A £1bn project to turn Olympia London into a world-leading cultural hub has been approved by planners. Work will begin from next year, with the first tenants moving in by 2023.
Permission has been granted to transform the 132-year-old exhibition centre into an arts, entertainment, events and creative business quarter.
YOO Capital and Deutsche Finance International – which own the historic exhibition centre – submitted plans to Hammersmith & Fulham Council last summer to turn the 14- acre site into a destination with hotels and restaurants, plus performance venues and 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.
Key features of the project include:
- A 1,500-seat theatre
- A 1,000-seat performing arts venue
- Two hotels
- A 18,580 sqm logistics centre
"We are proud to announce this plan and press ‘Go’ on a £1bn project that will transform Olympia London into a global force in arts, entertainment, exhibitions and events," said chairman of YOO Capital, John Hitchcox.
"We will achieve all of this with minimal disruption to the hundreds of inspirational events that will continue to take place at Olympia London during the transformation."
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