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Olympian Tower, Stratford



26 storey mixed use tower immediately adjacent to Stratford bus and underground Stations as well as Eurostar international terminal.

The site is a strategic gateway site between the existing Stratford Town and the forthcoming Stratford City. It not only has immediate access into the Central line, Jubilee line, DLR and the national rail network but it is only a stone’s throw from the Olympic site which, is set to radically regenerate this part of East London.

The scheme has been designed by award winning architects Allies & Morrison who have created a stunning 26 storey elliptical tower. It comprises 5,531 sq ft of retail on the ground floor with approximately 45,345 sq ft of offices over the next 5 storeys. The remaining 20 storeys are residential and will provide 260 flats in total, comprising 1-bed and 2-bed flats. There is parking provision for 62 cars, 18 motorcycles and 280 bicycles. Planning consent has now been granted.
http://www.theunexgroup.co.uk/projects/olympic_tower.htm
 

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http://www.bbc.co.uk/sport/0/olympics/20041426

London 2012: Olympics and Paralympics £377m under budget

The cost of the London Olympics and Paralympics will be £377m less than expected, according to the government.
The combined budget for the two events was £9.29bn, but the projected cost is £8.92bn.
Savings came from a drop in security, transport and construction expenses.
Sports minister Hugh Robertson said: "London 2012 was a tremendous success and it is a significant achievement to deliver this large and complex programme on time and under budget."

Another £103m from a contingency fund was also left unspent, meaning a total of £480m still remains from the original budget.

The government said this money will cover "risks" linked to the revamping of the Olympic Park.

The figures are from the government's final quarterly economic report.
With some London 2012 contracts still to be wound up, ministers have described the underspend as a "prudent" estimate.

Robertson added: "The work of the construction and delivery teams, from the ODA [Olympic Delivery Authority] and Locog [London Organising Committee of the Olympic and Paralympic Games], has set a very high standard.
"I have no doubt that London 2012 has set a new benchmark for the management of Olympic and Paralympic Games in future."
The ODA is now transforming the apartments in the Olympic Village into thousands of new homes, removing partitions and fitting kitchens.
It is also returning temporary Games venues to their previous use and owners.

ODA chief executive Dennis Hone said: "We are delighted the venues and infrastructure that we were responsible for delivering proved to be such a big hit and provided an incredible stage and backdrop for the world's greatest sporting event."


The budget set in 2007 was almost four times the estimated cost at the time London bid in 2005.


It was revised upwards after taking into account previously overlooked costs such as VAT, increased security costs, and an expanded brief for the ODA to regenerate the lower Lea Valley area.
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A tree-lined promenade, interactive fountain and classic carousel will be part of the new Queen Elizabeth Olympic Park.

Planning permission was unanimously granted last night for a beautiful new plaza in the south of the Park in the area between ArcelorMittal Orbit, the Aquatics Centre and the Stadium.

The South Plaza, the public space at the heart of the South Park, will be a dynamic, landscaped area dedicated to entertainment and cultural activities, offering new experiences for each visit.

During Games-time the South Plaza was occupied by temporary cafes, shops and toilet facilities. These will be removed to leave an 11.3 hectare space, (28 acre) equivalent to 16 football pitches, for the new Plaza.

The plans will see this area transformed into beautiful new parkland – contributing to the Legacy Corporation’s plans to double the open space inside Queen Elizabeth Olympic Park in comparison to Games-time.

More @ http://www.londonlegacy.co.uk/legac...ahead-to-create-london’s-newest-public-space/







 

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£1bn Olympic Park university quarter gets go-ahead

University College London has got the green light to work up outline proposals for a £1bn campus close to the Olympic Park in east London.

Controversial plans to create a university quarter in Stratford were approved by Newham Council. The university is proposing the development of 2.4m sq ft of university buildings and 1.5m sq ft of non-UCL residential and public realm space by 2021. This is comparable to its Bloomsbury site in central London.

The project could sustain around 1,000 construction jobs in Newham over a 11-year period, once work begins on the 23-acre site in 2016.

