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London’s hotspot: East London issue two_2011




Bright
 FUtUrE
The schemes lighting up east London


      Westfield opens for business New DLR link Olympic legacy housing plans   www.eastmagazine.net
Strand East is an exciting new development project that
                          will transform 10 hectares of a post industrial land in Stratford,
                          East London, into a thriving new city neighbourhood with:
                          _ 50,000 square metres of commercial space
                          _ 1,200 homes of which 40% will have 3 bedrooms or more
                          _ A 350 bedroom Courtyard by Marriott hotel
                          _ Community facilities
                          _ Open public spaces




                                             YOU

                          2012 Olympic event area of up to 2.5 ha available
                          For more information go to 2012.landprop.eu




strandeast.com
twitter.com/strandeast
facebook.com/strandeast
issue two_2011




                                                                                                                                  11
                                  16                                                             23


                                                  36
news	                                    04      tech city                              23      projects	                                36
News and updates on current projects             High-tech businesses now form a significant    Updates on the main development
                                                 cluster, expanding out from Shoreditch into    projects – we consider how big, how much
olympic village	                         09      opportunity areas such as Hackney Wick,        investment, who is involved and what will
A deal has been signed that will see             where a supply of premises awaits budding      be delivered
Delancey and Qatari Diar take over the           technology entrepreneurs
management of the Olympic Village                                                               head to head	                            41
                                                 olympics sponsors	                     26      Andrew Altman of the Olympic Park Legacy
the new stratford 	                      11      Not just here for the beer – Olympics          Company and LTGDC’s Peter Andrews
The London 2012 Olympics are not the only        sponsors are major investors in east London.   discuss what has been achieved in east
game in town – Stratford is evolving rapidly     We take a look at what their millions will     London – and what’s still to come
into a new commercial and retail centre,         deliver for businesses and communities
with excellent transport links                   beyond the Games                               sustainability	                          46
                                                                                                What infrastructure is needed to deliver
fdi round table	                         16      map	                                   34      a greener neighbourhood? What will a
London is a magnet for foreign direct            Key to the city: map of some of the major      sustainable community look like in 2050?
investment – but what draws global players?      developments under way in east London          We look at ground-breaking initiatives led by
Peter Andrews of London Thames Gateway                                                          the Institute for Sustainability
Development Corporation (LTGDC) invites
major international investors to discuss their                                                  contacts	                                50
vision for east London                                                                          For contacts and feedback visit
                                                                                                www.eastmagazine.net

www.eastmagazine.net                                                                                                                03
Westfield Stratford City welcomed one million people
                                         through its doors in the first week following its
                                         September opening. The £1.45 billion shopping centre
                                         at the gateway to the Olympic Park is anchored by
                                         leading retailers John Lewis, Waitrose and Marks and
                                         Spencer. It hosts more than 300 shops, including the
                                         Apple Store, and 70 dining options along with the
                                         Great Eastern Market food market. Leisure operators
                                         include the All Star Lanes bowling alley, a 17-screen all-
                                         digital Vue cinema and there are three hotels. With
                                         177,000sq m of retail and leisure provision, it is
                                         Europe’s largest urban shopping centre.
                                           “We are overwhelmed by the response from our
                                         consumers,” said Michael Gutman, managing director
                                         for Westfield UK/Europe. “In the first seven days more
                                         than one million people visited, and the transport
                                         infrastructure, both road and rail, performed superbly.”
                                           A new generation of artists and designers was
                                         commissioned to design lights, centre management
                                         and concierge uniforms, art installations and an
                                         environmental innovation, following a Studio East
                                         project last year with a panel including Tracey Emin,
                                         Tom Dixon, Roland Mouret and Erin O’Connor. Other
                                         art and design elements include a digital fountain by
                                         local and international artist Jason Bruges Studio,
                                         positioned at the heart of Chestnut Plaza.
                                           At least 2,000 of the 10,000 jobs created at Westfield
                                         went to local residents. Ultimately the scheme will
                                         provide employment for 18,000 when fully built.
                                         Westfield has also provided local grants and established
                                         the Skills Place – Newham, a retail academy with a focus
                                         on providing employment for the local community.



 What’s in
 a name?
 Names for five neighbourhoods
 planned for the site of the Olympic
 Park after the London 2012 Games
 have been decided, after 2,000
 residents put forward suggestions.
   Chobham Manor, between the
 Velodrome and the Athletes Village,
 will be the first neighbourhood to be
 developed, with 800 new homes,
 community and ancillary facilities
 including a polyclinic, two nurseries
 and a community centre.
   The four other neighbourhoods
 are: East Wick, next to Hackney
 Wick; Sweetwater, near Old Ford;
 Marshgate Wharf, between Stratford
 City and the Stadium; and Pudding
 Mill, in and around Pudding Mill
 Lane station.



04      winter 2011
London on track for                                            Top of the class
  Olympics legacy
  London is on track to achieve a positive
  regeneration legacy from the London 2012 Games,
  according to University of Westminster research
  commissioned by the Royal Institution of Chartered
  Surveyors (RICS).
     The research concludes that London’s strong
  position, compared to previous host cities, such as
  Sydney and Barcelona, could be explained by the
  choice of site, which provided good opportunities
  for regeneration.                                              East London schools continue to make       environment altogether.
     The involvement of many different stakeholders              rapid progress towards excellence,           A further £15,000 from LTDGC
  and unequivocal support from the UK government                 GCSE results this year revealed. And       funded a new rooftop garden for
  have also contributed. It was found that building              St Paul’s Way Trust School in Tower        biology studies, which was opened
  on existing regeneration projects strengthened                 Hamlets is leading the way.                by Professor Brian Cox in June 2011.
  London’s prospects for a successful Olympic legacy.
                                                                    The school saw passes in science        TV star Cox also gave the inaugural
  There are aspirations for the wider area beyond
                                                                 rise from 29% to 47% in one year for       lecture in the school’s new theatre
  the Olympic Park, with a strong focus on social,
                                                                 double or triple awards. It is predicted   (pictured), which – along with its art
  economic and physical regeneration.
                                                                 that 60% of students will gain at          gallery and sports facilities – is for the
     The project to transform east London involves
                                                                 least a double award in science in         whole community to use.
  ambitious plans set within a challenging economic
                                                                 2011. And director of learning Asma          Rokeby had another successful year,
  climate. The report suggests the success of
                                                                 Rahman confidently predicted that,         with 64% of pupils gaining
  aspirations to use the Games to deliver urban
                                                                 by 2013, pupils will exceed the 60%        A*-C grades at GCSE in 2010.
  regeneration in east London will ultimately depend
                                                                 GCSE A*-C target set.                      LTGDC invested in sports facilities
  on delivering social and economic development
                                                                    St Paul’s underwent a £40 million       and built links with East London
  more widely, rather than merely transforming the
  Olympic Park.                                                  renovation, helped by a £1 million         Business Alliance, improving students’
     Dr Andrew Smith, senior lecturer in the School              grant from London Thames Gateway           attractiveness to City and Canary
  of Architecture and the Built Environment at the               Development Corporation, to make           Wharf employers. As part of its
  University of Westminster, said: “The scale of                 it the first Faraday Science School in     £3 million investment, LTGDC’s
  ambition means success is not guaranteed, but                  London. The Faraday Project seeks to       support for Canning Town’s Eastlea
  work by the various agencies involved has provided             promote innovative ways of teaching        Community School contributed
  a good platform from which to develop a positive               science. These include using the latest    towards building a centre for teaching
  regeneration legacy.”                                          technology and resources, in new           excellence supported by industry, with
                                                                 state-of-the-art laboratories, and         a new hospitality and catering suite,
                                                                 taking the pupils out of the school        and an enterprise cafe.




The new Docklands Light Railway extension to Stratford
International has opened, a year ahead of the London 2012
Games. The route serves existing stops at Canning Town,
West Ham and Stratford, and new stations at Stratford
High Street, Abbey Road and Star Lane (pictured).
   The service will help bring new residential, retail and
leisure development to the area, and increase employment
opportunities in east London. It will also form a crucial link
during the London 2012 Games, serving the heart of the
Olympic Park.
   The route complements other transport upgrades in
Stratford, including improved underground and surface
rail services, plus high speed train links from Stratford
International to St Pancras Station and Europe.

www.eastmagazine.net                                                                                                                        05
Bridge extends
                                           towpath
Bids for park homes
                                           A new bridge now provides a traffic-
The Olympic Park Legacy Company            free link to the Olympic Park,
(OPLC) has invited bids to build the       connecting it with other towpath
Olympic Park’s first neighbourhood.        routes. The £2.4 million scheme,
  Chobham Manor will see traditional       funded by London Thames Gateway
terraced and mews houses set within        Development Corporation and
tree-lined avenues, helping to address     delivered by British Waterways, opens
the need for larger homes with 70%         a safe route under the A11/12 crossing,
of the 800 homes offering family           reconnecting the River Lea Navigation
housing. In addition, 40% of the new       towpath to create over 28 miles of
homes will be houses with gardens.         travel for walkers and cyclists from the
  The area will also have a health         Thames to the Olympic Park.
centre, two nurseries, two community          The 16 metre-long bridge was built
spaces, neighbourhood shops and the        in Huddersfield by CTS Bridges.
nearby Chobham Academy school.             British Waterways’ Mark Blackwell
  OPLC chief executive Andrew              said: “The bridge will connect to
Altman said: “Chobham Manor will           a suspended pathway, creating a
set the standard for high-quality          ‘fly-under’ of the busy road junction.
design as the first neighbourhood on       Pedestrians and cyclists no longer
the Queen Elizabeth Olympic Park.”         need to leave the towpath to cross.”
                                              LTGDC’s Julia Brion said: “Getting
Barking apprentice opens                   the towpaths in active and popular
                                           use will encourage more people to
The social enterprise behind the           get to know east London, stimulating
Shoreditch Hoxton Apprentice
restaurant has opened the Barking
                                           additional development activity
                                           to drive and sustain a waterside
                                                                                      Tower completes
Apprentice. Owner, Training For Life,
is a charity that helps people back into
                                           renaissance. Improved access and
                                           linkages could see restaurants, shops,
                                                                                      Canary Wharf
employment. The restaurants serve
great food at affordable prices, while
                                           cafes and other amenities coming
                                           together to create a new Camden of         masterplan
training people in skills to secure        the east.”
employment. The restaurants are                                                       Canary Wharf ’s latest tower has its first occupier: the
managed by industry professionals                                                     European Medicines Agency (EMA) has signed a pre-let
and staffed partly by trainees.                                                       agreement with Canary Wharf Group.
Profits are reinvested to help                                                          The deal covers 23,225sq m of the 46,450sq m building
unemployed people. The Hoxton                                                         to be built at 25 Churchill Place, with EMA occupying the
Apprentice has trained over 150                                                       promenade, ground and the first nine office floors of the
apprentices, of whom over 70% have                                                    20-storey building from January 2015 for at least 25 years.
obtained jobs, some in London’s top                                                   A 37-month rent-free period will fund EMA’s fit-out of
restaurants and hospitality groups.                                                   the building. The balance of the space will be marketed by
                                                                                      Canary Wharf Group as construction progresses.
                                                                                        The new tower will complete development of the original
     Creatives head east                                                              Canary Wharf masterplan. Construction work was due to
     Hackney Wick’s new creative hub gained impetus in August 2011, when              start in autumn 2011.
     London Thames Gateway Development Corporation (LTGDC) submitted                    This will be one of the estate’s most energy-efficient
     redevelopment plans for a 0.6-ha site. Building on an existing cluster           office buildings, with lifts which store energy for
     of creative industries, the plans include 6,000sq m of affordable and            reuse elsewhere in the building, ultra-efficient air-
     flexible workspace, to meet demand from tech start-ups looking for space         conditioning which recycles the energy from exhaust air,
     in east London.                                                                  and photovoltaic cells to generate energy from the sun’s
        Spaces will be rent-a-desk, shared incubator space and larger units.          rays. The building will also have a green roof to enhance
     The application includes up to 130 flats, 1,596sq m of retail for a              biodiversity and energy efficiency. Not surprisingly, it will
     convenience store, cafes, bars and restaurants and 1,820sq m of                  achieve an excellent BREEAM environmental performance
     public open space. LTGDC, Transport for London and Network Rail plan             rating and an Energy Performance Certificate rating of
     improvements to Hackney Wick Station, relocating the entrance, creating          40 or better.
     a new ticket hall at ground level, improving stairs and lift access and            Construction of the building’s shell, core and fit-out
     adding a new pedestrian cycle connection underneath the railway line.            will be by Canary Wharf Group, and the architect is Kohn
                                                                                      Pederson Fox Associates.


