The developers behind the £1.3 billion regeneration of Olympia have signed up flexible workplace provider IWG to provide 73,000 sq ft of office and other space in one of their first letting deals.
The project, led by by property company Yoo Capital and investors Deutsche Finance International, aims to turn Olympia, best known as an exhibition and events centre into one of London’s leading cultural hubs when from 2025.
IWG’s space will span the entire 5th floor level of One Olympia. It will provide a range of workspaces from recording studios to podcast rooms, as well as offices.
One Olympia will deliver over 550,000 sq ft of office space in total within a building co-designed by Heatherwick Studio and SPPARC. It will have more than 50,000 sq ft of external terrace space and amenities including West London’s largest and platinum accredited cycle and wellness hub, a ‘live lounge’ F&B venue, gymas well as business events, conference and production space.
John Hitchcox, Chairman, YOO Group: “From the outset, our vision for Olympia has always been to create a cultural ecosystem in West London that sparks creativity and promotes interconnectivity. As society redefines how and where we want to work, live and play; a greater sense of flexibility and autonomy is crucial.
2This new signing with IWG not only endorses the strength of our vision for Olympia, but demonstrates our testament to delivering inspiring workspaces that support and appeal to a like-minded and collaborative community.”
Mark Dixon, CEO and founder of IWG, said: “We are very pleased to work in partnership with Olympia and add a cutting-edge workspace offering to their building in this landmark location. The demand for hybrid working continues to soar, and West London is a fantastic place for us to boost our expansion plans. This latest signing comes at a time when more and more companies are discovering that flexible working boosts employee happiness and satisfaction, while helping the environment. Our workplace model is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”
