Work starts on more than 300 homes on Olympic Park as second round of homes on sale

CONSTRUCTION has started on more than 300 new homes located on London’s Queen Elizabeth Olympic Park as the second round of units goes on sale. The homes, known as Glasshouse Gardens, form part of the first phase of The International Quarter in Stratford and will be delivered by Joint Venture partners Lend Lease and London Continental Railways (LCR).

The news follows the announcement by the London Legacy Development Corporation this week that the three Stratford stations (Stratford, Stratford International and Stratford High Street) will be re-zoned from zone 3 to zone 2/3 effective from January 2016. The move will see workers, residents, and visitors to the area benefit from the newly defined travel zone.

The 333 residential apartments will be built by Lend Lease, the integrated property and infrastructure group. Arranged across two tower buildings, they will range from one to three-bedroom apartments, with the new round of homes available from £450,000. The first homes are due for completion in 2016, with Lend Lease investing £500m in the first phase of The International Quarter.

Every home will benefit from its own private outdoor space, giving residents spectacular panoramic views across the Stirling Prize nominated Aquatics Centre, Queen Elizabeth Olympic Park, the City and Canary Wharf. They will also feature open-plan living and kitchen spaces.

Glasshouse Gardens forms part of The International Quarter, a joint venture between Lend Lease and LCR to deliver a £1.3bn commercial and residential development in Stratford for which the Financial Conduct Authority (FCA) has recently confirmed they will be the anchor tenant, with 3,000 staff moving into a purpose built headquarters in 2018.

Ian Crockford, Project Director on The International Quarter at Lend Lease, said: “The start of construction on the Glasshouse Gardens homes marks an exciting step in the creation of this new residential and commercial district which is set to be London’s new feel-good workplace. Glasshouse Gardens will offer residents a unique opportunity to live amongst, and make use of, some of the world’s most elite sporting facilities where the London 2012 Olympic and Paralympic Games were held.

“Stratford is now well on its way to becoming one of the most well connected and desirable places to live in London which has been helped tremendously by the news that Stratford will be re-zoned from zone 3 to zone 2/3. We look forward to delivering our great homes in this exciting and vibrant part of the capital.”

David Joy, LCR’s Chief Executive, said: “The International Quarter and the wider Queen Elizabeth Olympic Park is such a great example of regeneration done right. The office space is filling up, there is great demand for the new homes and of course there are world class leisure facilities on the doorstep. LCR is proud to be part of such an important, growing and thriving part of London.”

Dennis Hone Chief Executive London Legacy Development Corporation said: “As work starts in earnest at The International Quarter the regeneration of Stratford is really moving on a pace. This development is bringing much needed jobs and investment and coupled with the opening of Queen Elizabeth Olympic Park the legacy of the Games is now very much a reality.”

Following the re-zoning, residents and commuters to The International Quarter and Stratford will now be able to benefit from the lower cost of travel, boosting the commercial attractiveness of the area. It is already one of the best-connected places in London with a unique combination of Underground, Overground, mainline and DLR services plus Crossrail in 2019.

The apartments will showcase the latest in sustainable building practices and innovation. Each apartment is being constructed with the aim of maximising natural light and fresh air through the individual outdoor spaces. The buildings will also have green rooves for absorbing rainwater and providing insulation. These features will mean lower costs for residents via reduced heating bills due to improved insulation and reduced water bills through innovative fixtures.

Positioned north and south of Westfield Stratford City, The International Quarter’s enviable location means that the facilities and parklands of Queen Elizabeth Olympic Park, including the London Aquatics Centre and ArcelorMittal Orbit, are on its doorstep.

Glasshouse Gardens will form part of a pipeline of more than 3,500 new homes which Lend Lease is currently delivering in Central London. Lend Lease has already begun work on another major regeneration site in Central London at Elephant & Castle. The £1.5bn regeneration will deliver 3,000 new homes and 160,000 sq ft of retail space as well as commercial and leisure space over the next 10 years.
For further information on Glasshouse Gardens, please contact our sales team on 020 3002 6787 or visit our new website: www.ghgstratford.com