06         winter 2011
Committed to
delivering a vibrant
new neighbourhood
and long term legacy
for London
QDD, the joint venture between
Delancey and Qatari Diar, and
Triathlon Homes are proud
to be playing a part in the
transformation of East London.
1




                          REGENERATION
                          IN EAST LONDON
                          1 THE INTERNATIONAL QUARTER,
                            STRATFORD CITY
                            The International Quarter lies at the heart of Stratford City, a new
                            metropolitan centre for London. A world class development, less
                            than ten minutes from central London on the 700 acre site of the
                            regenerated Olympic Park.
                            £1.3 billion project by Lend Lease and London & Continental
                            Railways
                            4 million sq ft of Grade A office space
                    2       350 new homes and 275,000 sq ft hotel
                            22 acre site of which 3 acres will be civic and open space
                            First commercial occupancy projected for 2014


                          2 CHOBHAM ACADEMY, STRATFORD
                            Lend Lease is the Principal Sponsor of Chobham Academy, with
                            the Harris Federation appointed as the Educational Lead. Chobham
                            Academy, on the Olympic Village site, puts an educational legacy at
                    3
                            the heart of the regeneration ambitions for east London.
                            1,800 student places
                            Opens September 2013
                            Pupils aged 3-18 years
                            Specialise in Performing Arts, English and focus on sports


                        3&4 GREENWICH PENINSULA, LONDON
                            Greenwich Peninsula is the intelligent location for business and pleasure.
                            Minutes from the City, Canary Wharf and City Airport, Greenwich Peninsula
                            is a fully mixed use regeneration project and exciting new London district.
                            £5 billion project by Lend Lease and Quintain Estates
                            & Developments Plc

                    4       3.5 million sq ft of Grade A flexible office space
                            10,000 new homes
                            350,000 sq ft retail and leisure
                            600 bedroom 4* hotel with London’s largest ballroom




                                                                                      KEVIN CHAPMAN,
                                                               HEAD OF OFFICE DEVELOPMENT, LEND LEASE

                              As organisations look to become greener
                              and reduce their office operational costs,
                              they will look to the environmental and price
                              point advantages that emerging locations
www.lendlease.com             like Stratford and Greenwich can offer.
A £557 million deal, signed between the Olympic Delivery Authority
                       (ODA) and a joint venture of property investors Delancey and Qatari Diar,
                       agreed the purchase and long-term management of the Olympic Village.
                          Of 2,818 new homes planned for the village, 1,379 have already been
                       purchased by joint venture Triathlon Homes as high-quality affordable
                       housing. Delancey and Qatari Diar will acquire the ODA’s interests in
                       the remaining 1,439 homes for private housing, along with six adjacent
                       development plots with potential for a further 2,000 new homes. The deal
                       includes profit-share arrangements for the public sector.
                          The majority of private homes will be rented out, with ownership
                       remaining with the Delancey and Qatari Diar joint venture. This will create
                       the first UK private sector residential fund of over 1,000 homes to be
                       owned and directly managed as an investment.
                          Mohammed bin Ali Al Hedfa, group CEO of Qatari Diar, said: “Qatari
                       Diar looks forward to working to ensure that the Olympic Village becomes
                       a fitting legacy to the London 2012 Games, and one that will benefit the
                       local communities. Our commitment to the UK market and to building
                       long-term relationships with our partners and the wider community is of
                       paramount importance to us to ensure that we leave a positive cultural,
                       environmental and sustainable footprint.”
                          Jamie Ritblat, chief executive of Delancey, said: “This acquisition
                       reflects the first truly great residential investment opportunity in the UK;
                       offering the chance to break the mould and create a sustainable leasing
                       model to provide first class accommodation for those who see the chance
                       to rent long-term as the way forward.”
                          ODA chief executive Dennis Hone said: “This deal secures two leading
                       property investors with the experience and expertise needed to make the
                       village one of the strongest legacies from the London 2012 Games. The
                       village will deliver the best of city living all in one place.”
                          Jeremy Hunt, secretary of state for culture, olympics, media and sport,
                       said: “This is a fantastic deal that will give taxpayers a great return and
                       shows how we are securing a legacy from the Games. The village will
                       be the centrepiece of a new vibrant east London community and I am
                       confident that these experienced property investors will deliver a modern,
                       spacious neighbourhood that will contribute hugely to the regeneration of
                       the area, including the provision of much needed new housing.”




www.eastmagazine.net                                                                          09
Bouygues UK delivers innovative and sustainable construction across
a wide range of sectors. Our biggest strength is our commitment to
intelligent management throughout the entire life-cycle of each project
– which is your guarantee of efficiency and excellence. No complications.
No delays. Just a refreshingly passionate approach, a team you can rely on
and a delivery on budget – every time. It’s the Bouygues UK way.


ST PAUL’S WAY TRUST SCHOOL                  SIR JOHN CASS SCHOOL




        For more information about our approach and our projects visit:

             www.bouygues-uk.com
The Olympics has brOughT fOrward
                       easT lOndOn’s regeneraTiOn by aT
                       leasT 10 years. EstatEs GazEttE’s
                       Olympics cOrrespOndenT Nick
                       WhitteN lOOks aT hOw sTraTfOrd
                       has seized iTs chance
                                             continued overleaf   ➳



www.eastmagazine.net                                          11
he world’s eyes will          “These projects are just the beginning.        At Sugar House Lane, LandProp has
                         soon be focused on east     We will use our land holdings and planning       put forward plans for Strand East, a
                         London, as the 200-ha       powers to ensure we maximise the benefits        development with 1,200 homes and
                         Olympic Park in Stratford   of regeneration and development for the          50,000sq m of commercial space.
                         hosts the 30th Olympic      people living here, because we believe our         Wales says: “We want to transform the
                         Games during the            residents deserve the best,” he adds.            borough’s economy to create more jobs
     summer of 2012. Stratford – at the heart          The masterplan focuses on four areas           and offer real ladders of opportunity for
     of Newham’s Arc of Opportunity, Europe’s        – Stratford Old Town, Carpenters Estate,         work and learning. We want to encourage
     largest regeneration project – has grasped      Chobham Farm and Sugar House Lane –              more shops to open that will build a new
     this once-in-a-generation opportunity to        because of their strong potential for change     metropolitan centre for east London.”
     transform itself, with more than 20,000         and existing developer pressure. In the short      Meanwhile, with its branded red lettering
     new homes and eight new schools to              term, £760 million of early development          standing out above the construction work,
     be built, as well as shops, leisure and         opportunities have been identified, bringing     Westfield’s £1.45 billion Stratford City
     community facilities, that will create more     in 1,873 new homes and 71,000sq m of             shopping centre-led scheme opened in
     than 46,000 jobs.                               commercial space.                                September, welcoming four million visitors,
       In December 2010 Mayor of Newham                In Stratford Old Town, there will be up        to a fanfare of praise. John Lewis, Waitrose,
     Sir Robin Wales approved the Stratford          to 1,200 new homes with 204,400sq m              Marks & Spencer and Vue Cinema anchor
     Metropolitan Masterplan, a strategic            of retail, education, office and hotel space     the retail element of the scheme – Europe’s
     vision document which was finalised after       earmarked to complement development at           largest shopping centre – which also
     a year-long process involving widespread        Stratford City, creating a central focal point   brought Foyles bookshop to east London.
     community consultation.                         of development in the area.                        Close to the shopping centre, Westfield
       “Change on a massive scale has already          Chobham Farm’s future is seen as being         has built the first phase of its 102,000sq m
     begun in Stratford with the construction of     residential with 1,200 homes identified          office development at Stratford City. The
     the Olympic Park and Stratford City –           for the area. A mixed-use scheme is being        12,000sq m One Stratford Place has been
     a new shopping, leisure and commercial          considered for the Greater Carpenters            available since September, while a further
     destination of international significance,”     neighbourhood with 1,900 homes and               93,000sq m will be delivered after the
     says Wales.                                     20,500sq m of commercial space planned.          London 2012 Games.




12        winter 2011
And as if that wasn’t enough, Australian
developer Lend Lease, with London and
Continental Railways (LCR), is working up
plans to create the UK’s second-largest office
campus, after Canary Wharf. International
Quarter Stratford City (IQSC) will see
372,000sq m of grade A offices built on a
9-ha site next to Westfield’s Stratford City,
and in front of the Olympic Park. The total
465,000sq m of office space in the two
schemes will create a cluster more than
double the size of the Paddington office
market in west London.
  The £1.3 billion Lend Lease/LCR mixed-
use scheme – which also includes
26,000sq m of hotel space and 350 new
homes – was defined in a zonal masterplan
completed at the beginning of August 2011,
detailing how it will take shape over the
15 years following the Games, with the first
offices ready for occupation from the end
of 2014.
  The offices will be spread across 15 to
20 buildings of five to 20 storeys, each of
at least 19,000sq m. Each building will be
suitable for businesses of a range of sizes,
with fully customisable floor plates
ranging from 1,400sq m to more than




                                                           3,700sq m, allowing tenants to create an           away, while Liverpool Street can be reached
                                                           office environment that meets their needs          in less than 10 minutes. For international
                                                           and reflects their corporate culture.              business, London City Airport is within 15
                                                             Lend Lease project director Matt Beasley         minutes reach. Beasley says: “Unrivalled
                                                           says: “We will engage with occupiers               connectivity, world class workplace
                                                           from project conception to deliver a               amenities and key infrastructure already
                                                           healthy, sustainable and highly productive         in place make the International Quarter
                                                           workplace, bringing ideas and experiences          Stratford City London’s most exciting new
                                                           from around the world to ensure their              commercial district.”
                                                           corporate vision becomes a reality.”                 Jones Lang LaSalle (JLL) and BNP
                                                             Uniquely for a development of its size, all      Paribas Real Estate were appointed joint
                                                           the key infrastructure and facilities will be in   office leasing agents for the IQSC scheme in
LEFT: Westfield Stratford   TOP RIGHT: The bridge          place when the first office workers move in.       June 2011. Chris Hiatt, chairman of JLL’s
City at night.              linking the centre of            And those workers will be well connected         national office agency team says: “Stratford
ABOVE: Office space         Stratford with Westfield.
development is              ABOVE RIGHT: Shoppers          to other major business hubs. St Pancras           will be London’s fourth major office quarter.
well under way.             at Westfield Stratford City.   International station is just six minutes            “In the short term, the focus will be

www.eastmagazine.net                                                                                                                                  13
on riding the wave of the Games. The
     connectivity is absolutely superb with the
     likes of the DLR, Overground, the Javelin
                                                         Stratford’s cultural                      Newham Sixth Form College (NewVIc).
                                                                                                     The new education hub will house
     and Crossrail to come. It will also have            and educational                           dedicated spaces for flexible full-time,
     pricing advantages over the likes of Canary         renaissance                               part-time and evening study for 3,400
     Wharf. We will be able to do a deal in the                                                    students, in subjects including law,
     £30s [per sq ft] and still make money.”             The five-storey 8,600sq m University      social sciences, accounting, digital
        As a further boost to the scheme, the            Square development in Stratford will      media, community development, history
     Manhattan Loft Corporation (MLC),                   soon be driving the area’s educational    and the performing arts.
     which has recently fitted out London’s              and cultural renewal.                       Bringing together Stratford’s cultural
     St Pancras Renaissance Hotel, will build              The £33 million redevelopment           assets – Stratford Picture House, Theatre
     a seven-storey 150-bed hotel alongside              scheme, which is due to open in Autumn    Royal Stratford East, Stratford Circus
     IQSC. Planning permission has been                  2013, will provide space for Birkbeck,    and the new University Square scheme
     secured to extend upwards to 42 storeys to          University of London and the University   – will create a vibrant cultural quarter at
     accommodate 253 high-rise apartments.               of East London (UEL) as well as           Theatre Square.
        MLC is credited with importing New
     York-style loft living to the UK and the new
     penthouse suites in Stratford could become
     the first east London flats to sell for more
     than £1 million.
        But the regeneration of Stratford is not
     only about new development: it is about
     building on the area’s history and making
     use of what is already there. Perhaps the
     best illustration of this is the £13 million
     Shoal sculpture, which will run just under
     500 metres along the Great Eastern Road
     providing a striking entrance to the station.
        The sculpture, designed by architecture
     practice Studio Egret West, consists of a
     series of up-lit titanium leaves mounted
     on poles each of 16 metres in height. It will
     shimmer in the breeze, making it the largest
     kinetic sculpture in the world. Yet another
     medal-winning addition to Stratford.



     ABOVE: The Shoal           RIGHT: University
     sculpture will run along   Square, part of
     Great Eastern Road to      Stratford’s University
     Stratford station.         Quarter development.



14          winter 2011
ONE FOCUS, ONE TEAM
       When it comes to real estate law, DLA Piper delivers. Commercial and innovative, we’re
     all about providing you with real value: developments and regeneration projects completed,
             returns maximised, disputes resolved and property portfolios strengthened.

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                 or contact Peter Taylor, Head of Planning, peter.taylor@dlapiper.com




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foreign
                                   exchange




                                             PA    Peter AndrewS, chief executive of London Thames Gateway Development Corporation
                        PhM
                                                   (LTGDC) – chair
                NG            PA   KM        BL    BoB LAne, chairman of LTGDC
     BL                                      HM    HArALd MüLLer, managing director of LandProp, development arm of Inter IKEA Group
                                             PhM   PHiLiP MüLLer, marketing and communications manager, LandProp
                                             NG    nicoLAS Guérin, director, Bouygues UK property development
                         HM                  PM    Peter MurrAy, chairman of New London Architecture and Wordsearch, a communications
                                                   and marketing company
                                             KM    Kevin MurPHy, chief executive of ExCeL London, which is owned by ADNEC, Abu Dhabi
              PM                        VC
                                                   National Exhibitions Company
                                             VC    vAneSSA cLArK, founder of Sinclair Clark consultant surveyors
                                                                                                                                        ➳

16        winter 2011
Foreign direct investment (FDI) has shrunk globally by over a third since 2006. Emerging
markets are beginning to dominate but Europe still accounts for over 25% of global FDI. The
UK leads, attracting about 19% of total European investment, about 36% of that coming into
London, supporting one in seven jobs in the capital. Last year it created about 20,000 jobs.
According to Ernst and Young, incoming businesses are most concerned about transport and
logistics; telecoms infrastructure; and the political, legal and regulatory environment. They want
stability to grow their businesses – with the right skills and labour readily available.
  So, how to attract those investors? East gathered a panel of experts to comment on how east
London is – or should be – attracting investment from overseas.


  PA   	 What	influenced	your	company’s	decision	to	come	                                            LEFT: Peter
                                                                                                     Andrews chaired
         into	east	London?	                                                                          the discussion at
  KM   		Abu	Dhabi	always	planned	to	set	up	a	series	of	event	                                       The View, LTGDC’s
         centres	around	the	world.	It	created	ADNEC	events	                                          marketing suite
                                                                                                     overlooking the
         centre	in	the	city,	to	attract	business	tourism.	In	                                        Olympics site.
         looking	to	expand	globally,	it	targeted	London	and	                                         LEFT BELOW:
                                                                                                     Harald Müller says
         ExCeL	as	a	safe	and	interesting	destination	to	which	
                                                                                                     East tells investors
         they’re	very	closely	allied.                                                                all about the
         	 The	original	ExCeL	opened	in	2000	and	was	                                                opportunities
                                                                                                     for investment in
         funded	by	a	Malaysian	consortium.	The	development	                                          east London.
         happened	thanks	to	the	London	Docklands	
         Development	Corporation	[LDDC],	a	land	deal,	fast	
         track	planning,	business	rate	holidays,	and	support	
         for	construction.	
         	 It	struggled	from	day	one	because	of	perceptions,	
         connectivity,	and	not	helped	at	all	by	Jeremy	
         Clarkson	writing	about	the	first	Boat	Show:	“That	
         new	place	ExCeL…	It	was	so	far	east	it	may	as	well	
         have	been	in	Poland.”	
  VC   		But	that	perception	hasn’t	changed	among	seasoned	
         central		London	investors.	I’m	still	amazed	by	
         colleagues	who	haven’t	been	on	the	Jubilee	line,	on	
         High	Speed	One,	or	in	or	through	Stratford.	They	
         still	don’t	get	how	well-connected	this	area	is.	
  HM   		I	arrived	just	yesterday	and	I’m	staying	in	the	Ibis	
         Hotel	in	Stratford.	No	more	sleepy	Stratford.	It’s	full	
         of	people,	traffic	jams…	it’s	a	real	city.	Westfield	is	
         the	next	piece	in	this	whole	puzzle,	which	will	pull	a	
         whole	lot	of	people	to	Stratford	and	put	its	existence	
         firmly	in	their	minds.                                                                                    ➳




www.eastmagazine.net                                                                                            17
Meet London’s local authorities on 1 March 2012 at
City Hall to discuss their priority development sites
www.sitematchlondon.com or call 020 7978 6840
PA   		Kevin,	are	there	plans	for	further	investment		                                                                                LEFT: Vanessa
                                                                                                                                        Clark of Sinclair
         in	ExCeL?                                                                                                                      Clark, Kevin
  KM   		 ur	next	major	project	is	to	reshape	the	western	
         O                                                                                                                              Murphy of ExCeL
         entrance,	to	make	it	visible	as	you	get	off	the	                                                                               and Peter Murray
                                                                                                                                        of New London
         Docklands	Light	Railway.	During	that	work	we	                                                                                  Architecture.
         want	to	build	another	300-bed	hotel.	ExCeL	is	
         trying	to	become	the	events	destination	of	London.	
         Crossrail	will	be	transformational,	certainly	for	the	
         Royal	Docks	and	without	a	doubt	for	east	London.	
         The	view	of	London	is	shifting	towards	the	east,	
         thanks	to	Siemens	coming	into	the	Royals,	and	
         IKEA,	not	to	mention	what	the	O2	has	done.	

  PA   	 Harald,	why	did	you	invest	here	–	did	you	target	the	
         UK,	then	London,	and	then	end	up	in	east	London?	
  HM   		We	don’t	look	for	ready-developed	projects.	We	
         really	try	to	find	investments	we	can	turn	around	
         and	create	a	destination.	And	of	course	create	value,	
         by	buying	the	land	for	a	decent	price,	developing	
         it	and	realising	it.	The	financial	crisis	was	a	good	
         moment	to	invest	in	the	UK	–	it	was	overheating	but	
         that	would	die	down.	After	a	year	looking,	we	came	
         to	east	London.	Just	walking	around,	I	could	feel	
         the	potential.	But	before	spending	several	millions	
         on	it,	we	looked	at	City	Airport,	ExCeL	and	Canary	
         Wharf,	which	all	made	us	certain	this	was	the	next	
         up-and-coming	area	of	London.	Our	board	came	
         over	in	June,	and	said:	“Why	are	you	so	slow?	Why	
         aren’t	you	investing	more	money?”	So	now	we’re	
         trying	to	close	more	deals	in	east	London.	

  PA   		Nicolas	–	Bouygues	has	investments	across	
         mainland	Europe	but	is	relatively	new	to	the	UK.	
         Why	did	Bouygues	come	to	the	UK	and	this	area		
         in	particular?	                                                     years	later,	it’s	a	great	success.	The	Saint-Denis	area	
  NG   		The	UK	is	a	fantastic	market,	sounder	than	most	                    is	still	improving,	with	a	lot	of	banks	and	other	big	
         other	European	countries.	Why	east	London?	I	see	                   companies	moving	in.	
         three	main	reasons.	First	of	all,	because	we	are	used	              	 And	thirdly,	it	was	a	good	opportunity	to	add	far	
         to	working	with	public	bodies,	and	most	of	the	land	                more	value	and	to	create	a	new	city	quarter.	
         here	was	held	by	public	bodies.	                             PM   	 Development	has	historically	taken	place	in	the	
         	 Secondly,	because	we’ve	got	experience	of	huge	                   West	End	and	the	City.	One	of	the	great	drivers	of	
         regeneration,	especially	in	north	Paris.	For	the	                   investment	here	in	east	London	is	the	potential.	The	
         World	Cup	in	’98	we	built	a	new	stadium.	Twelve	                    rest	of	central	London	is	full	up,	so	it’s	much	more	
                                                                             difficult	to	do	things	there.	

                                                                      PA   	 Can	we	get	Bob’s	view	from	his	wider	experience	of	
        “The	UK	is	a	fantastic	                                              marketing	other	parts	of	the	country?

        market,	sounder	than	most	                                    BL   	 I	was	responsible	for	marketing	Merseyside	in	the	
                                                                             early	1990s.	Here	in	London	we	already	have	a	
        other	European	countries.	                                           world-class	product	and	that’s	part	of	the	problem.	In	
        Why	east	London?	...	it	was		                                        Merseyside,	the	big	issue	was	the	seriously	damaged	
                                                                             brand.	And	the	overwhelming	priority	was	to	get	
        a	good	opportunity	to	add		                                          people	to	come	and	see	it.	
        far	more	value	and	to	create		                            	          	 As	it	was	200	miles	away,	we	had	a	huge	
                                                                             programme	targeting	decision-makers,	including	
        a	new	city	quarter”		                                                chartering	planes	and	taking	people	to	the	Grand	
                                                                             National.	The	problem	here	is	we	are	part	of	this	
                                                                             successful	product,	this	fantastic	world	brand.	                        ➳




www.eastmagazine.net                                                                                                                              19
“We	need	to	appeal	to	
                                                                                                   occupiers	and	create	
                                                                                                   employment.	We	need	to	
                                                                                                   market	east	London	with		
                                                                                                   all	its	drivers:	Canary		
                                                                                                   Wharf,	transport,	the	
                                                                                                   connections,	the	O2	and		
                                                                                                   now	the	shopping”		



                                 Even	though	our	target	market	is	only	in	the	West	                  connections,	the	O2	and	now	the	shopping.	
                                 End,	you	have	to	make	just	as	much	effort	to	get	           KM    		East	London	is	actually	‘New	London’.	This	
                                 them	here	as	you	would	if	they	were	200	miles	away.	                part	of	town	is	where	the	investment	is	going,	
                                 	 East	London	was	always	the	place	for	messy	                       where	transport	and	connectivity	has	improved	
                                 industries.	Trying	to	change	that	image	is	a	big		job,	             immeasurably,	because	of	the	London	2012	Games,	
                                 as	it	was	changing	Merseyside.	But	Liverpool	now	                   because	of	Westfield.	
                                 has	a	very	positive	image.	                                 PhM   		Yes,	but	I	don’t	think	we	should	hide	‘east	London’.	
                                                                                                     If	we	start	to	change	it	and	somehow	wrap	it	nicely	
                            PA   	 It	needs	co-ordination.	The	City	co-ordinates	                    then	it	may	look	desperate.	
                                   investment	by	various	developers	and	institutions,	       PM    	 I	think	to	younger	people,	east	London	actually	has	
                                   but	there’s	no	single	body	to	do	that	for	east	London	            very	positive	connotations.	People	want	to	come	to	
                                   –	there	have	been	too	many	agencies	competing.	                   live	here	because	it’s	exciting,	it’s	vibrant	and	there’s	a	
                            KM   		There	are	so	many,	you’re	not	quite	clear:	Gateway	               lot	to	do.	
                                   to	London,	OPLC,	GLA	or	the	ODA,	London	and	              HM    		I	need	to	get	people	here.	If	you	have	the	people	here,	
                                   Partners	or	Visit	London,	as	was.	                                then	you	don’t	need	to	sell	it	at	MIPIM.	
                            VC   		We	absolutely	have	to	market	east	London	to	
                                   London.	In	my	couple	of	years	at	Canary	Wharf,	           PA    	 We	will	have	the	people	here,	with	the	Games.	We	are	
                                   I	was	pulling	investors	in,	getting	a	lot	of	cynical	             having	people	come	to	Westfield.	The	issue	is	getting	
                                   agents	over	to	east	London,	to	Greenwich	Peninsula,	              them	to	stay	rather	than	go	home,	as	they	do	at	the	
                                   to	Stratford,	to	Canning	Town.	And	that	cynicism	                 moment	with	ExCeL	and	O2.	
                                   is	still	there.	The	unique	investors	at	this	table	are	   NG    		The	Games	gives	us	a	unique	opportunity		
                                   not	typical	of	the	investors	that	come	out	of	London	             to	communicate	what	is	happening	outside	the	
                                   and	globally.	And	that’s	who	we’ve	got	to	appeal	                 Games	site.	
                                   to.	Also,	we	need	to	appeal	to	occupiers	and	create	      KM    		ExCeL,	City	Airport,	Canning	Town	and	Westfield	
                                   employment.	We	need	to	market	east	London	                        should	work	together	strategically	on	their	marketing	
                                   with	all	its	drivers:	Canary	Wharf,	transport,	the	               and	communications,	so	that	we’re	sending	the	
                                                                                                     same	messages.	For	example,	we’ve	got	a	strategic	
                                                                                                     partnership	package	with	our	clients,	where	we	send	
                                                                                                     them	to	Canary	Wharf	to	dine,	to	party,	to	shop;	to	
     TOP: Vanessa Clark                                                                              Westfield	to	shop;	and	to	City	Airport.	
     of Sinclair Clark.
     RIGHT: Peter
     Andrews and Bob                                                                         PA    		Are	there	any	other	barriers	to	entry	that	you	feel	
     Lane, LTGDC’s chief                                                                             investors	find	here?	
     executive and chair.
     OPPOSITE: Nicolas
                                                                                             KM    	 Taxation.	We’ve	got	to	campaign	about	taxation.	
     Guérin, director of                                                                             Also,	if	we’re	going	to	create	a	destination,	it’s	got	to	
     Bouygues UK.                                                                                    be	a	future	home	for	a	company’s	senior	executives.	
                                                                                                     They’ll	be	thinking	where	am	I	going	to	live?	Are	my	
                                                                                                     children	going	to	be	safe?	Are	they	going	to	go	to	a	good	
                                                                                                     school?	Am	I	going	to	put	my	hand	up	for	50%	tax?	
                                                                                             VC    		Universities	don’t	get	much	mention	in	the	area	–	
                                                                                                     Greenwich	University,	University	of	East	London,	




20          winter 2011
Ravensbourne	opened	at	Greenwich	Peninsula.	We	                    relocation	of	particular	teams	and	for	divisions	that	
                   could	make	so	much	more	of	that.	Employers	want	                   are	being	restructured.	
                   graduates,	they	want	skilled	labour.	
                                                                                 PA   		Vanessa,	do	you	think	that	we	have	got	the	right	
             PA   		Equally	those	universities	want	to	promote	their	                   offer	for	investors	and	occupiers	here?	What	
                    product	to	an	international	population	of	students;	                more	do	we	need	to	do	to	make	this	an	attractive	
                    they	want	them	to	come	to	east	London	to	study.	                    environment	for	the	footloose	who	could	also	go	
             VC   		Definitely,	particularly	with	fee	levels	as	they	stand	             anywhere	else	in	the	country?
                    now	in	the	UK.	The	international	players	really	are	         VC   		For	investors,	it’s	about	articulating	how	the	area	
                    very	important.	                                                    works,	and	the	story	of	how	a	group	of	investors	
             HM   	What	is	getting	increasingly	unbelievable	is	the	                    invested	and	continue	to	invest	here,	in	language	
                    planning	system,	and	how	expensive	it	is	compared	                  they	understand.	Putting	some	facts	together,	and	
                    to	the	rest	of	Europe.	You	need	to	employ	2,000	                    creating	an	investment	profile.	
                    consultants	to	get	through	this	stupidity.	And	                     	 The	other	area	is	attracting	occupiers	out	
                    they’re	very	expensive.	And	this	pumps	up	the	prices	               here.	Whether	it’s	the	government,	whether	it’s	
                    of	housing.	You	don’t	have	this	in	other	countries.	                pharmaceutical	companies,	insurance	companies		
                    There,	teachers	and	nurses	can	afford	to	buy	their	                 or	the	banks.	
                    own	houses	–	and	not	by	having	higher	salaries	but	
                    lower	prices	for	the	houses.	                                PA   		In	spite	of	all	the	problems	we’ve	heard	about,	we’ve	
             NG   		One	thing	that’s	been	done	in	my	country	is	the	                    only	got	to	look	out	of	the	window,	to	see	all	these	
                    government	shifting	their	offices	from	the	centre		                 wonderful	opportunities	and	what’s	being	created	
                    of	Paris	to	west	or	east	of	the	city.	It	sets	an	example.	          in	the	Olympic	Park,	to	see	that	the	future	is	very	
             VC   		In	fairness,	the	government	has	said	that	Stratford	                bright	for	this	part	of	town	–	and	we	can	help	to	
                    will	be	one	of	the	locations	it	will	look	at	for	the	               accelerate	and	improve	that	future.			



                                                                                                                                        ➳

www.eastmagazine.net                                                                                                                             21
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Government plans for an enterprise zone aim to reGenerate
                       the last piece of the DocklanDs jiGsaw, the royal Docks,
                       builDinG on the success of nearby Developments such
                       as excel anD lonDon city airport. meanwhile, economic
                       renewal is in eviDence to the north. with a rapiDly increasinG
                       community of hiGh-tech start-ups anD establisheD
                       companies, the area has attracteD the attention of Global
                       internet Giant, GooGle. DaviD blackman reports




www.eastmagazine.net                                                                    23
he designation of
                        London’s Docklands as an
                        enterprise zone in 1982
                        may have been the key
                        factor in kickstarting the
                        transformation of the area
     into the office and residential hub that it
     is today. And the government has decided
     to use the enterprise zone mechanism to
     complete Docklands’ unfinished business –
     the regeneration of the Royal Docks.
        The area immediately to the east
     of Canary Wharf has seen significant
     investment in recent years, most notably
     ExCeL, London’s leading convention centre.
     Construction work has started on industrial
     engineering superbrand Siemens’ planned
     exhibition centre for sustainable technology,
     while London City Airport is expanding            developable land. As the Mayor’s economic            The government is offering a suite of
     by two-thirds. A new cable car, linking           adviser Anthony Browne points out, the            incentives to encourage firms to invest in
     the docks to the Greenwich Peninsula will         docks are no further from the City of             its enterprise zones. Firstly, companies that
     open in time for the London 2012 Games.           London than is Hampstead – a greater              locate in the enterprise zone will be able
     But much of the area, covered by one of 21        advantage when Crossrail’s Custom House           to claim business rate relief for five years.
     new-style enterprise zones across England,        station is built, giving direct links to both     Incoming businesses will also benefit from
     remains derelict.                                 central London and Heathrow airport.              relaxed planning rules, allowing them to
        The area, which includes Custom House          A spur of the Docklands Light Railway             expand quickly without going though the
     and Silvertown Quays, boasts 125-ha of            already runs through the Royals.                  normal bureaucratic hoops. Both incentives
                                                                                                         are designed to unlock investment in the
                                                                                                         area. The government also promises to roll
                                                                                                         out superfast broadband across the zone.
       Eco Incubator                                                                                        Newham Council’s regeneration director
                                                                                                         Clive Dutton believes sweeteners are crucial.
       Laying the building blocks of London’s                                                            He says: “In a competitive world, global
       first ‘smart community’ is the goal of                                                            investors will compare not only the location
       Ravensbourne College Eco Incubator                                                                of sites, but those that are best incentivised.”
       on the Greenwich Peninsula.                                                                          Much of the Royals site is owned by
          The £72 million building provides                                                              the public sector, most notably the 20-ha
       space for early stage, high growth                                                                waterfront Silvertown Quays site for which
       potential, creative technology                                                                    the London Development Agency is seeking
       companies. Backed by Ravensbourne                                                                 a development partner.
       Enterprise and Innovation Centre                                                                     Newham, has demonstrated its
       team and Greenwich Council, the Eco                                                               commitment to the Royals by locating its
       Incubator aims to foster a new cluster                                                            town hall there, and wants to stop the area
       of technology, media and design                                                                   ending up as a collection of crinkly sheds
       companies on the 162-ha peninsula.                                                                – the fate of many 1980s era enterprise
          The facility already provides                                                                  zones. The council is keen to secure a mix of
       space and services for 85 trading                                                                 uses, ensuring real investment and not just
       companies, spanning software                                                                      footloose companies relocating and then
       development, gaming, social media                                                                 exiting when the incentives expire.
       platforms, architecture, transmedia,                                                                 Vitally for Newham’s economy, this means
       film and TV production, product                                                                   local people gaining a share of thousands of
       design, fashion and advertising.                                                                  expected new jobs, as has already happened
       Ravensbourne’s director of enterprise
                                                                                                         at Westfield Stratford City. Businesses will
       and innovation, Chris Thompson, says:
                                                                                                         work with schemes such as the council’s
       “These companies are an explicit part
                                                                                                         Workplace employment programme to help
       of the Tech City regeneration and they
                                                                                                         residents, especially the borough’s younger
       are creating new jobs and services.”          TOP: Tech City is well established in Shoreditch.   people and long-term unemployed.
                                                     MIDDLE: Emirates Air Line cable car.
                                                     ABOVE: The new Crossrail station at Custom             Newham’s Mayor Sir Robin Wales says:
                                                     House, Royal Docks.                                 “We want our residents to have the same


