The Greater London Authority needs to learn lessons from the procurement experience of the East Bank cultural quarter at Queen Elizabeth Olympic Park, which is facing cost rises of £157m – a 33% hike on its original budget of £471m, according to a new report.

The flagship development includes a hub for the London College of Fashion and an east London base for the BBC – both designed by Allies & Morrison, and a Sadler’s Wells theatre and a V&A museum, both designed by O’Donnell & Tuomey. Work on the project started on the ground in 2019.

After the cultural facilities are complete, work is due to start on a 600-home Allies & Morrison housing development on the site, a stone’s throw from the Stratford City shopping centre.

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