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Unibail-Rodamco-Westfield invests in London East Bank project

#Group News

On July 2nd, 2019, our CEO Christophe Cuvillier was in Stratford to mark the start of construction on East Bank – London’s new powerhouse of culture, education, innovation and growth. Westfield Stratford City, Unibail-Rodamco-Westfield’s flagship shopping destination in London, will become Founding Partner and Official Sponsor of this landmark project. This follows investment in the Stratford area ahead of the 2012 Olympic Games, partnering with the Olympic Delivery Authority to deliver important site wide infrastructure and opening Westfield Stratford City.

Work began at the new UCL East and Stratford Waterfront sites at Queen Elizabeth Olympic Park. The transformative scheme – spread across three sites – will be at the heart of a growing east London cluster of commerce, technology, manufacture, retail, education, culture and the creative industries. It will provide skills and jobs for local people, attracting visitors from around the world, bringing more than 10,000 students to the site, delivering 2,500 jobs and a £1.5 billion boost to the economy. An integral part of the project is creating opportunities for young Londoners, and to date more than 125,000 people have attended and participated in a range of arts and cultural events, summer schools and workshops for East Bank.

On this occasion, Christophe Cuvillier announced a £10m funding package from Westfield Stratford City. This new funding will help to deliver careers coaching, mentoring, learning opportunities, internships and apprenticeships as well as support for entrepreneurs and new business start-ups in the arts, culture and placemaking industries.

“Westfield Stratford City is very proud to become the Founding Partner and Official Sponsor of the East Bank’s new project which will provide new jobs, learning, training and educational programmes for local people. As a business, Unibail-Rodamco-Westfield operates in the most dynamic cities across 12 countries, in Europe and the US. The East Bank project is without doubt the most ambitious programme of its kind in all of the regions we are present. This investment will offer local people access to new careers and training opportunities across new cultural and placemaking industries.”

Christophe Cuvillier, Group CEO, Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield’s involvement in East Bank is closely aligned with our commitment to creating extraordinary and sustainable destinations that help shape and improve the cities in which we are present. In London, like in all our regions, we intend to make positive contributions to the social, environmental and economic well-being of our communities – to Reinvent Being Together.