Category: 2012 Olympics (15)

Queen Elizabeth Olympic Park will be a new area of east London for communities to grow and develop. There will be five new neighbourhoods built on the Park and up to 8,000 new homes; Chobham Manor will be the first neighbourhood to be developed, located between the Lee Valley VeloPark and the Athletes’ Village in the north-east of the Park. It will be centred around 800 new homes and 3,000 sq m of community and ancillary facilities, including a polyclinic, two nurseries and a community centre.

The four other neighbourhoods are: East Wick which will be in the north-west of the Park, next to Hackney Wick; Sweetwater near the Old Ford area, in the south-west of the Park; Marshgate Wharf will be between Stratford City and the Stadium, to the south-east of the Stadium; and Pudding Mill will be the area in and around Pudding Mill Lane station.

Click image to launch 360 tour

Click image to launch 360 tour

The good people at Tropolis have put together an excellent guide to east London during the Olympics. Written by someone in the know and well worth a browse, click the image below to go directly to their site…

Click to go to Tropolis

Click to go to Tropolis

The Evening Standard reports that the majority of the capital’s population now lives east of Blackfriars Bridge. This remarkable demographic shift to just beyond the Square Mile’s ancient walls is largely due to new transport links — the Jubilee line and the East London line extensions among them — that have combined with riverbank regeneration to revitalise City fringe districts, now bursting with dot.commerce businesses and new cultural and leisure attractions.

Truman Brewery Brick Lane

Truman Brewery Brick Lane

The New York Times reports today on the effect the Olympic Park will have on London:

The London Games, although lacking in geopolitical oomph, do have a big-ticket project: The Olympic Park in Stratford, a massive, multibillion exercise in urban renewal that will, at least for 17 days in July and August, shift London’s traditionally west-leaning axis to the east as tourists and Londoners alike disembark from tube and train among other transport options…

Read more – click the image

The Today programme on BBC Radio 4 reports that tenants in east London are being evicted from their homes as landlords attempt to cash in on the Olympics.

The National Landlords Association has condemned the practice, saying it is more beneficial to landlords to have a good, long-term tenant in their property.

In an effort to showcase their CGI skills and their rich imaginations the architects Dowling Jones & Stone released plans for a floating motorway on the Thames supposed to prevent total traffic gridlock in London during the Olympics.

Tongues firmly in cheek they reported that it would be for exclusive use by Olympic “fat cats.” Plans include an extravagant interchange at Tower Bridge.

Thanks to Gordon Ryan at appliedsense.ie for pointing it out to us.

Click the photo for more great photos:

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Click for more images

The Independent have published a realistic guide to letting during the Olympics. Here are the stand out points:

1. If you are currently letting it to tenants, don’t terminate your existing rental agreement for two weeks of higher rent – good quality long-term tenants are worth their weight in gold

2. Centrally located properties, waking distance from public transport will do well – remember too that guests will be expecting hotel standard accommodation

3. As a rule of thumb, look at 2-3 times the standard rental value of the house: a typical three bedroom property in Shoreditch which is convenient for the Olympic Park would let for £600-£800 per week so during the Olympics this would go up to around £2,000, maybe even £3,000.

Read more here

Channel 4 ran an interesting story yesterday investigating the potential legacy of the Olympic Games on local businesses, it looks like international corporations stand to gain much more than local businesses.

Europe’s largest urban shopping centre and gateway to London’s new Olympic Park opens its doors to the public today.

Westfield Stratford City shopping centre in east London will be home to more than 300 shops, 70 restaurants, a 14-screen cinema, three hotels, a bowling alley and the UK’s largest casino.

Key retailers such as Marks & Spencer and John Lewis have taken outlets of more than 200,000 sq ft and, to date, 95% of the centre’s 1.9 million sq ft has been let.

Mayor of London Boris Johnson, who will help cut the ribbon at today’s launch, said: “Westfield’s Stratford City project is setting the pace for the transformation of east London. It is one of the most important legacies of the 2012 Olympics.

“It will create 18,000 jobs and, as a result of Westfield’s investment, have some of the most modern additions to London’s public transport infrastructure.”

Westfield Stratford City with the Olympic Stadium

Westfield Stratford City with the Olympic Stadium