Lendlease to start £215m Turing Building in East London

Grant Prior 3 years ago
Share

Lendlease and Canada Pension Plan Investment Board (CPP Investments) have formed a new 50/50 joint venture to develop  a new £1.5bn office-led neighbourhood at International Quarter London (IQL).

The partnership has initially committed to developing the £215m Turing Building where construction will start early this year.

The Turing Building is one of four major new office blocks planned for IQL across a total development area of 1.6m square feet.

IQL is located at the gateway of the Queen Elizabeth Olympic Park and is already home to institutions including Transport for London, Cancer Research UK, the British Council and Unicef.

Bek Seeley, Lendlease Managing Director, Development, Europe, said: “Following a challenging year, with Covid-19 bringing uncertainty to economies across the globe, this deal is a real vote of confidence in future workplaces and London’s office market more broadly. T

“he Turing Building will bring market-leading, flexible workspace to Stratford, sitting alongside cultural heavyweights East Bank, UCL and Here East.

“Sustainability and innovation are at the core of everything we do, and we will be working closely with CPP Investments, and other partners, to develop spaces at IQL where businesses can collaborate, create and grow, surrounded by 560 acres of parkland and waterways.”

Tom Jackson, Managing Director, Head of U.K. Real Estate, CPP Investments said: “Stratford is one of the city’s fastest growing sub-markets, with fantastic transport links, over 500 acres of green space, Olympic quality sports facilities and growing culture, leisure and higher education facilities.

“IQL’s supply of Grade A office space with strong sustainability credentials, will help service current and growing tenant demand for this sub-market. Our partnership with Lendlease forms part of our strategy to align with best-in-class delivery partners and our wider commitment to deliver steady, long-term returns for CPP contributors and beneficiaries.”

Latest project news

Plans in for nearly 900 homes at Manchester Mayfield

First homes at £1.4bn regeneration site will be built over four blocks
3 weeks ago

Pellikaan wins £25m Wiltshire leisure centre job

Work to start next month on Trowbridge swimming pool and gym
3 weeks ago

Lendlease OK’d to start Birmingham’s £1.9bn Smithfield scheme

First phase of 400 build to rent homes at Manor Square approved
3 weeks ago

Fresh plan for £170m Newcastle resi tower and hotel

Gainford Group scales down New Bridge Street scheme to 29 storeys
3 weeks ago

Mace confirmed for £140m Gatwick Airport Pier 6 extension

Contractor PJ Hegarty has started enabling works in middle of busy airport
3 weeks ago

Graham takes on ISG £45m Coventry cultural hub job

Firm will start conversion work in the Spring on former IKEA store
3 weeks ago

JRL Malaysian backers plan £150m London city office refurb

Ardmore set to deliver landmark 25 Finsbury Circus building overhaul
3 weeks ago

500-home block to replace 19 storey Sutton office tower

Landmark project to deliver 312 Build to rent and 195 co-living homes
3 weeks ago

Man Utd confirm plan for £2bn ‘super-tent’ stadium

Club to press ahead with 100,000-seat 'Wembley of the North'
3 weeks ago

Morgan Sindall wins £61m Liverpool lab scheme

Construction to start this Autumn on latest Knowledge Quarter project
3 weeks ago

Glencar to build timber-framed office block

Work to start next month on 79,200 sq ft scheme in Maidenhead
4 weeks ago

Birmingham council submits £1bn Druids Heath plan

High rise estate to be replaced by-3,500 home eco village
4 weeks ago

McLaren go-ahead for 314 flats Watford scheme

Police station and magistrates court to be demolished
4 weeks ago

Mace to transform Imperial College Great Hall

Work to start next month on ambitious refit
4 weeks ago

£100m plan to regenerate former Digbeth ironworks

Hartwell unveils 260,000 sq ft office and 240 homs plan
4 weeks ago

Legendre UK wins £21m London homes job for Clarion

Tower Hamlets building to be replaced due to building and fire safety issues
4 weeks ago

£230m Southampton waterfront scheme approved

Town Quay includes trio of 25 storey towers around new marina
4 weeks ago

Planning green light for £10bn Northumberland data centre

Blackstone-backed project will create 1,200 construction jobs
1 month ago

Green light for 1,000-home Wolverhampton city centre regen

Phase one of ECF Smithgate scheme to start this year
1 month ago

Regal submits plan to revive stalled London resi tower

Swiss Cottage project redesigned with second staircase and 237 flats
1 month ago

Muse signs up to £3.2bn Solihull health campus district

Ambitious Arden Cross scheme next to HS2 Interchange advances
1 month ago

Watkin Jones wins over £50m student digs campus upgrade

Work to start next month on phase 714-bed south London campus
1 month ago

Costain start date for £67m Romford flyover replacement

Work to start this summer on Gallows Corner bridge rebuild
1 month ago

Work starts on tyres to jet fuel recycling plant

£100m Sunderland plant will produce around 30,000t of liquid fuel
1 month ago

Funding deal for £237m Tide Construction student tower

48-storey project will be first major student scheme on Canary Wharf
1 month ago

McLaren wins £29m south east London industrial job

Crayford urban logistics hub starts construction
1 month ago

Green light for £100m A47 road junction upgrade

Long-awaited A47/A11 Thickthorn junction will support over 40,000 homes
1 month ago

Sisk starts remediation work for 1,600-home Birkenhead scheme

Wirral council has secured £52m for Hind Street Urban Village infrastructure
1 month ago

Plans unveiled for 50-storey plus Liverpool tower

Planning submission later this year for £1bn King Edward project
1 month ago

Galliford Try wins £45m high security prison fire safety retrofit

HMP Wakefield provides upgrade challenges in secure environments
1 month ago

Contractor services