24        winter 2011
opportunities and aspirations as people
living elsewhere in the capital.”
   The enterprise zone is just one element
                                                  Tech City
in the wider regeneration of east London,         Tech City is a new kind of regeneration      £100,000 of match-funded grants,
which sits at the hinge between the Thames        initiative. While old-style regeneration     which will go to 20 promising digital
Gateway and the London-Cambridge                  projects relied on public sector cash to     start-up companies. If successful, the
growth corridor and is meant to deliver           stimulate activity in areas shunned by       Launchpad programme will be rolled out
around a quarter of the capital’s new homes       the market, Tech City aims to work with      nationally to help stimulate the growth
on one-twentieth of its land mass.                the grain of economic activity. And it       and success of small businesses.
   The regeneration of the Lower Lea Valley       hopes to be an engine for the growth,           But more typical of the initiative is the
is moving rapidly ahead, thanks to the            not only of the east London economy but      recruitment of former LinkedIn European
Games, and to the west, Shoreditch has seen       that of the UK as a whole.                   managing director Kevin Eyres, to create
the establishment of Tech City.                      The area around Old Street and            a network of experienced mentors who
   The area’s profile as a centre for high-       Shoreditch is Europe’s fastest growing       can help guide the fledgling companies
tech businesses was confirmed in autumn           technology hub. From just 15 digital         attracted to the area.
2011, as Google announced its lease on a          and creative businesses in this area            Van Der Kleij says that the chief
seven-storey building, which it will refurbish    in 2008, the number has increased to         benefit will be to throw a spotlight on
and open up to organisations that support         500. According to Tech City Investment       the area, which is already home to some
technology entrepreneurs, providing a             Organisation CEO Eric Van Der Kleij,         of the fastest-growing digital technology
launchpad for start-ups and developers, the       this number has increased from 200           companies in Europe. These include
first such Google initiative globally.            in the short time since the initiative       firms such as Moo.com, Songkick,
   David Singleton, engineering director          was launched by prime minister               Wildfire and Tweetdeck.
of Google UK, says: “We announced our             David Cameron a year ago. “That has             IT giants Cisco, Intel and Microsoft
involvement in the Tech City project last         happened without any major government        have all followed suit by shifting
year. Finding a suitable building is the          investment,” he says.                        operations to the area, while Google will
first major step, and we hope to announce            “Tech City is a welcome overlay on        support start-ups. New enterprises
more details about the organisations we’ll        what’s been going on here over the           include social networking company
work with and how they will use the space         last 20 years,” says Hackney Council         Yammer, which announced in August
in the coming months. East London is              regeneration cabinet member, councillor      that it had chosen London as the home
already home to hundreds of innovative            Guy Nicholson, referring to the roots of     for its first European headquarters.
British start-ups, and has huge potential for     today’s digital-creative hub in the artist   Yammer, which will be based in shared
economic growth and new jobs.”                    communities that sprung up in the area       workspace TechHub, plans to double its
   Tech City Investment Organisation CEO          during the early ’90s. Another advantage     staff in the London office by the end of
Eric Van Der Kleij, says: “Google is a terrific   for technology companies was the area’s      the year.
example of a major technology business that       superfast broadband, created to serve           Tech City provides opportunities for
understands the importance of nurturing           the financial sector in the neighbouring     fostering the potential of east London’s
as well as benefiting from the communities        City, which the more recent arrivals have    human capital. Digital and creative
where they operate.”                              been able to exploit.                        businesses can readily tap into younger
   Councillor Guy Nicholson, Hackney                 Some seedcorn public money is             people’s interest in technology, providing
council’s cabinet member for regeneration,        available. Tech City’s Launchpad             them with opportunities to design and
sees evidence that this is happening. “It         initiative has £2 million to invest in       develop new technologies.
is not just in Shoreditch and Dalston, but
also in Hackney Central and Wick,” he says.
“Developments geared for financial services
are now being altered to create floor space
that is more tailored towards artistic and
creative businesses.”
   On the Greenwich Peninsula to the
south, Hackney is working with Greenwich
Council’s Eco Incubator initiative at
Ravensbourne College. Chris Thompson,
Ravensbourne’s director of enterprise and
innovation, says that the recently extended
East London undergound line is connecting
the different parts of east and south-east
London. He says “This is not just about
Shoreditch and the Olympic Park. This is a
really powerful boost for the regeneration of
east London.”

www.eastmagazine.net                                                                                                                     25
MAIN: London RIB
     Voyages will run a
     high-speed service
     taking VIPs and
     performers from
     their West End hotels
     to the O2 Centre.




26          winter 2011
As officiAl pArtners to the london 2012 GAmes, lloyds
tsB And Bt openreAch Are mAkinG sure the GreAtest show
     on eArth leAves A viBrAnt leGAcy for eAst london’s
        Businesses And residents. Paul Coleman reports




                     T
                                    hanks to a loan from Lloyds TSB, and its         the Olympic Delivery Authority (ODA) and London Thames
                                    programme of financial assistance, visitors to   Gateway Development Corporation (LTGDC).
                                    the Olympic Park will be able to travel in         “More accessible and attractive waterways will help draw
                                    bygone style on Water Chariots’ canal boat       operators of restaurants, shops, cafes and other waterside
                                    trips from Tottenham Hale and Limehouse          businesses, creating a new Camden of the east,” says the
                                    Basin. The Wapping-based operation also          LTGDC’s head of economic development, John Middleton.
                    offers VIPs and accredited journalists the enticing option of      And for London RIB Voyages – another Thames riverboat
                    travelling to the London 2012 Games entirely on water from       operator running a high-speed service taking VIPs and
                    central London, using Thames services run by riverboat           performers from their West End hotels to the O2 – Lloyds
                    operators before transferring to Water Chariots at               TSB organised a meeting with 2012 hospitality companies.
                    Limehouse Basin. The loan coincided with a £300,000                Such projects typify how Lloyds TSB, official banking
                    waterbus route upgrade, funded by British Waterways,             and insurance partner to the Games, is supporting




  www.eastmagazine.net                                                                                                                    27
Swan New Homes is a dynamic developing
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commitment to delivering high quality
regeneration projects throughout East
London and Essex.
                                            designed for tomorrow’s
• Embracing innovation and providing
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• Sustainable developments and awareness
• Making positive changes for communities   Visit swannewhomes.co.uk for further information or
• Delivering high quality homes             contact the development team on 0300 303 2500 to discuss
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ABOVE: Water Chariots will take
visitors to the Olympic Park from                                “Lloyds TSB ... is supporting east
Tottenham Hale and Limehouse
Basin – on board were Mark                                       London businesses in both the
Blackwell, British Waterways;
Peter Coleman, Water Chariots;                                   run-up to the Games and the
and LTGDC’s John Middleton.
                                                                 legacy period afterwards, well
                                                                 beyond its contractual remit”


east London businesses in both the run-up to the Games           local suppliers which the bank knows that they should bid
and the legacy period afterwards, well beyond its contractual    for these contracts on CompeteFor.”
remit as official banker to the Games.                              CompeteFor is a free business ‘dating’ site that matches
   The help was part of a £1 billion fund distributed to firms   businesses with thousands of opportunities created by the
chasing direct contracts from the London Organising              Games. Over 40,000 London businesses have registered,
Committee of the Olympic and Paralympic Games (LOCOG)            along with another 100,000 firms across the UK.
and the ODA. Although this fund was taken up by the end of          There are other ways of getting suppliers in touch with
June 2011, Lloyds TSB continues to offer financial support       contractors. For example, Evans hosted a catering supply
to firms engaged in Games-related ventures.                      chain event in Docklands, where buyers from large
   Paul Evans, Lloyds TSB commercial banking area director       appointed 2012 Games suppliers Aramark and Compass
for Essex and east London, says more than £73 million has        Group told a host of smaller, specialist suppliers about their
been lent to local businesses in 2011, many of which             sub-contracting needs. “Smaller suppliers thought it was
attended Lloyds TSB’s 2012 supply chain events. At one such      fantastic that they could meet buyers of these large
event, Evans recalls his alarm at finding one family about to    companies,” says Evans. “I left after five hours and they were
fund a new business with credit cards. “This was a great         still talking and exchanging cards.”
business so we arranged a structured commercial loan with           There will also be plenty of contracts and sub-contracts
much lower interest rates,” says Evans.                          after the Games as the Olympic Park’s new neighbourhoods
   Even now, at this advanced stage, the ODA is yet to award     are developed. Businesses relocating and fit-out and
all of its direct contracts. Evans stresses that Lloyds TSB is   construction firms will want bank support. Daniels and
still keen to help entrepreneurs further along the Games         Evans regularly meet the Olympic Park Legacy Company to
supply chain who want to benefit from the vast hospitality,      see how Lloyds TSB can support these businesses.
catering, leisure and tourism opportunities that remain.            Lloyds TSB already supports Newham Council’s business
   “Contracts in this phase leading up to the Games are often    development programme and is training its staff to become
smaller yet more specialist,” says Chris Daniels, head of        mentors to firms in their area. “It’s given our staff new ways
London 2012 activation for Lloyds TSB’s wholesale division.      of connecting with new customers,” says Daniels. “And it
He recalls a note last summer from LOCOG advising Lloyds         gives businesses we help access to new networks and ideas.”
TSB that Games organisers needed specialist UK suppliers            Evans says that while some firms still need to register
of dim sum, samosas, spices, fresh loaves, pastries, goat’s      quickly on CompeteFor, he believes the Games have made
milk and cheese, and goat meat for goat curry. He forwarded      a multitude of SMEs far more confident about public
the LOCOG note to the bank’s frontline staff. “They told         tendering and has awakened their entrepreneurial zeal.

www.eastmagazine.net                                                                                                              29
W       hen London staged the Olympics in
        1948, journalists queued to report
winning feats by telephone, while operators
                                                    It will also provide a boost for businesses
                                                 in east London which are now demanding
                                                 faster and wider bandwidth to run their new
                                                                                                  1,000-days-to-go mark. “Our goal was to
                                                                                                  make sure the new infrastructure delivers
                                                                                                  the capacity, resilience and diversity to
dispatched results overseas in morse code.       telephone, TV and internet services. Barclay     support the Games, journalists, visitors and
   Fast-forward to 2012 and audiences            says: “It will create opportunities for media    all of our UK customers,” says Wells.
across the planet will be watching the           businesses, SMEs and large corporations             An estimated 27,000 members of
London 2012 Games on an estimated                to move into an area now equipped with           the media will descend on the Olympic
8.5 billion PCs, smartphones and tablets,        enabling infrastructure.”                        Park during the Games. Wells says BT
thanks to BT Openreach’s high-bandwith,             BT Openreach’s infrastructure is already      Openreach is working to ensure the Games
high-speed infrastructure. Its super-fast        servicing the new Westfield Stratford            network covers surges in demand when
fibre access will deliver download speeds        City shopping centre. And Andrew Wells,          anticipated gold medal performances send
of up to 100 MB per second and upload            Openreach 2012 programme director, says:         journalists scurrying to other event venues.
speeds of up to 30 MB per second.                “After the Games the network will support        The network will also help ‘beauty cameras’
   For those at the Games, BT is working to      the thousands of homes being built in the        showcase events at iconic venues, such
ensure 14,700 athletes and an estimated          Olympic Park’s new neighbourhoods.”              as the beach volleyball at Horse Guards
500,000 visitors can keep in touch with             Crucially for the area’s economic growth,     Parade, facilitate live screens and support
family and friends in over 200 countries.        the new high capacity, diverse and secure        athletes’ training camps across the country.
Athletes in the 2,000 Olympic Village            network will also serve the four million            Test events have already successfully
apartments will enjoy super-fast, high-          square feet of new offices being built at the    demonstrated the success of BT
bandwidth connections and download               International Quarter Stratford City.            Openreach’s infrastructure, including
speeds from new fibre-to-the-premises               Super-fast fibre access will be available     wireless internet, mobile communications,
(FTP) technology, while competitors,             to two-thirds of UK homes by 2015, the           web hosting, fixed line IP telephony, local
officials and spectators at the Weymouth         centrepiece of BT Group’s £2.5 billion           area networks, cable TV and broadcast.
sailing venue will benefit from fibre-to-        investment, and the Games are an                    In less than 10 years, the park has
cabinet (FTC).                                   important testbed for the deployment of          raced to the forefront of communications
   Tim Barclay, BT Openreach managing            this technology.                                 infrastructure provision within the UK. It
director for sales, marketing and customer          “We’ve learnt valuable lessons during         is a position that gives the area a huge
engagement, says the Games will                  the build-up to the Games,” says Barclay.        advantage in attracting new business
demonstrate the potential of technology          “We’ve been testing leading edge                 occupiers over the coming years.
which will benefit east London long after        technology on a huge scale at a high profile        Barclay says the Games will leave a
the closing ceremony. “FTP provides a real       location. This has focused us on getting it      legacy for both BT Openreach and for east
legacy for future Athletes Village residents,”   right – and doing it brilliantly.”               London: “The Games are a catalyst for
says Barclay, “and will support other areas         Wells recalls the enormity and complexity     galvanising our teams. Our infrastructure is
being regenerated around Stratford.”             of BT Openreach’s task on reaching the           building a legacy for future generations.”

www.eastmagazine.net                                                                                                                     31
ST. ANDREWS,
TOWER HAMLETS E3




