Westfield ΓÇ£Stratford CityΓÇ¥ Could Add 1.1m sq. ft. of Olympic Fuelled Office Space
Aussie shopping centre giants Westfield have been left with permission to build 1.1m sq. ft. of prime office space at its ΓÇ£Stratford CityΓÇ¥ site ΓÇô soon to be the largest shopping centre in Europe and which is located between Stratford tube station and the East London Olympic Park.
The development, which has already secured anchor retail tenants in the form of Marks & Spenser and John Lewis, was originally split between UK developer Stanhope, Australian building firm Multiplex and Westfield – before 12 months of negotiation saw Westfield take control of the development rights for the 180-acre site after they bought out the other parties for ┬ú140m.
As mentioned the shopping centre aspect of the site will become the largest in Europe once completed, with room for 300 retailers and a 12-screen cinema complex. But in taking total control of the East London site Westfield have been left with permission to add 1.1m sq. ft. of office space to a location that will be not only at the heart of the London Olympics, but also a major regeneration program that will certainly transform and create desirability ΓÇô placing this additional office space as the gold medal favourite to capitalise both during and after the Olympic Games.
According to a report in the London Evening Standard last week, some 130,000 sq. ft. of this office space will be constructed and ready to go by 2012.