£700m London Olympia revamp plan unveiled

Details have been unveiled of the £700m planned overhaul of the Olympia London exhibition centre.Joint owners Deutsche Finance and Yoo Capital aim to create a new cultural hub, complete with restaurants, offices, hotels, an auditorium and open plan spaces.Plans drawn up by world-renowned design studio Heatherwick Studio and SPPARC architects will see the iconic 130-year-old listed arched glazed exhibition centre refurbished and modernised.These proposals also include a 1,500-seat theatre and performing arts space.There will also be 600,000 sq ft of new creative offices and studios as well as new restaurants, two hotels and cinemas joining the site.As a London landmark, there will be increased green spaces throughout the 14-acre site.After public consultation a planning application will be submitted in SeptemberMace is also on board the project team offering pre-planning construction advice.The major build project will be phased and is expected to take around four or five years to complete.