Opening date for first phase of Coppermaker Square Build-to-Rent development at Stratford announced
Residential project adjacent to Westfield Stratford City to be managed by Greystar and open to first residents in January 2023
As East London celebrates the London 2012 10-year anniversary, joint venture partners PSP Investments, QuadReal Property Group and Unibail-Rodamco-Westfield (URW) are excited to announce the six-month countdown to the opening of Coppermaker Square, their 1,225 apartment Build-to-Rent development adjacent to Queen Elizabeth Olympic Park and Westfield Stratford City.
Keith Whitmore, Head of Development, Design & Construction UK and Director of Construction Management Europe, URW, said: “The opening of the first phase of Coppermaker Square will be the culmination of more than a decade of investment into Stratford by URW. During that time, we have seen the area transform into one of London’s most vibrant and exciting districts while investing more than £2bn and helping to generate thousands of retail and construction jobs.
“Coppermaker Square will be the most exciting new address in the neighbourhood and we, alongside our dedicated partners, PSP Investments and QuadReal, look forward to welcoming the first residents.”
Greystar, the international property development and management company, has been appointed as the site’s operator and will provide an end-to-end management service on site. The company is recognised internationally for delivering high levels of service and best-in-class resident satisfaction.
Michela Hancock, Managing Director, Greystar, said: “Greystar is thrilled to be selected as the operator for Coppermaker Square and looks forward to working closely with PSP Investments, QuadReal and URW to deliver a best-in-class Build-to-Rent community with exceptional customer service and amenities. As Greystar focuses on growing our third-party operating platform across Europe, this is an exceptional opportunity to collaborate with the partnership on this major residential development. We look forward to working together to deliver one of the most exciting residential developments in London.”
Through its management, Greystar will deliver a high-quality level of service for residents, from safe parcel delivery facilities and 24/7 concierge, to a unique calendar of exclusive resident events. Bookable services via the resident app will include a private dining room, personal trainer sessions, dog walking and cleaning, whilst sustainably minded residents will be able to log on to swap and recycle items between them.
Jay Kwan, Managing Director, Head of Europe, QuadReal, said: “This is an exciting moment for QuadReal, as we approach the first delivery of homes to residents at Coppermaker Square. We are proud to stand alongside our partners PSP Investments and URW, and welcome Greystar’s management expertise.”
Stéphane Jalbert, Managing Director, Head of Asia-Pacific and Europe, Real Estate Investments, PSP Investments, said: “Coppermaker Square reflects PSP Investments’ long-term strategy to invest in professionally managed residential developments alongside best-in-class partners. We are excited to move toward the next stage of this innovative project. It promises to be one of the largest and most exciting developments in one of central London’s most vibrant communities—providing premium, high-quality, sustainable homes with a heightened focus on lifestyle and community connectivity.”
About Coppermaker Square - coppermakersquare.com
The total Coppermaker Square project comprises nine residential buildings, ranging from eight to 38 levels, arranged around a landscaped public square with additional green spaces for residents. The apartments will be a mix of studio, one-, two-, three- and four-bedroom units, many of which will benefit from views over the adjacent Olympic Park and wider London. In addition, there will be a dedicated amenities hub plus a commercial space. Connectivity and integration into the wider community has been essential, with Cherry Park Lane, a landscaped thoroughfare, linking the site to the ‘Street’ at Westfield Stratford City and the Olympic Park.
For amenities, the development will offer a best-in-class living experience with a suite of services and on-site amenities including a gym, exercise and wellbeing studios, a 25m pool with spa facilities, a co-working space, a residents’ lounge, a private roof garden and a cinema room.
Commitment to community and sustainability
The PSP Investments, QuadReal and URW partnership is committed to the role it plays in the economic, environmental and social vitality of the communities in which it operates, and Coppermaker Square has been built in a way to minimise environmental impact. Ninety per cent of waste arising from demolition works will be re-used or recycled, while 3,000 pre-fabricated bathroom and shower room pods have been built offsite before being installed, to reduce waste generated on-site. In addition, the development’s heating and cooling system is being provided from a low-carbon EQUANS District Heating Network, and electric car charging points have been installed in the building’s car park.
As part of URW’s broader commitment to the legacy of Stratford, the company has made a £10 million sponsorship donation to the East Bank’s key community project, to create the Westfield East Bank Creative Futures Fund. In partnership with the Foundation for Future London, this flagship project will provide new jobs, learning, training and educational programmes through the means of arts, culture, innovation, public realm and creative placemaking.
The East Bank, which sits next to Coppermaker Square and is set to become a powerhouse for culture, innovation, creativity and learning, also opens its first set of doors this year. UCL is due to open this Autumn, followed by Sadler’s Wells, London College of Fashion, V&A and BBC Music studios next year. This is expected to bring a further 1.5 million visitors to the local area and create a further 2,500 jobs.
About the name, Coppermaker Square
Coppermaker Square is named after the 1847 Eastern Counties Railway’s Stratford Locomotive Works, which was situated nearby. The site had several copper making workshops that were integral to construction of the locomotives, and the production of the network of copper tubes used to power locomotive engines. Coppermaker Square will be emblematic of the dynamic area Stratford has become, whilst celebrating its rich history.
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Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at €54.5 Bn as at December 31, 2021, of which 86% is in retail, 6% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 85 shopping centres, including 53 Flagships in the most dynamic cities in Europe and the United States. Present on two continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events and offers an exceptional and constantly renewed experience for customers. With the support of its 2,800 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities. Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor’s and from a Baa2 rating from Moody’s.
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $67.1 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. Its global portfolio includes 60,000 residential suites designed and managed for the most discerning of residents.
QuadReal: Excellence lives here.
About PSP Investment
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with C$230.5 billion of net assets under management as of March 31, 2022. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates over $221 billion of real estate in 224 markets globally including offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages over 768,000 units/beds, and has a robust institutional investment management platform with more than $58.2 billion of assets under management, including over $24 billion of development assets. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.