Planning permission approved for Olympia
The London Borough of Hammersmith & Fulham has just granted planning consent for the redevelopment proposals for Olympia Exhibition and Conference Centre.
The proposals to upgrade Olympia will improve the flexibility of the space which will be capable of hosting a number of events simultaneously, whilst enhancing one of London’s and the UK’s best known venues.
The plans include transforming the West Hall, within its existing footprint, into a two-storey 90,000 square feet exhibition facility by adding a floor and creating links to the Grand Hall and Olympia 2 behind the restored façade. Olympia 2 will be reconfigured to provide more efficient servicing arrangements and improved connectivity with the rest of the facility.
Gary Yardley, Investment Director of EC&O Properties, commented:
“We are committed to ensuring that Olympia maintains its position as a world class venue. The approval for our redevelopment plans will provide us with the opportunity to intensify operations at Olympia once the works are completed. This project is part of our overall strategy to unlock latent value through the delivery of our plans to regenerate our Earls Court & Olympia estate.”
In addition, Nigel Nathan, Group Managing Director of EC&O Venues said:
“Our development plans aim to respect the fabric of the historic building whilst also making the internal space easier to access and more flexible for organisers to use. Before we submitted our proposals we consulted widely with the community and have been pleased with the response to our plans. We believe the investment will bring in business, new jobs, and continued prosperity for Hammersmith and Fulham, benefiting the whole of West London.”
With planning permission in place, EC&O Properties is looking to commence construction work on the site in early 2011, which is scheduled to continue during 2012. The work will be phased to allow the exhibition and conference business already operating at Olympia to continue throughout building work. The cost of these works were included within the previously announced £20 million of capital allocated to Olympia and will be funded from existing cash resources.