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  Legacy - Predictions and Knowledge Printer Print
Worldwide > United Kingdom > Research > Legacy - Predictions and Knowledge
 
Knowledge & Research
Predictions
 
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Sustainable development and regeneration – has London done enough?

READ OUR "GOLD, SILVER OR BRONZE" REPORT TO FIND OUT >>

​We set ourselves a challenge...
Three years ago we published “Winning Gold for Green”, a report which looked at the impact that the Olympic Games were having on sustainability, regeneration and property. In an Olympic year, our challenge has been to revisit the contentions and assess whether we believe London has succeeded in moving the needle for sustainable sporting-led regeneration schemes.

The Jones Lang LaSalle catalysts for sustainable neighbourhood development...
In this new paper we present a more comprehensive framework, the 'Jones Lang LaSalle catalysts for sustainable neighbourhood development'. These are explained and global best practice is showcased.		 ​ Download our report​

Gold, Silver or Bronze?
The report then applies this framework to the London Olympic Games, assessing the extent to which the sustainable development goals have been achieved on this landmark project, exploring some of the key achievements and discussing learning outcomes.

Do we think London has done enough? Read our report to find out more >

We hope you find this report interesting and useful. Please feel free to contact us to discuss any of the findings:

​Sophie Walker
Director - Upstream Sustainability Services
sophie.walker@eu.jll.com		 ​Katie Kopec
Head of Development Consultancy
katie.kopec@eu.jll.com		 ​Dr Lee Elliott
Director - Research
lee.elliott@eu.jll.com

The greatest show on earth is upon us.

It is just seven years since we all celebrated our successful Olympic bid but would we have had the same reaction knowing the winner was going to have to produce a games - itself a huge undertaking - through the teeth of the worst ever global recession? Research by Jones Lang LaSalle suggests impacts on the property market do occur but are closely affected by the size and maturity of the host city.

Economic Impact

Four years ago we would not have hesitated in saying that the impact on London would be minimal as the city's size and maturity would enable it to absorb such an event. However, we would today predict that the overall impact will be greater and the relative impact more pronounced:

  • Although London has lagged the rest of the UK GDP during 2011 - in spite of its huge construction activity - London is forecast to grow above the UK average

  • It is hard to quantify the price of a feel good factor that will help lift both spirits and the UK out of the current doldrums

  • Having a large scale infrastructure project has benefits and we are also very good at it. All recent Olympics have finished nail bitingly close to the torch arriving. Here in London all main venues were completed and tested well ahead of time. This expertise - much British - is now being exported around the globe and onto Rio. 
 ​
 A digital map of the Olympic Park venues shows the context of an exciting East London regeneration picture, much of which we are advising on. Click here >
"Green" Olympics

And what of our pledge in the bid book of a One Planet Olympics which concentrated on 5 key themes: Climate Change; Waste; Biodiversity; Inclusion and Healthy Living?

Our 2009 report Winning Gold for Green outlined the significant targets for construction and our latest 2012 update Gold, Silver or Bronze - Has London done enough? gives London high praise in achieving what will be the greenest Olympics ever.

Driving down costs and converting previously unreachable standards into the commercial mainstream has so far been the single biggest benefit to the commercial real estate industry.
 

The Legacy

The London Legacy Development Corporation's plan is more advanced than any other host city as the Games begin, having secured occupiers/operators for the Press and Broadcast Centres, the Aquatics Centre, the Multi Use Arena and the Orbit. The stadium is also close to securing an occupier and the first residential phase will shortly select a development partner.

The Olympic Park will have changed the perception of this part of London, establishing it as an attractive family housing location with great leisure amenities. Finally, a fundamental measure of our Olympic legacy is how well it fills the gap and provides the "stickiness" that keeps those working locally, also living locally. A sustainable community will be truly created when young families have the opportunity and the will to put down roots.

Only then will we say it was worth it!

 
 
Related Research

​ Gold, Silver or Bronze?
Sustainable development and regeneration – has London done enough?
(2012)
Winning Gold for Green
The influence of international sporting events on sustainability, regeneration and property
(2009)
  Accelerating Towards A New Beijing
How Beijing was transformed building up to the 2008 Olympics
(2008)
The Greatest Olympic Legacy
The long-term impact of investment in infrastructure on Beijing’s development
(2008)
Global Winners
The rejuvenating effects of bidding for and hosting international sporting events
(2006)
An Achievable Goal
Stadiums, Arenas and Urban Regeneration
(2002)
Reaching Beyond the Gold
The Impact of the Olympic Games on Real Estate Markets
(2001)

 
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