The Opportunity
Transforming the Olympic Park into a new metropolitan centre will provide unprecedented housing-led, mixed-use development opportunities over the next 25 years. This will be one of the most significant areas of growth in the capital this century.
The Park will encompass superior sports facilities and family-friendly places to live, work and play. With access to its parklands, venues and amenities, and building on London's best housing traditions, this is a rare opportunity to create a new international destination of choice in east London.
There will be new homes, set within vibrant communities with schools and health care facilities, as well as offices, shops, hotels, leisure and other businesses capable of sustaining thousands of new jobs.
The sporting venues, press centre, broadcast centre and new open spaces will be a valuable set of assets, which would usually take generations to bring together in one place. Having this much land in public ownership, with world standard utilities and infrastructure, the potential of the area cannot be underestimated.
All of this presents a unique opportunity for private sector partners to work with us and create exceptional developments in and around what will be a new quarter of the city, just 15 minutes from central London.
The location:
- Over 4 million people within a 45 minute drive time
- 27.2 million annual footfall through Stratford Regional Station
- Five major universities within 5 miles, with more than 83,000 students
- 1.9 million square feet of state-of-the art retail and leisure space
- £17 billion invested in transport improvements in the lead up to the Games
- All of London's major railway terminals within 35 minutes travel
- Less than 3 hours journey time to Paris
- 20 minutes to London City Airport and 1 hour to Heathrow
The Park:
- 5 world-class permanent sporting venues
- 22 miles of new cycle paths and footpaths
- 9 miles of new roads
- New areas of open space within the whole Park
- 4 miles of improved waterways
There has already been considerable investment into cleaning up the sites to provide 'remediated' development platforms with utilities and transport infrastructure already established.
As the Legacy Company, we will take responsibility for the post-Games Park as a single, managed estate. We will take a long-term and integrated view, harnessing our rich mix of expertise and experience ranging across the professions, from property development and regeneration to international business, sport and marketing, to work with our partners across the public and private sectors.
The facilities, accommodation and infrastructure in the Park are expected to attract and support businesses with the potential to provide a variety of new jobs across a range of sectors.
The Park's future as a metropolitan hub will be enhanced by the completion of a range of initiatives already underway. The Westfield retail and commercial development will create one of the largest and most varied retail centres in the capital. Stratford International Station, together with a number of other transport improvements will make the area one of the best-connected in London.
The Olympic Park will continue to draw visitors from across the world long after the Games in 2012. The area will be lively throughout the year with the legacy sports venues and parklands providing a focus for community, national and international sports events, along with cultural performances and festivals.
The regeneration of the Olympic Park and its role in contributing to the regeneration of east London will require a network of partnerships, new public funding commitments and the infusion and leveraging of private resources.
We are interested in speaking with potential investors at these early stages. If you are interested in discussing potential ideas with us contact info@legacycompany.co.uk
