MyCity: LONDON

INNER LONDON NON-DOMESTIC FLOORSPACE INDEX (2001 = 100)

130

OFFICE

120

OTHER

110

RETAIL

100

TOTAL

90

80

INDUSTRIAL

70

STRATFORD/OLYMPIC PARK

60

Deindustrialisation and subsequent decline led to Stratford being selected for the primary site of the 2012 Olympics, delivering a massive regeneration project in the area. The legacy of the Olympic Games and investment into the area include IQL, a large office and retail campus, the Westfield Stratford City shopping centre, and East Bank, a new cultural addition to the area which includes offshoots of the BBC, Sadlers Wells, the Victoria & Albert Museum, UAL and UCL. Another beacon in this location is Here East, an innovation hub that uses the legacy media and broadcast buildings and infrastructure from the games. This is now a very successful innovation campus, hosting a wide range of educational and tech occupiers. There is also a significant housing impact – 10,000 new homes have already been built, two of five new neighbourhoods are under construction, targeting 55,000 additional residents by 2031.

50

2001

2005

2010

2015

2020 2022

WHITE CITY

SOURCE: VOA

Aside from the BBC White City site built in the 1990s, much of White City was in considerable disrepair by the late 20th Century. In the years since, the area has undergone considerable regeneration, including the development of London’s largest covered shopping centre at Westfield London on the site of the 1908 Franco-British Exhibition, Stanhope & Mitsui Fudosan’s redevelopment of Television Centre, and the growth of a significant life sciences and technology hub within White City Innovation District. Connecting Hammersmith Hospital with Imperial College London’s White City campus and White City Place, the area is a growing innovation and entrepreneurial ecosystem, leading the growth of life sciences, medtech, biotech and academic research.

INNER LONDON NON-DOMESTIC FLOORSPACE, 2022

OTHER

RETAIL

INDUSTRIAL

OFFICE

SOURCE: VOA

18

19

MYCITY / LONDON |