The council must now convince about half the estate’s 700 households to leave the doomed Carpenters Estate site in Stratford ahead of demolition or face being forced out under compulsory purchase orders. Both the council and UCL aim to have a conditional contract ready for exchange by the end of next year.

plans to regenerate Carpenters Estate have been on the drawing board since 2000 with several schemes presented to residents since that time.

In 2008, the council unveiled plans to place dilapidated towers at the estate at the heart of a now £800m Local Asset Backed Vehicle, but these had to be cancelled because the investment could not be raised.

University provost Malcolm Grant said: “UCL is a world-leading institution, but our plans for growth are currently limited by our central London location, so we need suitable space to support the development of world class teaching and research.

“UCL Stratford is not envisaged to be an east London satellite to our historic Bloomsbury campus, but a new internationally recognised research-led hub.”
http://www.constructionenquirer.com/2012/10/29/1bn-ucl-campus-new-olympic-park-gets-go-ahead/
 

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American Football - The NFL a shock new contender for Olympic stadium

The NFL has emerged as a shock new contender for the Olympic Stadium after the American football league held discussions with mayor Boris Johnson.

Premier League side West Ham United have long sought a move to the site, but the growing popularity of American football in the UK has increased speculation that the league might look to base a team in London.

Over 84,000 people packed into Wembley last weekend to watch the New England Patriots defeat the St. Louis Rams – the sixth year in succession that a regular season NFL game has sold out in the British capital. There will be two games played at Wembley next season but something more permanent could now be in the pipeline according to the Daily Telegraph.

The paper quotes a spokesperson for the mayor as saying: "Given the ever-growing popularity of gridiron this side of the Atlantic, the mayor and his team have held a number of meetings with senior executives in the last few days to explore further opportunities for NFL in London.

"The talks were exploratory and we are at an early stage but the signs are encouraging.”

Mayor Johnson is the chairman of the London Legacy Development Corporation - the company that is responsible for the running of the Olympic Stadium.

The paper reports that West Ham's bid has been hampered by the fact that they would be reluctant to pay the estimated £200m needed for the installation of retractable seating under the stadium’s athletics track and would instead look for state aid to help make the modifications.

Another factor in the NFL's favour is that a team would only need the stadium for a maximum of 10 times a season, which would allow other speculated events – such as a rumoured Formula One race – to take place at the venue.

The mayor's spokesperson noted: “Sunday’s game at Wembley, in front of more than 80,000 fans, further cements London’s reputation as the natural home of American football outside of the US.

"Only last week the mayor, in conjunction with the NFL, announced an expansion from one to two regular-season matches in London from 2013. That means in total an additional £44 million in revenue for the capital from next year."

Robert Kraft, the owner of the New England Patriots, also backed the idea of a London team when over last weekend.

"For our game to continue to grow and be special we have to expand our fan base, and I think from our cultural and language point of view, going to England and playing there and developing the game made sense," he told the Boston Globe.

"We have such a following in the UK and people really grab on to the game. It’s wonderful to see another country embrace our sport, and by bringing the real game there I think they have really loved it.”
http://uk.eurosport.yahoo.com/news/...-new-contender-olympic-stadium-095315579.html
 

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Next stage of Olympic Park transformation is unveiled

A tree-lined promenade, interactive fountain and classic carousel will greet visitors to the new Queen Elizabeth Olympic Park. Planning permission has been granted for a new plaza in the south of the park in the area between ArcelorMittal Orbit, the Aquatics Centre and the stadium.

During the Olympics the South Plaza was occupied by temporary cafés, shops and toilet facilities. In their place, will be a 28-acre, dynamic landscaped area dedicated to entertainment and cultural activities.

James Corner Field Operations – the landscape architects responsible for the award-winning High Line in New York – have designed the plaza.

Dennis Hone, interim chief executive of the London Legacy Development Corporation, said: “Achieving planning permission for the South Plaza is another milestone for the corporation, bringing us one step closer to realising Queen Elizabeth Olympic Park.

“Over the coming months, as we inherit more of the park from the Games organisers we will be able to move on to site and begin its transformation into a new part of the city and a truly unique public space. The corporation aims to open the South Park in spring 2014, following the phased opening of the North Park from July 27, 2013.

