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Sun November 01 2020

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£2bn Stratford mixed-use development set to go ahead

12 Apr 10 Australian developer Lend Lease and London & Continental Railways have agreed a deal to develop a £2bn, office-led development at the Olympics site in Stratford, east London.

Australian developer Lend Lease and London & Continental Railways have agreed a deal to develop a £2bn, office-led development at the Olympics site in Stratford, east London.

The agreements means that the Olympic Delivery Authority and LCR have accepted terms that will see Lend Lease take an equity stake in the 40ha project.

The project involves construction of more than 6m sq ft of mainly office space along with shops, leisure and some residential.

Lend Lease is already working as project manager on the adjacent 2,800â??home Athletes' Village.

Rival Australian developer Westfield is developing the Stratford City shopping centre, 1m sq ft of offices, two hotels, and more than 1,000 homes.

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