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 Articles

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
Courthouse Called to Order

The Old Sessions House in Clerkenwell, London, a grand, former courthouse that once had a reputation for dishing out some the harshest sentences in the city, has...

 Read Full Article
A Piece of History Re-opens

The Piece Hall in Halifax, one of the most iconic heritage buildings in Britain, has re-opened its gates following a multi-million-pound transformation. The monumental...

 Read Full Article
Stirling Effort - Now for the Prize

The shortlist for the 2017 RIBA Stirling Prize for the UK’s best new building was announced on Thursday July 20. The six shortlisted buildings will now go...

 Read Full Article
Aero - Feel the Bubbles Melt

Hermes Investment Management has received planning consent for a major refurbishment of the Ascent Buildings in the Farnborough Aerospace Centre. The proposal is an...

 Read Full Article
Windows On The World?

Microsoft’s new German headquarters incorporates enormous panels to resemble gigantic windows opening onto the surrounding landscape, says Andreas Frisch. Opened...

 Read Full Article
London Office Crane Survey - Ups and Downs of Supply

London saw 3.9 million sq ft of new office space complete in the last six months, delivering the largest volume of office space in central London for 13 years. The...

 Read Full Article
Royal for Reading

Royal Elm Park, the £500 million landmark development adjacent to Reading Football Club’s Madejski Stadium, has been approved by Reading Borough Council,...

 Read Full Article
Pounds to the Pumps - Museum Makeover

Abbey Pumping Station Museum in Leicester could be set for a £500,000 revamp as part of improvement works designed to increase visitor numbers and expand the...

 Read Full Article
Swansea Baying for a Government City Deal

Major investment in digital infrastructure is at the heart of the Swansea Bay City Region's 'Internet Coast' bid to the UK Government for a City Deal that...

 Read Full Article