It will be a place to stroll and people-watch, with permanent food kiosks as well as occasional market stalls, magical lighting, benches, porch swings and climbable abacus ladders.

The creation of Queen Elizabeth Olympic Park after the Games will be one of the biggest construction projects in Europe.
http://www.london24.com/news/next_stage_of_olympic_park_transformation_is_unveiled_1_1677778
 

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Olympic Games have left gold medal legacy for London as hi-tech centre

Now that the leaves are falling and the Olympic and Paralympic memories are starting to fade into the autumn mist, it might be tempting to imagine the Olympic Park and its surroundings have no further purpose. Far from it: the site is being prepared for a hi-tech future at the forefront of the digital economy.

For many organisations involved in London 2012, now is the time to start making good on their legacy plans and to create new opportunities for London and the UK as a whole.

Technology companies are targeting the Olympic site as a new base, bringing with them new building developments as well as training and employment opportunities.

"The Olympic site was once marshland but is now one of the most well-connected parts of the UK from a technology and infrastructure perspective," said Adam Landau, co-director of commercial property estate agents DeVono Property.

"Some of the largest available spaces, such as the media centre and technology infrastructure centres, are prime examples of the type of spaces that the Google and Facebook equivalents of tomorrow could become part of."

According to Mr Landau, the amount of space available, coupled with a state-of-the-art network infrastructure, makes the Olympic site and its environs an attractive alternative to other parts of London. He said: "This is the perfect opportunity to create a Canary Wharf equivalent for technology companies."

That's certainly the plan, says Duncan Innes, executive director for real estate at the London Legacy Development Corporation. He believes the area will be an ideal location for existing businesses and start-ups alike.

"This will particularly be the case for fast moving, fast growing IT and tech companies," he said. "Businesses that move to the area will find themselves at the centre of a new and vibrant part of the city with unrivalled infrastructure, world-class venues and fantastic parkland."

That infrastructure extends well beyond subterranean fibre-optic cabling and manicured paths. For example, nine rail lines serve Stratford station and they have had their mettle thoroughly tested by this summer's crowds, making living and working in the new sites much more practical.

Gradually some of the venues that brought the Games so successfully to life will find new incarnations: the anti-doping lab will function as a research laboratory, while The International Quarter Stratford City will spring up on the site of the London 2012 security base (providing four million sq ft of new work area and three acres of open spaces).

"The huge size and capability of the IT infrastructure and broadband width in place makes TIQ Stratford City particularly attractive to technology firms," said Kevin Chapman of property group Lend Lease. There are also grand designs for the former media headquarters, which includes incubator spaces for start-ups, training facilities for apprentices and even a university research centre. "The East End has a rich culture of creativity," said Innes. "We believe the press and broadcast centres will become a new commercial centre for East London that will bring thousands of jobs and training opportunities for people in the area."

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http://www.standard.co.uk/news/lond...gacy-for-london-as-hitech-centre-8220072.html
 

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LLDC begins takeover of London 2012 Olympic Park

The London Legacy Development Corporation (LLDC) has begun the takeover process of the Olympic Park in Stratford from London 2012 as it prepares to transform the site into a vibrant new community in the capital.

The programme of work to transform the Olympic Park site following the conclusion of the Olympics and Paralympics is already well underway with London 2012 having removed the majority of the temporary facilities that were in place for the Games.

A significant proportion of Games-time temporary overlay has also been removed as the LLDC begins work to transform the Olympic Park as part of a £292 million ($465 million/€360 million) construction project.

"The work has already begun on preparing the Olympic Park and Olympic Village for legacy," said LLDC interim chief executive Dennis Hone.

"Once all the overlay and Games-time elements are removed, we will start to deconstruct the temporary venues, adapt permanent venues for future use, reshape the landscape and retrofit the village into a new community for London.

"This will take some time, but the wait will be worth it."

Hone, who is also the chief executive of the Olympic Delivery Authority (ODA), the company that built the Olympic Park, added that it will be a magnificent site when it reopens as the Queen Elizabeth Olympic Park next year.

"Queen Elizabeth Olympic Park will be a fantastic new place to live, work, visit and enjoy," he said. "This really is an opportunity to create a legacy of the type we have never seen before."

