Planning Approval Achieved for Next Stage at IQL
1 November 2016
Lendlease and LCR joint venture partners in International Quarter London – the capital’s new home for business – today announced they have secured planning approval from the LLDC’s planning committee to begin construction on a new building at Stratford.
The building is a 600,000 sq ft structure that will offer accommodation for more than 7,000 employees, which can be ready for tenant handover from the end of 2019.
The building will make up the largest of three new buildings being designed for International Quarter London, totalling 1.2m sq ft of Grade A office space. The construction of the new building will incorporate a series of external areas and a flexible interior design to accommodate multiple occupants across a range of sectors.
This planning consent builds on the steady progress being made to fully develop the Olympic Park site. Tenancy agreements at the site have been reached with Transport for London and the Financial Conduct Authority, while building the next building is due for completion in 2017.
Ben O’Rourke, Lendlease’s Managing Director of International Quarter London, said: “This building reflects International Quarter London’s focus on creating a pioneering workplace for progressive businesses, placing culture, health and wellbeing at its heart.
“The flexible design will allow it to be occupied by single or multiple tenants, and includes a number of technological innovations which are firsts in the UK on this scale. For example, it will feature an intelligent closed-cavity façade which tracks the sun with dynamic shading and a supply of 100% fresh air throughout the building.”
David Joy, Chief Executive at LCR, said: “Planning permission for the third office scheme at International Quarter London is further good news for the project. This will be an exceptionally designed building, with exemplary Grade A office space for over 7,000 employees – to join the ranks of the FCA’s and TfL’s new headquarters, both of which are progressing well. International Quarter will create more than 25,000 jobs overall, becoming a major new employment hub in East London. We look forward to continuing to work with Lendlease to make this happen.”
At the heart of thriving Stratford and forming a gateway to Queen Elizabeth Olympic Park, International Quarter has outstanding transport connections, shopping, leisure and sports facilities combined with open spaces and parklands.
Lendlease and LCR are in discussions with a number of other major tenants about moving to International Quarter London – which, at a total of four million square feet, is one of the largest new commercial developments in Europe. Once completed, more than 25,000 people will work at the development each day.