United States property giant Hines Global Real Estate has joined Yoo Capital and Deutsche Finance International on the £1.3 billion Olympia development in London.
Savills has been appointed to join CBRE and Cushman & Wakefield as leasing adviser across the 550,000-square-foot offices element.
It is understood that Hines has been brought in on behalf of some of the investors in the project to help oversee leasing of the offices and work with Yoo and Deutsche Finance on the wider development.
With a phased opening due to start later this year, Olympia is a mixed-use scheme that comprises entertainment venues, hotels, offices, bars, restaurants and public realm, as well as an international convention space and heritage exhibition halls.
One Olympia, the new office building featuring 550,000 square feet, includes large floorplates as well as flex office space. Occupiers will be close to the new 4,000 capacity music venue and the 1,575 seat theatre, the public realm includes a terrace under a new Heatherwick-designed canopy, and the newly pedestrianised Olympia Way.
There is 312,752 square feet remaining of the offices, after Savills completed a deal for the Premier League to take over 70,000 square foot for its new international production arm, Premier League Studios, while flexible office operator IWG has also taken some of the space on a pre-let basis.
The offices are spread over 14 floors and available floorplates range from 8,500 to 57,000 square feet, with bespoke fit-outs available. There is 65,600 square feet of terrace space. One Olympia will also be home to the new International Convention Centre, with conferencing facilities able to accommodate 24-830 attendees across 23,000 square foot, and a 6,500-square-foot communal lounge housing a restaurant and bar.
David Williams, executive director at Savills, said in a statement: “This internationally acclaimed project will become a cultural landmark for London. It mixes business and pleasure for the modern world, and potential occupiers will benefit from a world-class experience for their employees. The strength of Olympia is clear from the calibre of pre-lets already agreed, and we look forward to welcoming more occupiers to the site.”
Lloyd Lee, co-founder and managing partner at Yoo Capital, said: “We are delighted to be working with the Savills team to bring to market the state-of-the-art workspaces at One Olympia. With IWG and Premier League Studios already announced as new tenants, we look forward to welcoming more world-leading companies to our reimagined destination.”
Frank Roccogrande, co-managing partner at Deutsche Finance International, added: “Olympia’s transformation will deliver an unparalleled new destination, one that is perfectly aligned with the needs of modern companies and their employees. With so much on One Olympia’s doorstep, from cutting-edge performance venues to exciting new bars and restaurants, we have no doubt people working here will love coming to the office.”