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http://www.insidethegames.biz/olymp...c-begin-takeover-of-london-2012-olympic-park-
 

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Olympic and Paralympic cauldron ‘petals’ sent as gifts to competing nations

Today the London Organising Committee of the Olympic and Paralympic Games (LOCOG) commenced the distribution programme of the handmade copper petals from the cauldron that burned so brightly during the London 2012 Olympic Games and Paralympic Games.

Designed by renowned British designer Thomas Heatherwick, the London 2012 cauldron represented every participating nation through a series of handmade copper elements, known as ‘petals’, with one created for every country taking part in the Olympic and Paralympic Games. Each National Olympic Committee and each National Paralympic Committee will receive their copper piece by the end of the year. Heatherwick Studio’s vision was that there would not be a large cauldron left after the 2012 Games. Instead, each of the copper petals was to be offered to each country as a memento of their incredible sporting achievements.

During the Opening Ceremony for the Olympic Games the 204 petals for the Olympic cauldron were carried into the Stadium as part of the parade by young people from East London who accompanied each competing nation. The young people placed the petals on the cauldron before it was lit and raised into its upright position. During the Paralympic Games Opening Ceremony the 164 petals representing each nation were pre-set before the parade of nations and prior to the spectacular cauldron lighting sequence.

Sebastian Coe, Chair of LOCOG, said: ‘I am delighted to conclude the story of the cauldron by presenting each National Olympic Committee and each National Paralympic Committee with the copper petal that represented the achievements of their teams at the 2012 Games. Each petal is an iconic symbol of each nation's participation in the London Games and a fitting final gift from London to the world.’
http://www.london2012.com/news/arti...dron-petals-sent-gifts-competing-nations.html
 

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Olympic body predicts £1.1 billion in land sales

Expected receipts from sales of land in and around London's Olympic Park are £1.1 billion, according to the new chief executive of the body overseeing legacy development in the area.

Appearing before a London Assembly committee this morning, Dennis Hone, appointed last week to his new role at the London Legacy Development Corporation, said that the estimate was the most realistic estimate within a range of possible receipts from land sales up to 2030 which had been produced by the body.

He said that the estimate took into consideration planned affordable housing levels on the park of 35 per cent, plus the LLDC's design standards and the plan that around 40 per cent of the new homes would be built with three or more bedrooms.

Hone said: "We have set thresholds on what we want to do and have factored that into our projections. Achieving £1.1 billion is still possible with the standards we have set."

Jonathan Dutton, LLDC executive director of finance and corporate services, said that the predicted £1.1 billion receipts would be subject to corporation tax. And Hone also raised the prospect of speeding up the sale of land owned by the development corporation.

He said: "We are looking at whether there is the potential to bring forward sites quicker. Phasing goes up to 2030, but I want to look at that to see if we can bring that forward. I think there is an opportunity to do that because it will be a very attractive destination."

Hone said that the organisation is hoping to fund its park-related running costs through a programme of events being held in the park, and through sponsorship of venues.

He said: "Our aim is to minimize, if not eradicate, any taxpayer contribution." He also said that he aimed to make the LLDC more efficient and said that the company would "scale down" as time went on.

Hone also said that the LLDC was working on preparing a community infrastructure levy, the new method of securing developer contributions to infrastructure costs which sets a scale of charges for different types of schemes, in order to support a local plan which he said the corporation was expecting to be produced by 2014.
http://www.regen.net/news/1158646/olympic-body-predicts-11-billion-land-sales/
 

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Olympic Park tours to begin during site’s transformation

The Olympic and Paralympic Games may be over, but from next week people will have the chance to tour the Olympic Park.

Free bus tours of the site, which will be known as the Queen Elizabeth Olympic Park in the future, will start up again from next week.

Currently the Park is closed to the public as it undergoes a phase known as transformation, which includes the dismantling of temporary venues, the conversion of permanent venues for legacy usage and connecting the Park to the surrounding areas with a series of walkways and bridges.

Tours of the site will begin on November 21 and run on Wednesdays, Thursdays and some weekends until the first section of the Park opens in July 2013.

