Lend Lease secures second occupier for Stratford International Quarter

The Financial Conduct Authority (FCA) has agreed to occupy a 515,000 sq ft building at Lend Lease’s International Quarter development in Stratford, enabling construction of the scheme’s second office building to commence.

Transport for London (TFL) agreed to occupy the first office building, agreeing to pre-let an entire 265,000 sq ft building.

Lend Lease and London & Continental Railways (LCR) are joint venture developers of the four millions sq ft quarter.

The FCA will occupy 425,000 sq ft of its 515,000 sq ft building.

David Joy, chief executive at LCR, described the deal as a “pivotal milestone for one of the largest and most significant mixed-use developments in the UK.”

An estimated 6,500 TFL and FCA staff members will move to the East London hub and Lend Lease and LCR are in discussions with a number of other prospective tenants.

David Godfrey, acting chief operating officer at the FCA, said: “The International Quarter offers a compelling mix of an excellent building and facilities, value for money, sustainability and the right infrastructure to meet our future needs. We look forward to bringing all our London staff together in this exciting new development.”

Detailed planning consent has been secured for both the TFL and FCA buildings with construction expected to begin this summer with completion in 2017 and 2018 respectively.

The four million sq ft International Quarter, in the heart of Stratford, is one of the largest new commercial developments in Europe and will form a gateway to the Olympic Park.