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£100m overhaul for Olympic Press and Broadcast Centres

The former Olympic Press and Broadcast Centres at the Queen Elizabeth Olympic Park are to benefit from a £100 million revamp after the properties have been taken on by developer iCITY on a 200-year lease from the London Legacy Development Corporation.

Set to become the new home of Loughborough University and a range of businesses, the site aims to become a world-leading hub for the creative and digital industries in the UK.

It will see full and part-time postgraduate and executive courses for UK and overseas students offered, as well as the creation of new facilities for the teaching of business and management, media and communications, digital technologies and sport.

Gavin Poole, chief executive officer at iCITY, commented: "It will provide much needed infrastructure, commercial space and capacity for the digital and creative industries, the UK's fastest growing sectors of the economy, as well as much needed studio space in London.

"These buildings present an incredible opportunity to the creative and media sector enjoying unrivalled connectivity and power."

Mayor of London Boris Johnson stated that with this latest announcement, the future of all eight Olympic properties has now been secured.

He added that the new centres will deliver thousands of employment opportunities for those seeking to work in the digital and creative sectors over the coming years.

Elsewhere in the capital, a £90 million investment in the redevelopment of Bromley town centre has been given the go ahead by local planners and the Greater London Authority.

McLaren Construction has secured the development contract for the project from Cathedral Group, with funding being provided by the Homes and Communities Agency's Get Britain Building fund.

The renovation works will feature the delivery of up to 200 new town centre apartments, as well as 25,000 sq ft of new restaurant and cafe space, a nine-screen multiplex cinema and a 130-bedroom hotel. 

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