                                                                 ALTITUDE,
                                                                 TOWER HAMLETS E1




                                               DALSTON SQUARE,
                                               HACKNEY E8




barrattlondon.com
020 8522 5500
Mixture of CGIs and actual photography shown
DELIVERING
FOR EAST LONDON




                                                                                          MAPLE QUAYS,
                                                                                          SOUTHWARK SE16




WATERSIDE PARK,
NEWHAM E16




Aldgate | Brentford | Bromley-by-Bow | Canada Water | Dalston | Edgware | Hayes | Lewisham | Putney | Royal Docks | Wandsworth | Westminster
strand East




                   CAMDEn        IslIngton
                                                        hACKnEY
                                                                                         Olympic Park


                                                                                                 Stratford




                                                                 toWER     Bromley
                                                                           by Bow
                                                                hAMlEts
              WEstMInstER
                                             CItY



                                                                                                   02
                                                                                Canary
                                                                                Wharf



                                                                             02 Roofwalk


                            lAMbEth




                                                    soUthWARK




34   winter 2011
with the olympic park well on its way to
                                              completion and the recent phenomenon of
                                              westfield stratford city, there is more yet
                                              to come. we focus on six major projects
                                              helping to transform east london                        ➳

          re   ative Industrie
       gC                     sQ
      n
                               ua
    ki
bar




                                 rte
                                    r




                                                                             inable Indus
                                                                       s usta            trie
                                                                  on


                                                                                            sP
                                                              d
                                                          lon




                                                                                              ark
                                           bARKIng
                                        AnD DAgEnhAM




 nEWhAM                                                                                             hAVERIng

              ng                                     king Riverside
         Canni town                              ba r




                                                   bEXlEY


  gREEWICh

 www.eastmagazine.net                                                                                          35
Almost complete is Meadowland, a vital early     creating a vibrant new community for
                   part of the Barking Riverside development.       26,000 people. The 2km landscaped
                   This cluster of 33 two-, three- and four-        waterfront development of 10,800 homes
                   bedroom homes is set around a landscaped         – giving local residents access to the River
                   garden square featuring a community              Thames for the first time – will eventually
                   orchard of fruit trees, a rain garden and        comprise seven neighbourhoods. Drawing
                   play area. The combination of advanced           on £50 million of public funding as well
                   off-site manufacturing techniques and a          as £120 million of public infrastructure
                   rigorous design process have created highly      funding, the scheme will create 1,500 jobs.
                   sustainable homes that represent a significant     Already open, the Rivergate Centre,
                   move forward in the internal space, design       designed by van Heyningen and Haward,
                   standards and overall quality of new family      comprises a 630-place primary school,
                   homes in the area.                               place of worship and social enterprise
                      Meadowland is a key residential               units, all centred on a public square. A
                   component of the first phase of one of           small lake beside the school is landscaped
                   the largest development sites in London.         with reed beds to encourage wildlife.
                   At 185-ha, 41% of which is green space,            A secondary school (planning approval
                   Barking Riverside is one of the largest          secured) forms part of a later phase, with a
                   brownfield regeneration projects in Europe,      district centre including a retail superstore.




                                                                    LEFT: Sustainable homes at
                                                                    Meadowland, Barking Riverside.
                                                                    ABOVE: The new Rivergate Centre.
                                                                    RIGHT: Office and studio space at
                                                                    the refurbished Granary.
                                                                    TOP RIGHT: Rathbone Market
                                                                    redevelopment at Canning Town.




36   winter 2011
The first phase of work on a vibrant
new Creative Industries Quarter (CIQ) in
Barking has been completed with the
restoration of a Victorian warehouse.
   The former granary warehouse has
been refurbished, alongside a striking
new-build addition, to provide office
and studio space on the east bank of
the River Roding. The development
comprises five floors, split into two
wings, separated by a central core,
and a cafe/bar with a riverside terrace
and kitchen. Existing brickwork was
retained on the north wing with the
brand new south wing clad in bronze.
   Also part of the first phase, the
CIQ already has a number of creative
industries in the restored Malthouse
– including the Arc Theatre studio,
3Arts Drama Company, SPACE, visual
artists and photographers. A new
phase of development scheduled for
the new year will create 220 new
homes, workspaces for local artists,
a new public square, community
facilities and better public transport
links across the River Roding.
   Peter Andrews, chief executive
at London Thames Gateway
Development Corporation, said:
“Barking has a vibrant creative            The first phase of English Cities Fund’s       such as the black redstart, found on the
industries base and our CIQ will act       redevelopment of Rathbone Market, which        nearby Thames and Lea rivers.
as a focal point to attract similar        began in December 2010, has been named            The main contractor for the development
industries to the area.”                   Vermilion. The scheme is due for completion    is Sisk; and the sales agent, Hamptons
                                           in summer 2012. It will include a new market   International, already reports interest in the
                                           square with shops, offices and community       apartments, conveniently located just a five
                                           facilities. The development features 271       minute journey from Canary Wharf.
                                           apartments in a colourfully clad 70m-high,        Elsewhere on the Canning Town site
                                           21-storey tower which inspired the name.       Bouygues Development and its partner
                                              A big attraction for new residents of       One Housing Group have submitted plans
                                           the apartments will be a communal eco          to London Thames Gateway Development
                                           garden, with all hard landscaping made         Corporation for a 6-ha scheme.
                                           from materials recycled from demolished           The planning application includes an
                                           buildings on site. Rainwater from the roofs    outline submission for a masterplan, plus
                                           will be diverted into a pond and watering      a detailed first phase application with
                                           system, while a soundproof ‘green wall’        proposals for 179 residential units of
                                           will protect nesting birds from noisy roads    both private and affordable housing, as
                                           and train lines. Plants have been chosen       well as retail units, including a 7,000sq m
                                           to recreate the habitat of protected species   Morrisons supermarket.


                                                                                                                                  ➳
www.eastmagazine.net                                                                                                               37
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
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East Magazine Issue 2
East Magazine Issue 2
East Magazine Issue 2
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East Magazine Issue 2

