The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Stratford Gets Ring of Confidence

03 February 2016 | Updated 01 January 1970

Deutsche Bank’s asset management arm has confirmed it is going ahead with investment of more than £370 million in The International Quarter Confidence in the East London development area.

The announcement was made by Lendlease and LCR with the forward sale of a further 515,000sqft of commercial space to Deutsche Bank’s asset management arm at The International Quarter, the £2.3 billion development at Stratford which at a total of 4 million soft is one of the largest new commercial developments in London.

The Financial Conduct Authority (FCA) building will be in a prominent position at the gateway to Queen Elizabeth Olympic Park and is anticipated to house around 3,800 FCA employees from 2018. The building will comprise 19 floors of Grade-A office space and ground floor retail, designed with the intention of obtaining a BREEAM Excellent certificate.

Acquired on behalf of one of its German funds, the asset management business of Deutsche Bank will make staged payments of more than £370 million over the course of the development period. Lendlease and LCR will continue to manage the delivery of the building through the Stratford City Business District Ltd joint venture.

“Today’s announcement with Deutsche Bank is further recognition of the remarkable opportunity created by The International Quarter,” declared Dan Labbad, CEO, International Operations at Lendlease. “We have now announced investment totalling more than £615 million in less than a month following the forward sale of 265,000sqft of commercial space pre-let to TfL. This is great news for Stratford and further backing for our plans to build a world class, healthy and flexible workplace in London’s fourth major business district which will also bring 25,000 new jobs to the area by 2025.”

Picture: Stratford in East London has had a further boost with the announcement that Deutsche Bank will invest £370 million in the International Quarter development

Article written by Robin Snow | Published 03 February 2016


Related Tags

Related Articles

Deutsche Bank Research Suggests Home Workers Should Pay More Tax

Strategists at Deutsche Bank say that those that choose to work from home should face additional taxes, in order to support lower-paid workers.  They are...

 Read Full Article
Going? Deutsche

Deutsche Bank is likely to be downsizing in the City of London if not leaving the UK finance capital altogether. The bank has their largest investment banking operations...

 Read Full Article
Woolwich Refugees Staying Put & Other Property News

We've got a property digest brimming with stories - including the sad news that Arsenal will not be returning to Woolwich as had been hoped for many...

 Read Full Article
One in the Eye for Moorfields Development

Land Securities has been quick to issue a statement regarding its 21 Moorfields, London EC2 development with press speculation suggesting Deutsche Bank has made a huge...

 Read Full Article