Plans for Olympic Park tech hub Here East approved for development
iCITY-backed East London creative and digital cluster gets go ahead from LLDC committee to support Tech City cluster
Real estate and data centre joint venture iCITY has announced that its plans to develop former press and broadcast centres at Queen Elizabeth Olympic Park into a “world-leading” digital business hub have been approved by the London Legacy Development Corporation’s (LLDC) planning committee.
iCITY has also revealed that the East London development, which was unveiled by mayor Boris Johnson last May as part of a £1bn initiative to boost Tech City, will be named Here East.
It is intended that Here East, a one million sq ft infrastructure, will house global companies including BT Sport and Infinity LDC, alongside “innovative” creative and digital start-ups; offering access to some of the “most advanced digital [solutions] in the world”.
It will feature three main buildings; a 300,000 sq ft innovation centre, a 1,045 seat auditorium and an 850,000 sq ft building which will combine educational space, broadcast studios, office space, and a “state-of-the-art” data centre.
The overall goal of the “hub” is support the creative and digital industries whilst generating employment, training and education opportunities and it claims that it will create over 7,500 jobs once complete.
Redevelopment is expected to begin in the summer with key tenants locating to the buildings from 2015, and the entire Here East area estimated to be fully operational by 2018.
Gavin Poole, CEO of iCITY, said:
“I am delighted that our designs and plans to develop a world-leading cluster for cutting-edge creative and digital companies have been approved.
“As well as creating thousands of jobs and training opportunities, Here East will provide state of the art infrastructure and capacity for the fastest growing sectors of the UK economy to continue their impressive expansion.”
London mayor, Boris Johnson, continued: “Here East will provide thousands of high quality jobs and be a real jewel in the crown of Queen Elizabeth Olympic Park.”
Dennis Hone, chief executive of LLDC, added:
“This is an exciting legacy, as the buildings that were used to house thousands of journalists during the London 2012 Olympic and Paralympic Games will now create thousands of jobs.
“This is another part of our plan to create a new heart of the city with world class sporting venues as well as new homes and employment opportunities.”
To find out more about the development of Here East, click here.