Those living closest to the Park will be given priority when booking tours.

Dennis Hone, chief executive of the London Legacy Development Corporation (LLDC), said: “We know there’s lots of interest in what is happening to the Park and we want to make sure people can get on to the Park while it is closed and hear about our great plans.

“This is especially important for those people living closest to the Park who have lived with the ongoing construction on the site.

“Queen Elizabeth Olympic Park will be first and foremost a local park which is why we are prioritising those living in the host boroughs of Newham, Waltham Forest, Tower Hamlets, Barking and Dagenham and Greenwich.”

Tour guides have all been recruited from the host boroughs and are all former Olympic Delivery Authority guides who have been working as tour guides on the Park since September 2009.

Steven Richards, 68, a tour guide from Hackney said: “One of the best things about running the tours has been seeing people get enthused about the Games, and about the Park. There has been such a dramatic change in this area from a site that was virtually derelict to the Olympic Park and now the new Queen Elizabeth Olympic Park.”

Des Blake, 55, a tour guide from Stratford, said: “Doing the tours has been a great opportunity to get to know people from around the world. Now seeing the legacy of the Park take shape is brilliant.

“This is one of the reasons why we got the Games – it’s already benefiting the local area and helping local disabled people like myself get back into employment.”

There will be three tours a day during the winter months and in the spring and as the days get longer, a fourth tour will be added, and there are approximately 11,000 places on the tours.

http://www.london24.com/news/olympic_park_tours_to_begin_during_site_s_transformation_1_1692574
 

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Shard or Olympic Park could house BT's "iconic" television studio

BT is in talks to use an “iconic” landmark building for its new television studios, prompting speculation that it could set up in London’s Shard skyscraper or at the Olympic Park.

The telecoms giant is looking for a 40,000 square foot space to act as the hub of the new sports channel it is due to launch in the first half of next year, as it prepares to ratchet up competition with rival BSkyB.

Sources told The Daily Telegraph that BT had considered a number of different “prestigious” sites, including some outside London, to house offices, editing suites and three different television studios.

One of the options under consideration was a homecoming to the BT Tower, the company’s original headquarters north of London’s Oxford Street. However, BT was forced to rule that idea out because the Grade II listed building’s ceilings were too low.

However, the company’s property team is understood to have identified another site and expects to finalise a deal within the next few weeks.

Sources pointed towards either the Shard, the tallest building in Western Europe whose prominence on the London skyline would give the BT brand a boost, or the Olympic Park at Stratford.

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http://www.telegraph.co.uk/finance/...could-house-BTs-iconic-television-studio.html
 

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Olympic construction generated £7.3bn

Construction of London Olympic venues generated an economic boost of £7.3bn to the UK, but much of the benefit was felt in London and the south, according to an independent report commissioned by the government.

Grant Thornton said the five-year construction period from 2007 generated £8.2bn of gross value added. After accounting for the displacement of other construction work, that left a net impact of £7.3bn of GVA. The economic benefit was most felt in London, the southeast and the east of England, which accounted for £4.8bn of the net GVA.

London-based companies won 54 per cent of all contracts awarded by the Olympic Delivery Authority. The Grant Thornton report said London businesses and those trading for five years or more were “significantly more likely” to be shortlisted for contracts.

The value of the Olympics’ economic impact was questioned by Stefan Szymanski, an economics professor who helped prepare previous reports on the subject.

“This report confirms earlier research findings that the economic impact of the Olympic Games in the UK at best amounts to around one-tenth of 1 per cent of GDP – the size of a rounding error,” he said.

“It may have been worthwhile diverting all that government time and effort into creating the Olympic feelgood factor, but it does not stand up as a public finance investment proposition.” Grant Thornton also said there had been a slight increase in sports participation since the games were awarded to the London.

Hugh Robertson, sports minister said: “The legacy from the London 2012 games gives us an opportunity to regenerate east London, maximise opportunities to drive economic growth and encourage a generation to choose sport.”
http://www.ft.com/intl/cms/s/0/54317ce4-2db7-11e2-9988-00144feabdc0.html#axzz2Crwls99V
 
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