Although the Park, with its wealth of assets and infrastructure, will act as a catalyst for regeneration for the whole of east London, the additional investment into the area is significant. £12.5 billion has been invested into the Stratford area by the public and private sectors (not including the cost of building the Park). The fantastic transport infrastructure and proximity to the city of London are key factors in the confidence of investors to the area, and the developments listed below are clear evidence of this.
The International Quarter, Stratford City
- £1.3 billion project by Lend Lease and London & Continental Railways.
- A vibrant, new urban quarter in the heart of Stratford City, providing four million ft2 of Grade A flexible commercial office space, 350 new residential units and hotels with associated retail, childcare facilities and community uses — all set within a unique parkland environment.
- 22 acre site of which three acres will be civic and open space.
- First commercial occupancy projected for 2015.
- Delancey and Qatari Diar have invested £557million in the Athletes’ Village, and will provide the long-term management of the Village.
- The joint venture will work alongside Triathlon Homes who have invested £268 million in this project to date, and will manage the affordable housing in the Village.
- Triathlon Homes is a joint venture company established by East Thames Group, First Base and Southern Housing Group.
- The Village will deliver 2,818 new homes, including 1,379 high-quality affordable homes.
- ArcelorMittal, the world’s largest steel company, funded £16 million of the £19.1 m project to create this world-class attraction in the Park.
- The ArcelorMittal Orbit is the UK’s tallest sculpture at 114m, designed by world renowned artist, Anish Kapoor, and structural engineer, Cecil Balmond.
- The structure offers unparalleled views of the entire Park and London’s skyline for visitors from its 76m and 80m viewing platforms.
Westfield Stratford City
- £1.45 billion project.
- 1.9 million ft².
- A 50% stake in the development was bought for £871.5 million by a joint venture between Canada Pension Plan Investment Board and APG of the Netherlands.
- 300 shops and over 50 dining establishments.
- Includes a 17–screen cinema, the UK’s largest casino, a 14 lane bowling alley and over 600 hotel rooms
- 1 million visitors a week
- 30 acre project.
- Development plans include 1.3 million ft² of housing, 480,000 ft² of office space and 200,000 ft² of hotels, shops, a health centre, community centre, nursery school, gym and parking.