Olympic Facility Bids for Future as London Business Centre

International-Broadcast-Centre commercial property in East London

The £300 million Olympic press and broadcast centre in Stratford is to become a London business centre.

Forty-five companies have put in bids to have their companies in the Olympic press and broadcast London business centre, located north-west of the Olympic park.

Companies have been formally invited to bid to move into the 2012 Olympic press and broadcast centre once the games have finished, with organisers hoping the move will provide jobs and help regeneration in the area.

The large grey building is located in the north-west of the Olympic Park in Stratford, East London, one of the worst effected areas of London’s rioting this summer.

Local people and national legislators hope the £300 million venue will become the centre of a new creative high-tech London business centre. However, some critics have expressed concern that the million square foot Olympic site may prove too large to be fully utilised once the games have ceased.

Businesses were invited to register expressions of interest in the London business centre in September last year and forty five companies did so. The bid came from a whole rang of professions including creative, media, retail, construction and more.

The broadcast centre has 95,000 square feet of office space over five floors and 575,000 square feet of commercial space over two floors, the five-storey press centre provides about 317,000 square feet of prime office space with the potential for retail uses on the ground floor.

Mayor of Hackney Jules Pip said in a statement: “It has been our vision for some time to see the site used for the expansion of the creative and digital industries which are already thriving in Hackney, and we are pleased that there has already been significant interest from these sectors.”