LEND Lease has signed an agreement with London Continental Railways to develop Stratford City site in east London following the Olympic Games.
Lend Lease has signed a Conditional Framework Agreement with LCR for the next stage of the Stratford City regeneration project.
The agreement provides for the establishment of a 50/50 joint venture company between LCR and Lend Lease. The joint venture company will appoint Lend Lease as the development manager of the Stage 2 site.
Construction of the development is expected to start post the London Olympic and Paralympic Games in 2013.
Australian Property Journal
