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
Key points
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.
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.
“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.
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