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Olympic Park site signs first commercial deal

Posted by Mark
July 25, 2013 in News

The International Quarter in Stratford City, London, has seen the signing of its first commercial deal. The site, adjacent to the Olympic Park, will see the development of a new hotel that will take in views of the Olympic Village.

The deal sees Lend Lease and London & Continental Railways joining up to sign an agreement with Starboard Hotels and Union Hanover Securities. It sees plans for 18-floor, 500 bedroom hotel comprising 275,000 sq ft being drawn up.

It will be a design-led project for an Urban Villa-styled hotel, with plans to draw an upmarket and international crowd. With a number of  office fit out  office fit out projects planned for the area, it will also target the executive business traveller.

Its location next to the Games site will be a huge draw, as will its ideal location close to Stratford International Railway Station, underpinning its accessibility from across Europe.

Talking about the deal, Lend Lease’s Project Director Kristy Lansdown said:

“This deal represents a decisive step for both The International Quarter and the Olympic legacy.”

The same sentiments were echoed by Starboard Hotel’s managing director, Paul Callingham. He said:

“We are thrilled to have secured such a prominent site for a hotel in the heart of the Park, close to Westfield and Stratford International.

“The Olympic Park has become one of the most iconic venues in London and plans for creating a legacy on the site will ensure that it remains a key hub for both business and leisure in East London.”

The hotel is likely to come online through 2016, though planning has still to be approved for the site.

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