News
“This is a betrayal for the city – it’s the
second time that Glasgow has had its rail
link project axed by the SNP. Glasgow is
one of the few cities of its size that does not
have a dedicated rail link to its airport.”
£1bn Olympia upgrade approved by planners
The £1bn plans to turn Olympia
London into a multi-purpose cultural
hub have been approved by planners.
YOO Capital and Deutsche Finance
International – which own the historic
exhibition centre – submitted plans
to Hammersmith & Fulham Council
in 2018 to turn the 14-acre site into a
destination with hotels, restaurants,
performance venues and office space.
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
at an unspecified date in 2020, with the
first tenants moving in by 2023.
YOO Capital and Deutsche Finance
International are in advanced talks
with stakeholders in entertainment and
hospitality about taking space on the
site, and say they plan to announce the
first commercial partners in the spring.
Glasgow Labour leader
Frank McAveety, after
Glasgow council cancelled
plans for a link between the
city centre and airport.
The project will create more than
3,000 new construction jobs over
the five-year build, 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
• 63,000sqm of creative office space,
including new co-working space
• Upgrades to the existing spaces
• A 18,50sqm logistics centre
Chairman of YOO Capital John
Hitchcox said in a statement: “Not only
is this great news for London – it’s also
an example of a British project with
European investment creating jobs and
opportunities.”
£1.7m
pledged by Central Hall Westminster to
charity after recording highest ever turnover
£3.4bn
predicted value of deals
which took place at 2018
World Travel Market in
November
3,000
capacity of new
venue Exhibition,
which is set to open
at Westfield London
in 2019
value of Informa’s Life Sciences Media
Brands Portfolio, sold to MJH Associates
£76.6m
£31.5m
ITE Group’s revenue
in the last quarter of
2018, according to
trading update
15,000sqft
The size of planned expansion to newly
rebranded DRPG’s Worcestershire HQ
March — 09