NEW HOMES, JOBS AND AMENITIES ARE PLANNED – AS LLDC AND BALLYMORE ESTABLISH A NEW JOINT VENTURE TO TRANSFORM QUEEN ELIZABETH OLYMPIC PARK

• LLDC and Ballymore set up joint venture for new residential developments
• c1,200 new homes to be built on two sites
• Download image here

The London Legacy Development Company (LLDC) has formed a 50/50 joint venture partnership with Ballymore – the regeneration company behind Embassy Gardens at Nine Elms and London City Island at Canning Town.

Together, the pair will deliver the transformation of two waterfront sites, one adjacent to the emerging East Bank community on the site of Queen Elizabeth Olympic Park.

The partners will create almost 1,200 much-needed new homes – 575 at Bridgewater Triangle (50% affordable) and 600 at Stratford Waterfront (35% affordable) – and ground floor retail spaces. The homes will comprise a range of tenures and typologies, including townhouses and lateral and duplex apartments.

Stratford Waterfront is a 0.96ha (2.4 acres) brownfield site located in the south of the Park. It is adjacent to East Bank, one of the most exciting culture and education districts in the world. When completed East Bank will provide new spaces for BBC Music, Sadler’s Wells, V&A and UAL’s London College of Fashion. The site is bounded by Waterworks River and Carpenters Road.

Bridgewater Triangle is also a brownfield site which extends to 2.4ha (c.5.9 acres) and is bounded by Waterworks River, The Greenway and Pudding Mill Allotments.

The two sites will deliver high-quality residential developments set in the incredible natural environment of Queen Elizabeth Olympic Park. Residents will be surrounded by global sporting and cultural attractions, revitalised waterways, parkland and new emerging neighbourhoods, with superb transport links to central London and the capital's airports. Two newly established business districts at Here East and International Quarter London are attracting thousands of jobs to the area.

Rosanna Lawes, LLDC Executive Director of Development, said: “We are hugely excited to enter this partnership with Ballymore and to build on what has already been achieved over the last 10 years.

“Ballymore bring great expertise and proven regeneration credentials to help create thriving new communities with well designed, sustainable homes to meet all needs.”

Ballymore will now bring its own cultural expertise to the area; the developer has a track record in pioneering regeneration programmes across the capital, each of them anchored by cultural institutions and independent businesses.

Group Managing Director John Mulryan hopes this approach can be replicated within the new development and adds: “LLDC has been instrumental in creating and attracting some of the biggest cultural and educational names to East Bank. 

We are delighted to be partnering with LLDC, supporting the regeneration and delivery of homes in this special and inspiring destination that puts community and culture at its heart.

“Ballymore has been strategically focused on large-scale strategic partnerships with public bodies and this joint venture aligns with that goal.”

The JV hopes to complete the residential development at Stratford Waterfront and Bridgewater Triangle by 2028.

For further information please contact

LLDC - Mark Robinson    07505 381499    markrobinson@londonlegacy.co.uk

Ballymore - Melanie Bright    07718 476765   melanieb@ballymoregroup.com

Notes to editors

About Ballymore: 40 years of forward thinking

Ballymore is a leading property developer with a multi award-winning portfolio of some of Europe’s largest and most transformative urban development projects. 

Its projects are defined by their vision, originality and commitment to quality and it is driven to set new, lasting standards in design, creativity and architecture.

Every place Ballymore creates has a unique personality inspired by its location, history, people and culture, nurtured through strong relationships with its expert partners and those it develops with local communities.  

Ballymore enlivens areas well before the first foundations are laid and remains long after the last brick is in place to ensure its customers are well looked after and the communities continue to thrive.  

Ballymore’s landmark developments in the UK span the breadth of Greater London, from its new riverside communities in Royal Wharf, London City Island and Embassy Gardens, where we have transformed underused land into lively new neighbourhoods, over to Brentford where we are reconnecting the High Street with the waterfront and revitalising the town centre.   

In Ireland, Ballymore develops homes across a number of counties and has established Dublin Landings as a new commercial centre at North Wall Quay. It is also working in partnership with Diageo and CIE to design and deliver mixed-use developments at the Guinness brewery and Connolly Station in Dublin.  

About the London Legacy Development Corporation

2022 is a special year for Queen Elizabeth Olympic Park marking 10 years since the world’s spotlight shone on London for the 2012 Olympic and Paralympic Games. In that time the Park has delivered on its legacy promises creating a must-visit destination for east London attracting six million visits a year, world class sport and entertainment events, thousands of new homes and two new business districts. That progress continues with more homes and jobs to be delivered and projects like East Bank, the most ambitious cultural and education district the country has seen for a generation, set to open soon. It’s a legacy to proud of and one that will continue and inspire generations to come. #London 2012 #PasstheBaton