IQL office development project confirmed
Lendlease has confirmed the development of a new office-led neighbourhood here at IQL in a joint venture partnership with Canada Pension Plan Investment Board (CPP Investments).
The project will develop the Turing Building, one of four major new office buildings planned for IQL, which will provide a total of 1.6m square feet when fully developed.
Construction is expected to begin in early 2022. Designed by award winning architects Arney Fender Katsalidis, the building will provide 350,000 square feet of flexible Grade A workspace, retail space, and a boutique cinema when complete.
IQL is already a vibrant hub for creative industry, innovation, and business and will complement the East Bank’s leisure, culture and higher education facilities and will also benefit from unrivalled transport links into Central London and the capital’s airports.
The building’s new occupants will join a stellar line-up of institutions such as Transport for London, Cancer Research UK, the British Council and Unicef, all of whom already call IQL home. The neighbourhood will be part of SHIFT, London’s newest innovation district, and will focus on finding answers to the real, every-day problems facing citizens and cities.
Sustainable design is at the heart of IQL, in line with Lendlease’s goal of becoming a 1.5°C aligned company, and its Mission Zero targets of net zero carbon by 2025 and absolute zero by 2040. Awarded BREEAM Outstanding in design stage, the Turing Building is targeting WELL Gold and EPC A ratings and has been selected as a pilot project for NABERS UK, a new measure of energy performance in operation.
Bek Seeley, Managing Director, Development at Lendlease Europe, commented:
“The Turing Building will bring market-leading flexible workspace to Stratford, sitting alongside cultural heavyweights East Bank, UCL and Here East. Sustainability and innovation are at the core of everything we do, and we will be working closely with CPP Investments, and other partners, to develop spaces at IQL where businesses can collaborate, create and grow, surrounded by 560 acres of parkland and waterways.”
Tom Jackson, Managing Director, Head of U.K. Real Estate, CPP Investments, said:
“IQL is an excellent opportunity to further our existing global relationship with Lendlease. This relationship extends to several joint ventures globally and we are delighted to undertake our second partnership here in the U.K., bringing further investment and development activity to London. Stratford is one of the city’s fastest growing sub-markets, with fantastic transport links, over 500 acres of green space, Olympic quality sports facilities and growing culture, leisure and higher education facilities.”