  • 1. London’s hotspot: East London issue two_2011 Bright FUtUrE The schemes lighting up east London Westfield opens for business New DLR link Olympic legacy housing plans www.eastmagazine.net
  • 2. Strand East is an exciting new development project that will transform 10 hectares of a post industrial land in Stratford, East London, into a thriving new city neighbourhood with: _ 50,000 square metres of commercial space _ 1,200 homes of which 40% will have 3 bedrooms or more _ A 350 bedroom Courtyard by Marriott hotel _ Community facilities _ Open public spaces YOU 2012 Olympic event area of up to 2.5 ha available For more information go to 2012.landprop.eu strandeast.com twitter.com/strandeast facebook.com/strandeast
  • 3. issue two_2011 11 16 23 36 news 04 tech city 23 projects 36 News and updates on current projects High-tech businesses now form a significant Updates on the main development cluster, expanding out from Shoreditch into projects – we consider how big, how much olympic village 09 opportunity areas such as Hackney Wick, investment, who is involved and what will A deal has been signed that will see where a supply of premises awaits budding be delivered Delancey and Qatari Diar take over the technology entrepreneurs management of the Olympic Village head to head 41 olympics sponsors 26 Andrew Altman of the Olympic Park Legacy the new stratford 11 Not just here for the beer – Olympics Company and LTGDC’s Peter Andrews The London 2012 Olympics are not the only sponsors are major investors in east London. discuss what has been achieved in east game in town – Stratford is evolving rapidly We take a look at what their millions will London – and what’s still to come into a new commercial and retail centre, deliver for businesses and communities with excellent transport links beyond the Games sustainability 46 What infrastructure is needed to deliver fdi round table 16 map 34 a greener neighbourhood? What will a London is a magnet for foreign direct Key to the city: map of some of the major sustainable community look like in 2050? investment – but what draws global players? developments under way in east London We look at ground-breaking initiatives led by Peter Andrews of London Thames Gateway the Institute for Sustainability Development Corporation (LTGDC) invites major international investors to discuss their contacts 50 vision for east London For contacts and feedback visit www.eastmagazine.net www.eastmagazine.net 03
  • 4. Westfield Stratford City welcomed one million people through its doors in the first week following its September opening. The £1.45 billion shopping centre at the gateway to the Olympic Park is anchored by leading retailers John Lewis, Waitrose and Marks and Spencer. It hosts more than 300 shops, including the Apple Store, and 70 dining options along with the Great Eastern Market food market. Leisure operators include the All Star Lanes bowling alley, a 17-screen all- digital Vue cinema and there are three hotels. With 177,000sq m of retail and leisure provision, it is Europe’s largest urban shopping centre. “We are overwhelmed by the response from our consumers,” said Michael Gutman, managing director for Westfield UK/Europe. “In the first seven days more than one million people visited, and the transport infrastructure, both road and rail, performed superbly.” A new generation of artists and designers was commissioned to design lights, centre management and concierge uniforms, art installations and an environmental innovation, following a Studio East project last year with a panel including Tracey Emin, Tom Dixon, Roland Mouret and Erin O’Connor. Other art and design elements include a digital fountain by local and international artist Jason Bruges Studio, positioned at the heart of Chestnut Plaza. At least 2,000 of the 10,000 jobs created at Westfield went to local residents. Ultimately the scheme will provide employment for 18,000 when fully built. Westfield has also provided local grants and established the Skills Place – Newham, a retail academy with a focus on providing employment for the local community. What’s in a name? Names for five neighbourhoods planned for the site of the Olympic Park after the London 2012 Games have been decided, after 2,000 residents put forward suggestions. Chobham Manor, between the Velodrome and the Athletes Village, will be the first neighbourhood to be developed, with 800 new homes, community and ancillary facilities including a polyclinic, two nurseries and a community centre. The four other neighbourhoods are: East Wick, next to Hackney Wick; Sweetwater, near Old Ford; Marshgate Wharf, between Stratford City and the Stadium; and Pudding Mill, in and around Pudding Mill Lane station. 04 winter 2011
  • 5. London on track for Top of the class Olympics legacy London is on track to achieve a positive regeneration legacy from the London 2012 Games, according to University of Westminster research commissioned by the Royal Institution of Chartered Surveyors (RICS). The research concludes that London’s strong position, compared to previous host cities, such as Sydney and Barcelona, could be explained by the choice of site, which provided good opportunities for regeneration. East London schools continue to make environment altogether. The involvement of many different stakeholders rapid progress towards excellence, A further £15,000 from LTDGC and unequivocal support from the UK government GCSE results this year revealed. And funded a new rooftop garden for have also contributed. It was found that building St Paul’s Way Trust School in Tower biology studies, which was opened on existing regeneration projects strengthened Hamlets is leading the way. by Professor Brian Cox in June 2011. London’s prospects for a successful Olympic legacy. The school saw passes in science TV star Cox also gave the inaugural There are aspirations for the wider area beyond rise from 29% to 47% in one year for lecture in the school’s new theatre the Olympic Park, with a strong focus on social, double or triple awards. It is predicted (pictured), which – along with its art economic and physical regeneration. that 60% of students will gain at gallery and sports facilities – is for the The project to transform east London involves least a double award in science in whole community to use. ambitious plans set within a challenging economic 2011. And director of learning Asma Rokeby had another successful year, climate. The report suggests the success of Rahman confidently predicted that, with 64% of pupils gaining aspirations to use the Games to deliver urban by 2013, pupils will exceed the 60% A*-C grades at GCSE in 2010. regeneration in east London will ultimately depend GCSE A*-C target set. LTGDC invested in sports facilities on delivering social and economic development St Paul’s underwent a £40 million and built links with East London more widely, rather than merely transforming the Olympic Park. renovation, helped by a £1 million Business Alliance, improving students’ Dr Andrew Smith, senior lecturer in the School grant from London Thames Gateway attractiveness to City and Canary of Architecture and the Built Environment at the Development Corporation, to make Wharf employers. As part of its University of Westminster, said: “The scale of it the first Faraday Science School in £3 million investment, LTGDC’s ambition means success is not guaranteed, but London. The Faraday Project seeks to support for Canning Town’s Eastlea work by the various agencies involved has provided promote innovative ways of teaching Community School contributed a good platform from which to develop a positive science. These include using the latest towards building a centre for teaching regeneration legacy.” technology and resources, in new excellence supported by industry, with state-of-the-art laboratories, and a new hospitality and catering suite, taking the pupils out of the school and an enterprise cafe. The new Docklands Light Railway extension to Stratford International has opened, a year ahead of the London 2012 Games. The route serves existing stops at Canning Town, West Ham and Stratford, and new stations at Stratford High Street, Abbey Road and Star Lane (pictured). The service will help bring new residential, retail and leisure development to the area, and increase employment opportunities in east London. It will also form a crucial link during the London 2012 Games, serving the heart of the Olympic Park. The route complements other transport upgrades in Stratford, including improved underground and surface rail services, plus high speed train links from Stratford International to St Pancras Station and Europe. www.eastmagazine.net 05
  • 6. Bridge extends towpath Bids for park homes A new bridge now provides a traffic- The Olympic Park Legacy Company free link to the Olympic Park, (OPLC) has invited bids to build the connecting it with other towpath Olympic Park’s first neighbourhood. routes. The £2.4 million scheme, Chobham Manor will see traditional funded by London Thames Gateway terraced and mews houses set within Development Corporation and tree-lined avenues, helping to address delivered by British Waterways, opens the need for larger homes with 70% a safe route under the A11/12 crossing, of the 800 homes offering family reconnecting the River Lea Navigation housing. In addition, 40% of the new towpath to create over 28 miles of homes will be houses with gardens. travel for walkers and cyclists from the The area will also have a health Thames to the Olympic Park. centre, two nurseries, two community The 16 metre-long bridge was built spaces, neighbourhood shops and the in Huddersfield by CTS Bridges. nearby Chobham Academy school. British Waterways’ Mark Blackwell OPLC chief executive Andrew said: “The bridge will connect to Altman said: “Chobham Manor will a suspended pathway, creating a set the standard for high-quality ‘fly-under’ of the busy road junction. design as the first neighbourhood on Pedestrians and cyclists no longer the Queen Elizabeth Olympic Park.” need to leave the towpath to cross.” LTGDC’s Julia Brion said: “Getting Barking apprentice opens the towpaths in active and popular use will encourage more people to The social enterprise behind the get to know east London, stimulating Shoreditch Hoxton Apprentice restaurant has opened the Barking additional development activity to drive and sustain a waterside Tower completes Apprentice. Owner, Training For Life, is a charity that helps people back into renaissance. Improved access and linkages could see restaurants, shops, Canary Wharf employment. The restaurants serve great food at affordable prices, while cafes and other amenities coming together to create a new Camden of masterplan training people in skills to secure the east.” employment. The restaurants are Canary Wharf ’s latest tower has its first occupier: the managed by industry professionals European Medicines Agency (EMA) has signed a pre-let and staffed partly by trainees. agreement with Canary Wharf Group. Profits are reinvested to help The deal covers 23,225sq m of the 46,450sq m building unemployed people. The Hoxton to be built at 25 Churchill Place, with EMA occupying the Apprentice has trained over 150 promenade, ground and the first nine office floors of the apprentices, of whom over 70% have 20-storey building from January 2015 for at least 25 years. obtained jobs, some in London’s top A 37-month rent-free period will fund EMA’s fit-out of restaurants and hospitality groups. the building. The balance of the space will be marketed by Canary Wharf Group as construction progresses. The new tower will complete development of the original Creatives head east Canary Wharf masterplan. Construction work was due to Hackney Wick’s new creative hub gained impetus in August 2011, when start in autumn 2011. London Thames Gateway Development Corporation (LTGDC) submitted This will be one of the estate’s most energy-efficient redevelopment plans for a 0.6-ha site. Building on an existing cluster office buildings, with lifts which store energy for of creative industries, the plans include 6,000sq m of affordable and reuse elsewhere in the building, ultra-efficient air- flexible workspace, to meet demand from tech start-ups looking for space conditioning which recycles the energy from exhaust air, in east London. and photovoltaic cells to generate energy from the sun’s Spaces will be rent-a-desk, shared incubator space and larger units. rays. The building will also have a green roof to enhance The application includes up to 130 flats, 1,596sq m of retail for a biodiversity and energy efficiency. Not surprisingly, it will convenience store, cafes, bars and restaurants and 1,820sq m of achieve an excellent BREEAM environmental performance public open space. LTGDC, Transport for London and Network Rail plan rating and an Energy Performance Certificate rating of improvements to Hackney Wick Station, relocating the entrance, creating 40 or better. a new ticket hall at ground level, improving stairs and lift access and Construction of the building’s shell, core and fit-out adding a new pedestrian cycle connection underneath the railway line. will be by Canary Wharf Group, and the architect is Kohn Pederson Fox Associates. 06 winter 2011
  • 7. Committed to delivering a vibrant new neighbourhood and long term legacy for London QDD, the joint venture between Delancey and Qatari Diar, and Triathlon Homes are proud to be playing a part in the transformation of East London.
  • 8. 1 REGENERATION IN EAST LONDON 1 THE INTERNATIONAL QUARTER, STRATFORD CITY The International Quarter lies at the heart of Stratford City, a new metropolitan centre for London. A world class development, less than ten minutes from central London on the 700 acre site of the regenerated Olympic Park. £1.3 billion project by Lend Lease and London & Continental Railways 4 million sq ft of Grade A office space 2 350 new homes and 275,000 sq ft hotel 22 acre site of which 3 acres will be civic and open space First commercial occupancy projected for 2014 2 CHOBHAM ACADEMY, STRATFORD Lend Lease is the Principal Sponsor of Chobham Academy, with the Harris Federation appointed as the Educational Lead. Chobham Academy, on the Olympic Village site, puts an educational legacy at 3 the heart of the regeneration ambitions for east London. 1,800 student places Opens September 2013 Pupils aged 3-18 years Specialise in Performing Arts, English and focus on sports 3&4 GREENWICH PENINSULA, LONDON Greenwich Peninsula is the intelligent location for business and pleasure. Minutes from the City, Canary Wharf and City Airport, Greenwich Peninsula is a fully mixed use regeneration project and exciting new London district. £5 billion project by Lend Lease and Quintain Estates & Developments Plc 4 3.5 million sq ft of Grade A flexible office space 10,000 new homes 350,000 sq ft retail and leisure 600 bedroom 4* hotel with London’s largest ballroom KEVIN CHAPMAN, HEAD OF OFFICE DEVELOPMENT, LEND LEASE As organisations look to become greener and reduce their office operational costs, they will look to the environmental and price point advantages that emerging locations www.lendlease.com like Stratford and Greenwich can offer.
  • 9. A £557 million deal, signed between the Olympic Delivery Authority (ODA) and a joint venture of property investors Delancey and Qatari Diar, agreed the purchase and long-term management of the Olympic Village. Of 2,818 new homes planned for the village, 1,379 have already been purchased by joint venture Triathlon Homes as high-quality affordable housing. Delancey and Qatari Diar will acquire the ODA’s interests in the remaining 1,439 homes for private housing, along with six adjacent development plots with potential for a further 2,000 new homes. The deal includes profit-share arrangements for the public sector. The majority of private homes will be rented out, with ownership remaining with the Delancey and Qatari Diar joint venture. This will create the first UK private sector residential fund of over 1,000 homes to be owned and directly managed as an investment. Mohammed bin Ali Al Hedfa, group CEO of Qatari Diar, said: “Qatari Diar looks forward to working to ensure that the Olympic Village becomes a fitting legacy to the London 2012 Games, and one that will benefit the local communities. Our commitment to the UK market and to building long-term relationships with our partners and the wider community is of paramount importance to us to ensure that we leave a positive cultural, environmental and sustainable footprint.” Jamie Ritblat, chief executive of Delancey, said: “This acquisition reflects the first truly great residential investment opportunity in the UK; offering the chance to break the mould and create a sustainable leasing model to provide first class accommodation for those who see the chance to rent long-term as the way forward.” ODA chief executive Dennis Hone said: “This deal secures two leading property investors with the experience and expertise needed to make the village one of the strongest legacies from the London 2012 Games. The village will deliver the best of city living all in one place.” Jeremy Hunt, secretary of state for culture, olympics, media and sport, said: “This is a fantastic deal that will give taxpayers a great return and shows how we are securing a legacy from the Games. The village will be the centrepiece of a new vibrant east London community and I am confident that these experienced property investors will deliver a modern, spacious neighbourhood that will contribute hugely to the regeneration of the area, including the provision of much needed new housing.” www.eastmagazine.net 09
  • 10. Bouygues UK delivers innovative and sustainable construction across a wide range of sectors. Our biggest strength is our commitment to intelligent management throughout the entire life-cycle of each project – which is your guarantee of efficiency and excellence. No complications. No delays. Just a refreshingly passionate approach, a team you can rely on and a delivery on budget – every time. It’s the Bouygues UK way. ST PAUL’S WAY TRUST SCHOOL SIR JOHN CASS SCHOOL For more information about our approach and our projects visit: www.bouygues-uk.com
  • 11. The Olympics has brOughT fOrward easT lOndOn’s regeneraTiOn by aT leasT 10 years. EstatEs GazEttE’s Olympics cOrrespOndenT Nick WhitteN lOOks aT hOw sTraTfOrd has seized iTs chance continued overleaf ➳ www.eastmagazine.net 11
  • 12. he world’s eyes will “These projects are just the beginning. At Sugar House Lane, LandProp has soon be focused on east We will use our land holdings and planning put forward plans for Strand East, a London, as the 200-ha powers to ensure we maximise the benefits development with 1,200 homes and Olympic Park in Stratford of regeneration and development for the 50,000sq m of commercial space. hosts the 30th Olympic people living here, because we believe our Wales says: “We want to transform the Games during the residents deserve the best,” he adds. borough’s economy to create more jobs summer of 2012. Stratford – at the heart The masterplan focuses on four areas and offer real ladders of opportunity for of Newham’s Arc of Opportunity, Europe’s – Stratford Old Town, Carpenters Estate, work and learning. We want to encourage largest regeneration project – has grasped Chobham Farm and Sugar House Lane – more shops to open that will build a new this once-in-a-generation opportunity to because of their strong potential for change metropolitan centre for east London.” transform itself, with more than 20,000 and existing developer pressure. In the short Meanwhile, with its branded red lettering new homes and eight new schools to term, £760 million of early development standing out above the construction work, be built, as well as shops, leisure and opportunities have been identified, bringing Westfield’s £1.45 billion Stratford City community facilities, that will create more in 1,873 new homes and 71,000sq m of shopping centre-led scheme opened in than 46,000 jobs. commercial space. September, welcoming four million visitors, In December 2010 Mayor of Newham In Stratford Old Town, there will be up to a fanfare of praise. John Lewis, Waitrose, Sir Robin Wales approved the Stratford to 1,200 new homes with 204,400sq m Marks & Spencer and Vue Cinema anchor Metropolitan Masterplan, a strategic of retail, education, office and hotel space the retail element of the scheme – Europe’s vision document which was finalised after earmarked to complement development at largest shopping centre – which also a year-long process involving widespread Stratford City, creating a central focal point brought Foyles bookshop to east London. community consultation. of development in the area. Close to the shopping centre, Westfield “Change on a massive scale has already Chobham Farm’s future is seen as being has built the first phase of its 102,000sq m begun in Stratford with the construction of residential with 1,200 homes identified office development at Stratford City. The the Olympic Park and Stratford City – for the area. A mixed-use scheme is being 12,000sq m One Stratford Place has been a new shopping, leisure and commercial considered for the Greater Carpenters available since September, while a further destination of international significance,” neighbourhood with 1,900 homes and 93,000sq m will be delivered after the says Wales. 20,500sq m of commercial space planned. London 2012 Games. 12 winter 2011
