi Use Arena
  • 20. Commercial Opportunities• Tenant for Press Centre and Broadcast Centre• Developers for 5 new neighbourhoods• Interim uses and events• Future attractions operators• Transformation of the Park• Park-wide services• Commercial sponsorship 20
  • 21. Press and Broadcast Centres • New commercial district for the Park • Thousands of new jobs to be generated • Campus-style environment • Over 90,000m2 (1,000,000ft2) of flexible space • Start-ups to global companies • Late 2010: market testing • October 2011: out to market • 2nd December closing date for bids • February 2012: short list tenants • Agree key leases before the Games21
  • 22. Press Centre Internal PhotographsPermanent officespace over 5 floorsGIA: 24,102 sq m (316,763 sqft)NIA: 29,428 sq m (259,434 sqft) 22
  • 23. Broadcast Centre Photographs inside the Internal photographs Broadcast Centre Total area 62,234sqm (669,887sq/ft) • 8,872sqm of office space over 5 floors • 53,362sqm of studio space over 2First floor studios floors
  • 24. Chobham Manor the Park first development• 9.3 Ha site• Circa 800 units• 60% family housing• Parkland setting• 2nd December deadline for PQQ
  • 25. Events and Interim Uses• 2000+ events on the Park• EOI process launching in November 2011
  • 26. Transformationcompletion dates End of February 2013 End of March 2013 End of April 2013 End of May 2013 End of June 2013 End of July 2013 End of August 2013 End of September 2013 End of November 2013 End of December 2013 February 2014 May 2014 Transformation scope boundary
  • 27. Park-wide Services•Grounds and venue Maintenance•Security•Cleaning•Reception staffing•Tenant management•Waste management•Systems development (software etc)•Catering/hospitality•Events infrastructure and support•Merchandise/Retail•Marketing/Comms for park/venues•Venue tours
  • 28. TimelinesDecember 2011/January 2012:• Operators confirmed for the venues• Transformation contractor confirmedJanuary – March 2012:• Buyer engagement programme implemented• OPLC work alongside contractors to agree supply chain management strategiesMarch – September 2012:• Meet the Buyer engagement events• All contracts listed on CompeteFor
  • 29. Opportunities to engageFirst commercial space on the ParkPress and Broadcast Centre – currently out tomarket for tenantwww.legacycompany.co.uk/commercialspaceFirst developer on the ParkChobham Manor – currently out to market for adeveloperwww.legacycompany.co.uk/chobhammanorEvents and interim usesExpressions of interest process launchedautumn/winter 2011
  • 30. Thank you to our partners…
  • 31. Questions & Answers
  • 32. Thank you! To view the presentation online visit:www.londonandpartners.com/business