Lendlease JV secures approval for new commercial building at £2.4bn IQL

WCN Editorial Team 1 Oct 2018 EUROPE BUILDINGS

Australian infrastructure group Lendlease and London and Continental Railways (LCR), wholly owned by the Department for Transport (DfT), have secured approval from the London Legacy Development Corporation for a new commercial building at the £2.4bn International Quarter London (IQL) in Stratford, London.

IQL is a joint venture development between Lendlease and LCR. The building will provide 350,000ft² of new workspace across 22 storeys at IQL, which is positioned at the gateway to the Queen Elizabeth Olympic Park.

The building, designed by London-based architects Arney Fender Katsalidis (AFK), will be the first one at IQL to include ‘third space’ into its design. These areas will cater to a variety of uses and are included to encourage movement and collaboration throughout the building.

Ground floor will include retail space and the first floor will accommodate leisure space, which are aimed at attracting people who work at IQL as well as visitors and local residents.

The ground floor lobby will be designed to encourage people to work, socialise and relax. The building is expected to create a space that supports IQL’s vision of building a neighbourhood that makes a positive impact on the health and happiness of workers, residents and the wider community.

The new building will also feature a roof terrace.

The Financial Conduct Authority (FCA) and UNICEF will relocate to the development over the summer. TfL moved to its new building, 5 Endeavour Square, in September 2017.

Construction on the third commercial building has begun, and space has been pre-let to Cancer Research UK and British Council and they will shift in late 2019 and early 2020, respectively.

Lendlease project director of IQL Andrew Tobin said: “IQL is creating a new workplace experience for London, starting with the belief that a workplace should not have boundaries.

“It has been designed for tenants to have a multi-layered experience that extends from their desk to the variety of third space provisions available in the area.

“The approval of plans for AFK’s new building marks a new chapter for IQL, as we bring this new type of public space to the area.”

___________________________________________________________________________________________

Image: A commercial building. Photo: Courtesy of International Quarter London.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2022 GlobalData. All rights reserved.