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21st May 2015
Lend Lease and London & Continental Railways (LCR), joint venture partners in The International Quarter today announced that the Financial Conduct Authority (FCA) has signed a pre-let to occupy the third stage of the £2.1 billion development in Stratford.
The FCA has committed to 425,000 sq ft within a new 515,000 sq ft building, which follows the recent announcement that Transport for London (TfL) has signed a pre-let for the entirety of a new 265,000 sq ft adjacent building.
Together, an estimated 6,500 TfL and FCA staff will occupy The International Quarter’s new generation of offices. With detailed planning consent already secured for both buildings, construction will start this summer, ready for occupation in 2017 and 2018 respectively.
Announcing the commercial leasing agreements, Lend Lease's Chief Executive Officer, International Operations, Dan Labbad, said: “Securing the FCA as The International Quarter's next major commercial tenant adds to what is quickly becoming London's newest and most progressive business district. With our partners LCR, we are committed to pushing the boundaries in healthy, agile workplace design and delivering both employment opportunities and a lasting legacy to East London’s economy.”
David Joy, Chief Executive at LCR, said: “We are pleased to have reached this pivotal milestone for one of the largest and most significant mixed-use developments in the UK. The International Quarter will be a major new employment hub in East London, creating more than 25,000 jobs in total, and we have been working closely with Lend Lease to make this happen.”
“Securing the FCA as the second commercial tenant is a testament to the exceptional commercial environment we are delivering as part of the scheme and can only serve as a catalyst to attract further major employers to the area.”
At the heart of thriving Stratford and forming a gateway to the Queen Elizabeth Olympic Park, The International Quarter has outstanding transport connections, shopping, leisure and sports facilities combined with open spaces and parklands.
Discussing today’s announcement, FCA Acting Chief Operating Officer, David Godfrey, said: “The International Quarter offers a compelling mix of an excellent building and facilities, value for money, sustainability and the right infrastructure to meet our future needs. We look forward to bringing all our London staff together in this exciting new development.”
At the heart of thriving Stratford and forming a gateway to the Queen Elizabeth Olympic Park, The International Quarter has outstanding transport connections, shopping, leisure and sports facilities combined with open spaces and parklands. Lend Lease and LCR are in discussions with a number of other major tenants about moving to The International Quarter – which, at a total of four million square feet, is one of the largest new commercial developments in Europe. Once completed, more than 25,000 people will work at the development each day.
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