An overview of the Athletes Village and opportunities beyond the Games

28 June 2010

Ralph Luck OBEProperty DirectorOlympic Delivery Authority

Mark DickinsonAthletes Village Project Director Lend Lease

Contents

• The Athletes Village in context

• Progress to date

• Future Stratford opportunities

• Further afield

Stratford City Pre-Olympic Masterplan

Area (sq.m)

• Retail 150,500

• Commercial 465,000

• Residential 460,000

• Hotel 121,000

• Leisure 36,500

• Community Facilities 5,486

• Health Care 3,302

• Parking 157,950

TOTAL 1,399,738

Stratford City Development

Current Masterplan

MASTERPLAN

The Athletes Village – An Overview

The Vision

• A lasting legacy for East London

• To maximise the economic, social, health,

environmental & sporting benefits that the 2012

Games will bring to London and the UK

• A blueprint for wider regeneration of East London

Scale

• 27 hectares

Project Duration

• 6 years

Client

• Olympic Delivery Authority

Lend Lease Role

• Development & Project Manager

• Construction Manager

• Sales & Marketing Manager

Athletes Village - Procurement Structure

SVDPODA

Development Management Agreement

(“DMA”) and Revised DMA

Lend Lease Development Limited

Tier 1

Contractor

Trade

Contractor

Tier 1 Contractor

Tier 1

Contractor

Trade

Contractor

Lend Lease Europe

Limited (parent co)

Consultant

Consultant

Consultant

Third Party Rights from

Tier 1 Contractors Third Party Rights from

Trade Contractors

Third Party Rights from

Consultants

Third Party

Rights from

Lend Lease

Development

Limited to ODA

Trade

Contractor

3 Phase Development

PHASE

1PHASE

2

Preparation to meet the special requirements of the

London 2012 Olympic Games

Providing 62 blocks of residential units in order to house

17,000 athletes and officials close to the main Olympic

venues

Creation of a world leading sustainable residential

community through a retro fit development programme for

legacy use

Delivery of 2,818 homes, including 1,379 affordable

mixed tenure in order to provide a balanced community

with multiple tenures and a diversity of occupants

PHASE

3Development of adjacent sites as part of the wider

Stratford masterplan

Infrastructure and Community Projects

Chobham Academy (N12)

• 1,832 places for pupils aged 3 – 18 years old• Scheduled to open September 2013• Specialising in the performing arts, with an inherent

focus on sports• State of the art facilities for pupils and wider community• Day care centre

Multi Storey Car Park (N25)

• 850 car parking spaces for Stratford International

Polyclinic and Community Facilities (N11)

• 5,600 sq m facility• GPs, physiotherapy, imaging, dentistry and child care

Open Space and Parkland

• Provision of over 10 hectares of open space, public parks, communal gardens and play areas

Progress - June 2010

• Construction work started on site in April 2008

• Number of operatives on site has reached 3,200 and is

expected to reach 4,500 by Autumn 2010 at construction

peak

• 5 of the 11 residential plots have reached full construction

height

• External cladding on these plots is well underway with the

first residential plot fully clad in April 2010

• Currently the site operates 24 tower cranes

• Production will be substantially complete by December 2011

An early aerial shot of the AV site – January 2008

An aerial shot of the AV site – April 2010

The finished product (CGI)

Further Development after the Games Phase 3 Development

(post Games)

• Red hatched land

– owned by ODA

– planning consent for

213,422 sq m of

residential, hotel and

complimentary retail

development

• Blue hatched land

– owned by LCR and to

be developed by

LCR/LL under JV

– planning consent for

128,904 sq m of office,

hotel and

complimentary retail

• Development timetable

– 2013 to 2018

Stratford City Stage 2

• Adjoins the Athletes Village

• The LCR and Lend Lease land

has provision 4.48 million sq ft of

development with outline planning

consent including 3.8 million sq ft

commercial office space, 275,000

sq ft hotel space, 350 new homes

and associated community facilities

• Linked into the wider London

transport network via two major

transport hubs – Stratford Regional

Station and Stratford International

• Adjacent Westfield Stratford City

providing high quality retail, hotel,

leisure and catering offers

• Close proximity to Olympic Park

and associated recreation facilities

• Key infrastructure and facilities in

place prior to forecast occupation

dates from late 2014 / early 2015 Olympic Stadium

Aquatic Centre

Velodrome

Chobham School

& Academy

Olympic

Parklands

Stage 2 Plots

Greenwich Peninsula

• Joint venture development with Lend Lease and Quintain working together with the Homes and Communities Agency

• 190 acre site, 48 acres of green space with 1.6 miles of river frontage

• An urban environment for:

• 24,000 workers

• 25,000 residents in 10,000 homes

• 3.5millinon sq ft of employment space including 150+ shops, bars and restaurants

• Development taking place in stages over the next 15-20 years

• £5 billion end value