In depth


Inter IKEA Group’s development arm LandProp has submitted a planning application for its 26 acre Strand East development on the edge of the Olympic Park in Stratford. The 1.9m sq ft scheme will include 1,200 homes, roughly half of which will be affordable housing, 480,000 sq ft of offices, a 350-bedroom Marriott hotel, plus shops, cafés and restaurants. Work on the Sugar House Lane site


south of the Queen Elizabeth Olympic Park is predicted to begin in 2013. The group already has planning


consent for the first phase of Strand East and work has begun on a 130 ft wooden lattice sculpture which will form the focus of a public square fronted by a restaurant and exhibition centre (pictured). Inter IKEA, the investment arm of the


Interogo Foundation, a vehicle controlled by the Kamprad family, which owns the right to the IKEA retail franchise, aims to invest at least £500m in UK property. Meanwhile in Cannes this week the


Olympic Park Legacy Company unveiled the first video showing a flythrough of the future of the 500-acre Olympic Park (see page 3). OPLC chief executive Andrew Altman


said: “Plans for the Queen Elizabeth Olympic Park are on track and investors are able to see the range of opportunities which are as diverse as building five new residential neighbourhoods to creating a new business district.”


OLYM HO


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