  • 13. And as if that wasn’t enough, Australian developer Lend Lease, with London and Continental Railways (LCR), is working up plans to create the UK’s second-largest office campus, after Canary Wharf. International Quarter Stratford City (IQSC) will see 372,000sq m of grade A offices built on a 9-ha site next to Westfield’s Stratford City, and in front of the Olympic Park. The total 465,000sq m of office space in the two schemes will create a cluster more than double the size of the Paddington office market in west London. The £1.3 billion Lend Lease/LCR mixed- use scheme – which also includes 26,000sq m of hotel space and 350 new homes – was defined in a zonal masterplan completed at the beginning of August 2011, detailing how it will take shape over the 15 years following the Games, with the first offices ready for occupation from the end of 2014. The offices will be spread across 15 to 20 buildings of five to 20 storeys, each of at least 19,000sq m. Each building will be suitable for businesses of a range of sizes, with fully customisable floor plates ranging from 1,400sq m to more than 3,700sq m, allowing tenants to create an away, while Liverpool Street can be reached office environment that meets their needs in less than 10 minutes. For international and reflects their corporate culture. business, London City Airport is within 15 Lend Lease project director Matt Beasley minutes reach. Beasley says: “Unrivalled says: “We will engage with occupiers connectivity, world class workplace from project conception to deliver a amenities and key infrastructure already healthy, sustainable and highly productive in place make the International Quarter workplace, bringing ideas and experiences Stratford City London’s most exciting new from around the world to ensure their commercial district.” corporate vision becomes a reality.” Jones Lang LaSalle (JLL) and BNP Uniquely for a development of its size, all Paribas Real Estate were appointed joint the key infrastructure and facilities will be in office leasing agents for the IQSC scheme in LEFT: Westfield Stratford TOP RIGHT: The bridge place when the first office workers move in. June 2011. Chris Hiatt, chairman of JLL’s City at night. linking the centre of And those workers will be well connected national office agency team says: “Stratford ABOVE: Office space Stratford with Westfield. development is ABOVE RIGHT: Shoppers to other major business hubs. St Pancras will be London’s fourth major office quarter. well under way. at Westfield Stratford City. International station is just six minutes “In the short term, the focus will be www.eastmagazine.net 13
  • 14. on riding the wave of the Games. The connectivity is absolutely superb with the likes of the DLR, Overground, the Javelin Stratford’s cultural Newham Sixth Form College (NewVIc). The new education hub will house and Crossrail to come. It will also have and educational dedicated spaces for flexible full-time, pricing advantages over the likes of Canary renaissance part-time and evening study for 3,400 Wharf. We will be able to do a deal in the students, in subjects including law, £30s [per sq ft] and still make money.” The five-storey 8,600sq m University social sciences, accounting, digital As a further boost to the scheme, the Square development in Stratford will media, community development, history Manhattan Loft Corporation (MLC), soon be driving the area’s educational and the performing arts. which has recently fitted out London’s and cultural renewal. Bringing together Stratford’s cultural St Pancras Renaissance Hotel, will build The £33 million redevelopment assets – Stratford Picture House, Theatre a seven-storey 150-bed hotel alongside scheme, which is due to open in Autumn Royal Stratford East, Stratford Circus IQSC. Planning permission has been 2013, will provide space for Birkbeck, and the new University Square scheme secured to extend upwards to 42 storeys to University of London and the University – will create a vibrant cultural quarter at accommodate 253 high-rise apartments. of East London (UEL) as well as Theatre Square. MLC is credited with importing New York-style loft living to the UK and the new penthouse suites in Stratford could become the first east London flats to sell for more than £1 million. But the regeneration of Stratford is not only about new development: it is about building on the area’s history and making use of what is already there. Perhaps the best illustration of this is the £13 million Shoal sculpture, which will run just under 500 metres along the Great Eastern Road providing a striking entrance to the station. The sculpture, designed by architecture practice Studio Egret West, consists of a series of up-lit titanium leaves mounted on poles each of 16 metres in height. It will shimmer in the breeze, making it the largest kinetic sculpture in the world. Yet another medal-winning addition to Stratford. ABOVE: The Shoal RIGHT: University sculpture will run along Square, part of Great Eastern Road to Stratford’s University Stratford station. Quarter development. 14 winter 2011
  • 15. ONE FOCUS, ONE TEAM When it comes to real estate law, DLA Piper delivers. Commercial and innovative, we’re all about providing you with real value: developments and regeneration projects completed, returns maximised, disputes resolved and property portfolios strengthened. Find out more at: www.dlapiperrealworld.com, or contact Peter Taylor, Head of Planning, peter.taylor@dlapiper.com www.dlapiper.com DLA Piper is an international legal practice, the members of which are separate and distinct legal entities. For further information please refer to www.dlapiper.com/structure | A list of offices can be found at www.dlapiper.com
  • 16. foreign exchange PA Peter AndrewS, chief executive of London Thames Gateway Development Corporation PhM (LTGDC) – chair NG PA KM BL BoB LAne, chairman of LTGDC BL HM HArALd MüLLer, managing director of LandProp, development arm of Inter IKEA Group PhM PHiLiP MüLLer, marketing and communications manager, LandProp NG nicoLAS Guérin, director, Bouygues UK property development HM PM Peter MurrAy, chairman of New London Architecture and Wordsearch, a communications and marketing company KM Kevin MurPHy, chief executive of ExCeL London, which is owned by ADNEC, Abu Dhabi PM VC National Exhibitions Company VC vAneSSA cLArK, founder of Sinclair Clark consultant surveyors ➳ 16 winter 2011
  • 17. Foreign direct investment (FDI) has shrunk globally by over a third since 2006. Emerging markets are beginning to dominate but Europe still accounts for over 25% of global FDI. The UK leads, attracting about 19% of total European investment, about 36% of that coming into London, supporting one in seven jobs in the capital. Last year it created about 20,000 jobs. According to Ernst and Young, incoming businesses are most concerned about transport and logistics; telecoms infrastructure; and the political, legal and regulatory environment. They want stability to grow their businesses – with the right skills and labour readily available. So, how to attract those investors? East gathered a panel of experts to comment on how east London is – or should be – attracting investment from overseas. PA What influenced your company’s decision to come LEFT: Peter Andrews chaired into east London? the discussion at KM Abu Dhabi always planned to set up a series of event The View, LTGDC’s centres around the world. It created ADNEC events marketing suite overlooking the centre in the city, to attract business tourism. In Olympics site. looking to expand globally, it targeted London and LEFT BELOW: Harald Müller says ExCeL as a safe and interesting destination to which East tells investors they’re very closely allied. all about the The original ExCeL opened in 2000 and was opportunities for investment in funded by a Malaysian consortium. The development east London. happened thanks to the London Docklands Development Corporation [LDDC], a land deal, fast track planning, business rate holidays, and support for construction. It struggled from day one because of perceptions, connectivity, and not helped at all by Jeremy Clarkson writing about the first Boat Show: “That new place ExCeL… It was so far east it may as well have been in Poland.” VC But that perception hasn’t changed among seasoned central London investors. I’m still amazed by colleagues who haven’t been on the Jubilee line, on High Speed One, or in or through Stratford. They still don’t get how well-connected this area is. HM I arrived just yesterday and I’m staying in the Ibis Hotel in Stratford. No more sleepy Stratford. It’s full of people, traffic jams… it’s a real city. Westfield is the next piece in this whole puzzle, which will pull a whole lot of people to Stratford and put its existence firmly in their minds. ➳ www.eastmagazine.net 17
  • 18. Meet London’s local authorities on 1 March 2012 at City Hall to discuss their priority development sites www.sitematchlondon.com or call 020 7978 6840
  • 19. PA Kevin, are there plans for further investment LEFT: Vanessa Clark of Sinclair in ExCeL? Clark, Kevin KM ur next major project is to reshape the western O Murphy of ExCeL entrance, to make it visible as you get off the and Peter Murray of New London Docklands Light Railway. During that work we Architecture. want to build another 300-bed hotel. ExCeL is trying to become the events destination of London. Crossrail will be transformational, certainly for the Royal Docks and without a doubt for east London. The view of London is shifting towards the east, thanks to Siemens coming into the Royals, and IKEA, not to mention what the O2 has done. PA Harald, why did you invest here – did you target the UK, then London, and then end up in east London? HM We don’t look for ready-developed projects. We really try to find investments we can turn around and create a destination. And of course create value, by buying the land for a decent price, developing it and realising it. The financial crisis was a good moment to invest in the UK – it was overheating but that would die down. After a year looking, we came to east London. Just walking around, I could feel the potential. But before spending several millions on it, we looked at City Airport, ExCeL and Canary Wharf, which all made us certain this was the next up-and-coming area of London. Our board came over in June, and said: “Why are you so slow? Why aren’t you investing more money?” So now we’re trying to close more deals in east London. PA Nicolas – Bouygues has investments across mainland Europe but is relatively new to the UK. Why did Bouygues come to the UK and this area in particular? years later, it’s a great success. The Saint-Denis area NG The UK is a fantastic market, sounder than most is still improving, with a lot of banks and other big other European countries. Why east London? I see companies moving in. three main reasons. First of all, because we are used And thirdly, it was a good opportunity to add far to working with public bodies, and most of the land more value and to create a new city quarter. here was held by public bodies. PM Development has historically taken place in the Secondly, because we’ve got experience of huge West End and the City. One of the great drivers of regeneration, especially in north Paris. For the investment here in east London is the potential. The World Cup in ’98 we built a new stadium. Twelve rest of central London is full up, so it’s much more difficult to do things there. PA Can we get Bob’s view from his wider experience of “The UK is a fantastic marketing other parts of the country? market, sounder than most BL I was responsible for marketing Merseyside in the early 1990s. Here in London we already have a other European countries. world-class product and that’s part of the problem. In Why east London? ... it was Merseyside, the big issue was the seriously damaged brand. And the overwhelming priority was to get a good opportunity to add people to come and see it. far more value and to create As it was 200 miles away, we had a huge programme targeting decision-makers, including a new city quarter” chartering planes and taking people to the Grand National. The problem here is we are part of this successful product, this fantastic world brand. ➳ www.eastmagazine.net 19
  • 20. “We need to appeal to occupiers and create employment. We need to market east London with all its drivers: Canary Wharf, transport, the connections, the O2 and now the shopping” Even though our target market is only in the West connections, the O2 and now the shopping. End, you have to make just as much effort to get KM East London is actually ‘New London’. This them here as you would if they were 200 miles away. part of town is where the investment is going, East London was always the place for messy where transport and connectivity has improved industries. Trying to change that image is a big job, immeasurably, because of the London 2012 Games, as it was changing Merseyside. But Liverpool now because of Westfield. has a very positive image. PhM Yes, but I don’t think we should hide ‘east London’. If we start to change it and somehow wrap it nicely PA It needs co-ordination. The City co-ordinates then it may look desperate. investment by various developers and institutions, PM I think to younger people, east London actually has but there’s no single body to do that for east London very positive connotations. People want to come to – there have been too many agencies competing. live here because it’s exciting, it’s vibrant and there’s a KM There are so many, you’re not quite clear: Gateway lot to do. to London, OPLC, GLA or the ODA, London and HM I need to get people here. If you have the people here, Partners or Visit London, as was. then you don’t need to sell it at MIPIM. VC We absolutely have to market east London to London. In my couple of years at Canary Wharf, PA We will have the people here, with the Games. We are I was pulling investors in, getting a lot of cynical having people come to Westfield. The issue is getting agents over to east London, to Greenwich Peninsula, them to stay rather than go home, as they do at the to Stratford, to Canning Town. And that cynicism moment with ExCeL and O2. is still there. The unique investors at this table are NG The Games gives us a unique opportunity not typical of the investors that come out of London to communicate what is happening outside the and globally. And that’s who we’ve got to appeal Games site. to. Also, we need to appeal to occupiers and create KM ExCeL, City Airport, Canning Town and Westfield employment. We need to market east London should work together strategically on their marketing with all its drivers: Canary Wharf, transport, the and communications, so that we’re sending the same messages. For example, we’ve got a strategic partnership package with our clients, where we send them to Canary Wharf to dine, to party, to shop; to TOP: Vanessa Clark Westfield to shop; and to City Airport. of Sinclair Clark. RIGHT: Peter Andrews and Bob PA Are there any other barriers to entry that you feel Lane, LTGDC’s chief investors find here? executive and chair. OPPOSITE: Nicolas KM Taxation. We’ve got to campaign about taxation. Guérin, director of Also, if we’re going to create a destination, it’s got to Bouygues UK. be a future home for a company’s senior executives. They’ll be thinking where am I going to live? Are my children going to be safe? Are they going to go to a good school? Am I going to put my hand up for 50% tax? VC Universities don’t get much mention in the area – Greenwich University, University of East London, 20 winter 2011
  • 21. Ravensbourne opened at Greenwich Peninsula. We relocation of particular teams and for divisions that could make so much more of that. Employers want are being restructured. graduates, they want skilled labour. PA Vanessa, do you think that we have got the right PA Equally those universities want to promote their offer for investors and occupiers here? What product to an international population of students; more do we need to do to make this an attractive they want them to come to east London to study. environment for the footloose who could also go VC Definitely, particularly with fee levels as they stand anywhere else in the country? now in the UK. The international players really are VC For investors, it’s about articulating how the area very important. works, and the story of how a group of investors HM What is getting increasingly unbelievable is the invested and continue to invest here, in language planning system, and how expensive it is compared they understand. Putting some facts together, and to the rest of Europe. You need to employ 2,000 creating an investment profile. consultants to get through this stupidity. And The other area is attracting occupiers out they’re very expensive. And this pumps up the prices here. Whether it’s the government, whether it’s of housing. You don’t have this in other countries. pharmaceutical companies, insurance companies There, teachers and nurses can afford to buy their or the banks. own houses – and not by having higher salaries but lower prices for the houses. PA In spite of all the problems we’ve heard about, we’ve NG One thing that’s been done in my country is the only got to look out of the window, to see all these government shifting their offices from the centre wonderful opportunities and what’s being created of Paris to west or east of the city. It sets an example. in the Olympic Park, to see that the future is very VC In fairness, the government has said that Stratford bright for this part of town – and we can help to will be one of the locations it will look at for the accelerate and improve that future. ➳ www.eastmagazine.net 21
  • 22. in ve Pr en st im t o m e pp yi o el rt d un Space to live. Room to grow. ity Prices from £265,000 Expected rental £1,300pcm Earn 5.9% property rental yield * A development of 33 family • Award winning design • Family homes arranged around a homes, built to leading design traditional London garden square and environmental standards • Investment in new schools, retail and community facilities Completion in Spring 2012 • Highly sustainable homes, nature reserves and acres of green spaces Call now for early purchase • Buy in from £265,000 opportunities * Based on Foxglove house type DEVELOPMENT CORPORATION meadowlandlondon.com 0845 337 5759
  • 23. Government plans for an enterprise zone aim to reGenerate the last piece of the DocklanDs jiGsaw, the royal Docks, builDinG on the success of nearby Developments such as excel anD lonDon city airport. meanwhile, economic renewal is in eviDence to the north. with a rapiDly increasinG community of hiGh-tech start-ups anD establisheD companies, the area has attracteD the attention of Global internet Giant, GooGle. DaviD blackman reports www.eastmagazine.net 23
  • 24. he designation of London’s Docklands as an enterprise zone in 1982 may have been the key factor in kickstarting the transformation of the area into the office and residential hub that it is today. And the government has decided to use the enterprise zone mechanism to complete Docklands’ unfinished business – the regeneration of the Royal Docks. The area immediately to the east of Canary Wharf has seen significant investment in recent years, most notably ExCeL, London’s leading convention centre. Construction work has started on industrial engineering superbrand Siemens’ planned exhibition centre for sustainable technology, while London City Airport is expanding developable land. As the Mayor’s economic The government is offering a suite of by two-thirds. A new cable car, linking adviser Anthony Browne points out, the incentives to encourage firms to invest in the docks to the Greenwich Peninsula will docks are no further from the City of its enterprise zones. Firstly, companies that open in time for the London 2012 Games. London than is Hampstead – a greater locate in the enterprise zone will be able But much of the area, covered by one of 21 advantage when Crossrail’s Custom House to claim business rate relief for five years. new-style enterprise zones across England, station is built, giving direct links to both Incoming businesses will also benefit from remains derelict. central London and Heathrow airport. relaxed planning rules, allowing them to The area, which includes Custom House A spur of the Docklands Light Railway expand quickly without going though the and Silvertown Quays, boasts 125-ha of already runs through the Royals. normal bureaucratic hoops. Both incentives are designed to unlock investment in the area. The government also promises to roll out superfast broadband across the zone. Eco Incubator Newham Council’s regeneration director Clive Dutton believes sweeteners are crucial. Laying the building blocks of London’s He says: “In a competitive world, global first ‘smart community’ is the goal of investors will compare not only the location Ravensbourne College Eco Incubator of sites, but those that are best incentivised.” on the Greenwich Peninsula. Much of the Royals site is owned by The £72 million building provides the public sector, most notably the 20-ha space for early stage, high growth waterfront Silvertown Quays site for which potential, creative technology the London Development Agency is seeking companies. Backed by Ravensbourne a development partner. Enterprise and Innovation Centre Newham, has demonstrated its team and Greenwich Council, the Eco commitment to the Royals by locating its Incubator aims to foster a new cluster town hall there, and wants to stop the area of technology, media and design ending up as a collection of crinkly sheds companies on the 162-ha peninsula. – the fate of many 1980s era enterprise The facility already provides zones. The council is keen to secure a mix of space and services for 85 trading uses, ensuring real investment and not just companies, spanning software footloose companies relocating and then development, gaming, social media exiting when the incentives expire. platforms, architecture, transmedia, Vitally for Newham’s economy, this means film and TV production, product local people gaining a share of thousands of design, fashion and advertising. expected new jobs, as has already happened Ravensbourne’s director of enterprise at Westfield Stratford City. Businesses will and innovation, Chris Thompson, says: work with schemes such as the council’s “These companies are an explicit part Workplace employment programme to help of the Tech City regeneration and they residents, especially the borough’s younger are creating new jobs and services.” TOP: Tech City is well established in Shoreditch. people and long-term unemployed. MIDDLE: Emirates Air Line cable car. ABOVE: The new Crossrail station at Custom Newham’s Mayor Sir Robin Wales says: House, Royal Docks. “We want our residents to have the same 24 winter 2011
