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Lend Lease continues London Olympic area redevelopment

Global property group Lend Lease (ASX: LLC) will continue to cash in on its London Olympic area redevelopment project. The company announced this week that 300 new homes, built in collaboration with joint venture partner London Continental Railways, are now on sale for a 2016 move-in.

The “Glasshouse Gardens” project are the latest development that are part of Lend Lease’s larger “International Quarter” project. The £1.3 billion ($2.4 billion) development includes both commercial and residential areas, and is meant to capitalise on the existing infrastructure put in place for the 2012 London Olympics.

“Residents will be able to enjoy spectacular views of the London skyline and will benefit from the extensive transport network put in place for the London 2012 Olympic Games,” said Lend Lease Project Director Kristy Lansdown in a statement. “Stratford is now well on its way to becoming one of the most well connected and desirable places to live in London and we look forward to delivering these great homes in this exciting and vibrant part of the capital.”

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Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo.

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