Deutsche Finance International and YOO Capital ‘s £1bn project to turn Olympia London into a world-leading cultural hub has been approved by Hammersmith & Fulham Council.
Deutsche Finance International and YOO Capital plan to turn the historic exhibition centre 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.
The project is expected tocreate 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.