Urban regeneration

Olympia London: from a Victorian icon to a new venue for culture, offices and a hotel

The project’s masterplan includes a new theatre, a conference centre, a concert hall, an office tower, two hotels and numerous restaurants and indoor and outdoor meeting places. An investment of 1.3 billion pounds

L’interno di Olympia Londra Protographer: Josh Bratt

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

In London this summer, the new Olympia opened after eight years of construction – a £1.3 billion urban regeneration project that has created a new mixed-use destination for the capital. The project blends the old with the new: surrounded by new, futuristic structures, the magnificent Victorian buildings – which opened in 1886 and have hosted countless events and trade fairs for over a century, as well as legendary concerts by Pink Floyd and Jimi Hendrix and Vivienne Westwood’s first fashion show – remain at the heart of the complex.

Foto: Raquel Diniz

After a long period of decline, the grand halls protected by the Fine Arts Department have been restored and reopened, becoming the centrepiece of a completely reimagined neighbourhood, which aims to create a new hub for the arts, culture, music and leisure.

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“Olympia is one of the most ambitious regeneration projects in the world,” explains Michael Volkert, CEO of Olympia. “This marks the start of a new chapter, establishing it as the new flagship of London’s cultural scene.”


Olympia was developed by Yoo Capital and Deutsche Finance International. The project’s masterplan, which includes a new theatre, a conference centre, a concert hall, an office tower, two hotels and numerous indoor and outdoor restaurants and meeting places, was entrusted to two architectural firms, Heatherwick and SPPARC.

Development

The most spectacular structure is the work of Thomas Heatherwick, director of the studio that bears his name, who is regarded as Britain’s most creative and original architect. The Victorian buildings are crowned by five arches, each with a span of 22 metres, supporting a transparent roof composed of 520 pleated glass panels that echo the façade of the historic Grand Hall.

“Olympia has long held a special place in the hearts of Londoners, and our work has been aimed at making it accessible to everyone,” says Heatherwick. “We have reimagined it to reintegrate it into everyday life in London, creating a new public thoroughfare suspended in the air, which rests above the existing historic buildings.”

All the logistical facilities required to set up, run and dismantle trade fairs have been moved underground, which has made it possible to create a new, wide pedestrian street, onto which the underground and train stations open. At either end of the street are two hotels: on one side, the CitizenM; on the other, the five-star Hyatt Regency, ingeniously built by converting what was once a car park.

From this street, two sets of steps and two long escalators lead to Heatherwick’s ‘glass cathedral’, which features restaurants, bars and terraces offering spectacular views of London. Even if the weather is bad, a blue sky is guaranteed, thanks to The Canvas, a digital screen 83 metres long and eight metres wide installed on the ceiling, which projects immersive digital artworks.

Juno (Giunone), the largest Italian restaurant in the UK with seating for 265, is set to open on the street front shortly. The office tower is also nearing completion, offering 50,000 square metres of open-plan space with large terraces. Its tenants already include Premier League Studios, the new international division of the English Premier League, and it aims to become a hub of creativity for the tech and media sectors.

This summer saw the opening of the British Airways ARC, a 3,800-seat concert hall dedicated to live music. The British airline is a founding partner of Olympia, a multi-million, multi-year deal “that works very well for both parties”, says Volkert.

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Timelines and objectives

The entire complex, covering almost six hectares and situated a stone’s throw from Kensington and Holland Park, will be completed next year with the opening of the British Airways Theatre, which will be the largest new theatre to open in London in fifty years.

“The theatre will be the icing on the cake of this long process of radical transformation at Olympia,” explains Volkert. “We have created a destination that operates seven days a week, 365 days a year. From Monday to Friday, everything revolves around trade fairs and offices, whilst evenings and weekends are for concerts, entertainment and restaurants.”

According to a study by the independent consultancy firm Volterra, Olympia will attract 10 million visitors a year and contribute over 600 million pounds to the British economy.
“Our ambition has been to preserve the extraordinary heritage that is Olympia, whilst reinventing it for new generations,” explains John Hitchcox, chairman and founder of YOO Group. “Olympia represents a vote of confidence in London’s creativity and global appeal.”



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