CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Green Light For £1 billion Olympia London Plans

Lauren Joselyn • 31/01/2019
A £1 billion project to turn Olympia London into a world-leading cultural hub has been approved by planners.

YOO Capital and Deutsche Finance International – which own the historic exhibition centre – submitted plans to Hammersmith & Fulham Council last summer to turn the 14-acre site into a destination with leading hotels and restaurants, plus performance venues and state-of-the-art office space.

Award-winning practices Heatherwick Studio and SPPARC are leading on the design and implementation of the project, which will also see 2.5 acres of new public space created. 

The transformation will begin from next year, with the first tenants moving in by 2023. YOO Capital and Deutsche Finance International are in advanced talks with some of the biggest names in entertainment and hospitality about taking space on the enhanced site and will announce the first commercial partners in the spring.

The project will create more than 3,000 new construction jobs over the next five years in addition to approximately 5,400 new jobs for the borough when it is completed. It will also bring in an extra £9m per year in consumer spending to Hammersmith & Fulham.

Key features of the project include:

• A 1,500-seat theatre
• A 1,000-seat performing arts venue
• Two hotels
• A four-screen cinema
• 670,000 sq ft of creative office space, including new co-working space
• Upgrades to the existing spaces to turn Olympia London into one of the world’s top exhibition and event centres
• A 200,000 sq ft logistics centre

Chairman of YOO Capital John Hitchcox said: “Not only is this great news for London – it’s also an example of a British project with European investment creating jobs and opportunities in spite of the current economic and political climate. 

“We are proud to announce this plan and press ‘Go’ on a £1bn project that will transform Olympia London into a global force in arts, entertainment, exhibitions and events.

“We will achieve all of this with minimal disruption to the hundreds of inspirational events that will continue to take place at Olympia London during the transformatio
n.”

Gavin Neilan, Co-Founding Partner of DFI, commented: “We are delighted to announce that planning consent has been granted for our £1bn transformation of Olympia London and look forward to working with our partners to support the exhibition business and unlock the tremendous potential within the iconic estate.”

Already home to more than 200 events and welcoming 1.6 million visitors every year, Olympia London has championed the arts for generations – from being one of London’s first cinemas to hosting Vivienne Westwood’s first fashion show.

Cushman & Wakefield and CBRE have been appointed as the leasing advisors on the project.

 

MEDIA CONTACT

Lauren Joselyn Cushman & Wakefield
Lauren Joselyn

Associate Director, EMEA Communications • London

RELATED STORIES

CW Birmingham Office UK
Cushman & Wakefield – Birmingham Office • Commercial Real Estate
Exemplar service line collaboration to deliver a new workplace for our Midlands team.
Learn More
Brindley place
Hines • Retail
Developing a forward-looking strategy for one of Birmingham’s prime assets.
Learn More

INSIGHTS

REsidential Forecast
Article • Investment / Capital Markets

Residential Forecast 2024

Explore the Residential Forecast for 2024 by Cushman & Wakefield, offering insights into the UK housing market. Uncover trends in house prices, sales market shifts, and rental market projections.
Millie Harper • 04/07/2024
one week five years
Article • Economy

One Week Five Years

On the 4th of July, the UK goes to the polls to determine its next government, with the overwhelming likelihood that there will be a large Labour majority, with the potential for one of the momentous General Election results seen in a lifetime.
Daryl Perry • 01/07/2024
vat in dilapidations
Article • Valuation

VAT in Dilapidations

VAT in respect of dilapidations is a complex subject with its own set of rules, regulations and case law. Opinions are usually divided, and much will depend on the circumstances.
Alex Charlesworth • 05/06/2024

NEED COMMERCIAL REAL ESTATE ADVICE?

Contact our team for the latest on the real estate markets.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS