Proposals for the £750m revamp of London exhibition venue Olympia have been approved by Hammersmith and Fulham Council.
Plans for the 130-year-old centre, owned by Deutsche Finance and Yoo Capital, were put to the committee on 30 January.
YOO Capital and Deutsche Finance International submitted plans to the council last summer to turn the 14-acre site into both a business and entertainment destination.
The building work will begin from next year, with the first tenants moving in by 2023. YOO Capital and Deutsche Finance International are in advanced talks with potential tenants and will announce the first commercial partners in the spring.
Cushman & Wakefield and CBRE have been appointed as the leasing advisers on the project.
Chairman of YOO Capital John Hitchcox said: “Not only is this great news for London, it’s also an example of a British project with European investment creating jobs and opportunities in spite of the current economic and political climate.”
The redevelopment, in W14, is subject to “no contrary direction from the mayor for London”, according to council documents.
Gerald Eve advised on planning.
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