  • 25. opportunities and aspirations as people living elsewhere in the capital.” The enterprise zone is just one element Tech City in the wider regeneration of east London, Tech City is a new kind of regeneration £100,000 of match-funded grants, which sits at the hinge between the Thames initiative. While old-style regeneration which will go to 20 promising digital Gateway and the London-Cambridge projects relied on public sector cash to start-up companies. If successful, the growth corridor and is meant to deliver stimulate activity in areas shunned by Launchpad programme will be rolled out around a quarter of the capital’s new homes the market, Tech City aims to work with nationally to help stimulate the growth on one-twentieth of its land mass. the grain of economic activity. And it and success of small businesses. The regeneration of the Lower Lea Valley hopes to be an engine for the growth, But more typical of the initiative is the is moving rapidly ahead, thanks to the not only of the east London economy but recruitment of former LinkedIn European Games, and to the west, Shoreditch has seen that of the UK as a whole. managing director Kevin Eyres, to create the establishment of Tech City. The area around Old Street and a network of experienced mentors who The area’s profile as a centre for high- Shoreditch is Europe’s fastest growing can help guide the fledgling companies tech businesses was confirmed in autumn technology hub. From just 15 digital attracted to the area. 2011, as Google announced its lease on a and creative businesses in this area Van Der Kleij says that the chief seven-storey building, which it will refurbish in 2008, the number has increased to benefit will be to throw a spotlight on and open up to organisations that support 500. According to Tech City Investment the area, which is already home to some technology entrepreneurs, providing a Organisation CEO Eric Van Der Kleij, of the fastest-growing digital technology launchpad for start-ups and developers, the this number has increased from 200 companies in Europe. These include first such Google initiative globally. in the short time since the initiative firms such as Moo.com, Songkick, David Singleton, engineering director was launched by prime minister Wildfire and Tweetdeck. of Google UK, says: “We announced our David Cameron a year ago. “That has IT giants Cisco, Intel and Microsoft involvement in the Tech City project last happened without any major government have all followed suit by shifting year. Finding a suitable building is the investment,” he says. operations to the area, while Google will first major step, and we hope to announce “Tech City is a welcome overlay on support start-ups. New enterprises more details about the organisations we’ll what’s been going on here over the include social networking company work with and how they will use the space last 20 years,” says Hackney Council Yammer, which announced in August in the coming months. East London is regeneration cabinet member, councillor that it had chosen London as the home already home to hundreds of innovative Guy Nicholson, referring to the roots of for its first European headquarters. British start-ups, and has huge potential for today’s digital-creative hub in the artist Yammer, which will be based in shared economic growth and new jobs.” communities that sprung up in the area workspace TechHub, plans to double its Tech City Investment Organisation CEO during the early ’90s. Another advantage staff in the London office by the end of Eric Van Der Kleij, says: “Google is a terrific for technology companies was the area’s the year. example of a major technology business that superfast broadband, created to serve Tech City provides opportunities for understands the importance of nurturing the financial sector in the neighbouring fostering the potential of east London’s as well as benefiting from the communities City, which the more recent arrivals have human capital. Digital and creative where they operate.” been able to exploit. businesses can readily tap into younger Councillor Guy Nicholson, Hackney Some seedcorn public money is people’s interest in technology, providing council’s cabinet member for regeneration, available. Tech City’s Launchpad them with opportunities to design and sees evidence that this is happening. “It initiative has £2 million to invest in develop new technologies. is not just in Shoreditch and Dalston, but also in Hackney Central and Wick,” he says. “Developments geared for financial services are now being altered to create floor space that is more tailored towards artistic and creative businesses.” On the Greenwich Peninsula to the south, Hackney is working with Greenwich Council’s Eco Incubator initiative at Ravensbourne College. Chris Thompson, Ravensbourne’s director of enterprise and innovation, says that the recently extended East London undergound line is connecting the different parts of east and south-east London. He says “This is not just about Shoreditch and the Olympic Park. This is a really powerful boost for the regeneration of east London.” www.eastmagazine.net 25
  • 26. MAIN: London RIB Voyages will run a high-speed service taking VIPs and performers from their West End hotels to the O2 Centre. 26 winter 2011
  • 27. As officiAl pArtners to the london 2012 GAmes, lloyds tsB And Bt openreAch Are mAkinG sure the GreAtest show on eArth leAves A viBrAnt leGAcy for eAst london’s Businesses And residents. Paul Coleman reports T hanks to a loan from Lloyds TSB, and its the Olympic Delivery Authority (ODA) and London Thames programme of financial assistance, visitors to Gateway Development Corporation (LTGDC). the Olympic Park will be able to travel in “More accessible and attractive waterways will help draw bygone style on Water Chariots’ canal boat operators of restaurants, shops, cafes and other waterside trips from Tottenham Hale and Limehouse businesses, creating a new Camden of the east,” says the Basin. The Wapping-based operation also LTGDC’s head of economic development, John Middleton. offers VIPs and accredited journalists the enticing option of And for London RIB Voyages – another Thames riverboat travelling to the London 2012 Games entirely on water from operator running a high-speed service taking VIPs and central London, using Thames services run by riverboat performers from their West End hotels to the O2 – Lloyds operators before transferring to Water Chariots at TSB organised a meeting with 2012 hospitality companies. Limehouse Basin. The loan coincided with a £300,000 Such projects typify how Lloyds TSB, official banking waterbus route upgrade, funded by British Waterways, and insurance partner to the Games, is supporting www.eastmagazine.net 27
  • 28. Swan New Homes is a dynamic developing housing and regeneration agency with a Innovative homes commitment to delivering high quality regeneration projects throughout East London and Essex. designed for tomorrow’s • Embracing innovation and providing solutions lifestyles and technologies • Sustainable developments and awareness • Making positive changes for communities Visit swannewhomes.co.uk for further information or • Delivering high quality homes contact the development team on 0300 303 2500 to discuss throughout the Thames Gateway partnership opportunities that can make a difference.
  • 29. ABOVE: Water Chariots will take visitors to the Olympic Park from “Lloyds TSB ... is supporting east Tottenham Hale and Limehouse Basin – on board were Mark London businesses in both the Blackwell, British Waterways; Peter Coleman, Water Chariots; run-up to the Games and the and LTGDC’s John Middleton. legacy period afterwards, well beyond its contractual remit” east London businesses in both the run-up to the Games local suppliers which the bank knows that they should bid and the legacy period afterwards, well beyond its contractual for these contracts on CompeteFor.” remit as official banker to the Games. CompeteFor is a free business ‘dating’ site that matches The help was part of a £1 billion fund distributed to firms businesses with thousands of opportunities created by the chasing direct contracts from the London Organising Games. Over 40,000 London businesses have registered, Committee of the Olympic and Paralympic Games (LOCOG) along with another 100,000 firms across the UK. and the ODA. Although this fund was taken up by the end of There are other ways of getting suppliers in touch with June 2011, Lloyds TSB continues to offer financial support contractors. For example, Evans hosted a catering supply to firms engaged in Games-related ventures. chain event in Docklands, where buyers from large Paul Evans, Lloyds TSB commercial banking area director appointed 2012 Games suppliers Aramark and Compass for Essex and east London, says more than £73 million has Group told a host of smaller, specialist suppliers about their been lent to local businesses in 2011, many of which sub-contracting needs. “Smaller suppliers thought it was attended Lloyds TSB’s 2012 supply chain events. At one such fantastic that they could meet buyers of these large event, Evans recalls his alarm at finding one family about to companies,” says Evans. “I left after five hours and they were fund a new business with credit cards. “This was a great still talking and exchanging cards.” business so we arranged a structured commercial loan with There will also be plenty of contracts and sub-contracts much lower interest rates,” says Evans. after the Games as the Olympic Park’s new neighbourhoods Even now, at this advanced stage, the ODA is yet to award are developed. Businesses relocating and fit-out and all of its direct contracts. Evans stresses that Lloyds TSB is construction firms will want bank support. Daniels and still keen to help entrepreneurs further along the Games Evans regularly meet the Olympic Park Legacy Company to supply chain who want to benefit from the vast hospitality, see how Lloyds TSB can support these businesses. catering, leisure and tourism opportunities that remain. Lloyds TSB already supports Newham Council’s business “Contracts in this phase leading up to the Games are often development programme and is training its staff to become smaller yet more specialist,” says Chris Daniels, head of mentors to firms in their area. “It’s given our staff new ways London 2012 activation for Lloyds TSB’s wholesale division. of connecting with new customers,” says Daniels. “And it He recalls a note last summer from LOCOG advising Lloyds gives businesses we help access to new networks and ideas.” TSB that Games organisers needed specialist UK suppliers Evans says that while some firms still need to register of dim sum, samosas, spices, fresh loaves, pastries, goat’s quickly on CompeteFor, he believes the Games have made milk and cheese, and goat meat for goat curry. He forwarded a multitude of SMEs far more confident about public the LOCOG note to the bank’s frontline staff. “They told tendering and has awakened their entrepreneurial zeal. www.eastmagazine.net 29
  • 30.
  • 31. W hen London staged the Olympics in 1948, journalists queued to report winning feats by telephone, while operators It will also provide a boost for businesses in east London which are now demanding faster and wider bandwidth to run their new 1,000-days-to-go mark. “Our goal was to make sure the new infrastructure delivers the capacity, resilience and diversity to dispatched results overseas in morse code. telephone, TV and internet services. Barclay support the Games, journalists, visitors and Fast-forward to 2012 and audiences says: “It will create opportunities for media all of our UK customers,” says Wells. across the planet will be watching the businesses, SMEs and large corporations An estimated 27,000 members of London 2012 Games on an estimated to move into an area now equipped with the media will descend on the Olympic 8.5 billion PCs, smartphones and tablets, enabling infrastructure.” Park during the Games. Wells says BT thanks to BT Openreach’s high-bandwith, BT Openreach’s infrastructure is already Openreach is working to ensure the Games high-speed infrastructure. Its super-fast servicing the new Westfield Stratford network covers surges in demand when fibre access will deliver download speeds City shopping centre. And Andrew Wells, anticipated gold medal performances send of up to 100 MB per second and upload Openreach 2012 programme director, says: journalists scurrying to other event venues. speeds of up to 30 MB per second. “After the Games the network will support The network will also help ‘beauty cameras’ For those at the Games, BT is working to the thousands of homes being built in the showcase events at iconic venues, such ensure 14,700 athletes and an estimated Olympic Park’s new neighbourhoods.” as the beach volleyball at Horse Guards 500,000 visitors can keep in touch with Crucially for the area’s economic growth, Parade, facilitate live screens and support family and friends in over 200 countries. the new high capacity, diverse and secure athletes’ training camps across the country. Athletes in the 2,000 Olympic Village network will also serve the four million Test events have already successfully apartments will enjoy super-fast, high- square feet of new offices being built at the demonstrated the success of BT bandwidth connections and download International Quarter Stratford City. Openreach’s infrastructure, including speeds from new fibre-to-the-premises Super-fast fibre access will be available wireless internet, mobile communications, (FTP) technology, while competitors, to two-thirds of UK homes by 2015, the web hosting, fixed line IP telephony, local officials and spectators at the Weymouth centrepiece of BT Group’s £2.5 billion area networks, cable TV and broadcast. sailing venue will benefit from fibre-to- investment, and the Games are an In less than 10 years, the park has cabinet (FTC). important testbed for the deployment of raced to the forefront of communications Tim Barclay, BT Openreach managing this technology. infrastructure provision within the UK. It director for sales, marketing and customer “We’ve learnt valuable lessons during is a position that gives the area a huge engagement, says the Games will the build-up to the Games,” says Barclay. advantage in attracting new business demonstrate the potential of technology “We’ve been testing leading edge occupiers over the coming years. which will benefit east London long after technology on a huge scale at a high profile Barclay says the Games will leave a the closing ceremony. “FTP provides a real location. This has focused us on getting it legacy for both BT Openreach and for east legacy for future Athletes Village residents,” right – and doing it brilliantly.” London: “The Games are a catalyst for says Barclay, “and will support other areas Wells recalls the enormity and complexity galvanising our teams. Our infrastructure is being regenerated around Stratford.” of BT Openreach’s task on reaching the building a legacy for future generations.” www.eastmagazine.net 31
  • 32. ST. ANDREWS, TOWER HAMLETS E3 ALTITUDE, TOWER HAMLETS E1 DALSTON SQUARE, HACKNEY E8 barrattlondon.com 020 8522 5500 Mixture of CGIs and actual photography shown
  • 33. DELIVERING FOR EAST LONDON MAPLE QUAYS, SOUTHWARK SE16 WATERSIDE PARK, NEWHAM E16 Aldgate | Brentford | Bromley-by-Bow | Canada Water | Dalston | Edgware | Hayes | Lewisham | Putney | Royal Docks | Wandsworth | Westminster
  • 34. strand East CAMDEn IslIngton hACKnEY Olympic Park Stratford toWER Bromley by Bow hAMlEts WEstMInstER CItY 02 Canary Wharf 02 Roofwalk lAMbEth soUthWARK 34 winter 2011
  • 35. with the olympic park well on its way to completion and the recent phenomenon of westfield stratford city, there is more yet to come. we focus on six major projects helping to transform east london ➳ re ative Industrie gC sQ n ua ki bar rte r inable Indus s usta trie on sP d lon ark bARKIng AnD DAgEnhAM nEWhAM hAVERIng ng king Riverside Canni town ba r bEXlEY gREEWICh www.eastmagazine.net 35
  • 36. Almost complete is Meadowland, a vital early creating a vibrant new community for part of the Barking Riverside development. 26,000 people. The 2km landscaped This cluster of 33 two-, three- and four- waterfront development of 10,800 homes bedroom homes is set around a landscaped – giving local residents access to the River garden square featuring a community Thames for the first time – will eventually orchard of fruit trees, a rain garden and comprise seven neighbourhoods. Drawing play area. The combination of advanced on £50 million of public funding as well off-site manufacturing techniques and a as £120 million of public infrastructure rigorous design process have created highly funding, the scheme will create 1,500 jobs. sustainable homes that represent a significant Already open, the Rivergate Centre, move forward in the internal space, design designed by van Heyningen and Haward, standards and overall quality of new family comprises a 630-place primary school, homes in the area. place of worship and social enterprise Meadowland is a key residential units, all centred on a public square. A component of the first phase of one of small lake beside the school is landscaped the largest development sites in London. with reed beds to encourage wildlife. At 185-ha, 41% of which is green space, A secondary school (planning approval Barking Riverside is one of the largest secured) forms part of a later phase, with a brownfield regeneration projects in Europe, district centre including a retail superstore. LEFT: Sustainable homes at Meadowland, Barking Riverside. ABOVE: The new Rivergate Centre. RIGHT: Office and studio space at the refurbished Granary. TOP RIGHT: Rathbone Market redevelopment at Canning Town. 36 winter 2011
  • 37. The first phase of work on a vibrant new Creative Industries Quarter (CIQ) in Barking has been completed with the restoration of a Victorian warehouse. The former granary warehouse has been refurbished, alongside a striking new-build addition, to provide office and studio space on the east bank of the River Roding. The development comprises five floors, split into two wings, separated by a central core, and a cafe/bar with a riverside terrace and kitchen. Existing brickwork was retained on the north wing with the brand new south wing clad in bronze. Also part of the first phase, the CIQ already has a number of creative industries in the restored Malthouse – including the Arc Theatre studio, 3Arts Drama Company, SPACE, visual artists and photographers. A new phase of development scheduled for the new year will create 220 new homes, workspaces for local artists, a new public square, community facilities and better public transport links across the River Roding. Peter Andrews, chief executive at London Thames Gateway Development Corporation, said: “Barking has a vibrant creative The first phase of English Cities Fund’s such as the black redstart, found on the industries base and our CIQ will act redevelopment of Rathbone Market, which nearby Thames and Lea rivers. as a focal point to attract similar began in December 2010, has been named The main contractor for the development industries to the area.” Vermilion. The scheme is due for completion is Sisk; and the sales agent, Hamptons in summer 2012. It will include a new market International, already reports interest in the square with shops, offices and community apartments, conveniently located just a five facilities. The development features 271 minute journey from Canary Wharf. apartments in a colourfully clad 70m-high, Elsewhere on the Canning Town site 21-storey tower which inspired the name. Bouygues Development and its partner A big attraction for new residents of One Housing Group have submitted plans the apartments will be a communal eco to London Thames Gateway Development garden, with all hard landscaping made Corporation for a 6-ha scheme. from materials recycled from demolished The planning application includes an buildings on site. Rainwater from the roofs outline submission for a masterplan, plus will be diverted into a pond and watering a detailed first phase application with system, while a soundproof ‘green wall’ proposals for 179 residential units of will protect nesting birds from noisy roads both private and affordable housing, as and train lines. Plants have been chosen well as retail units, including a 7,000sq m to recreate the habitat of protected species Morrisons supermarket. ➳ www.eastmagazine.net 37