Digital cluster approved for Olympic Park
iCity has been given the green-light to turn the Olympic Park's press and broadcast centres into a cluster for the creative and digital sectors.
The plans for the site, to be called Here East, were approved by the London Legacy Development Corporation on Tuesday.
iCity said it will see global firms work alongside east London's most innovative start-ups. The building will cover over one million square feet and offer advanced infrastructure including unlimited bandwidth connectivity.
Gavin Poole, CEO of iCITY, said: "As well as creating thousands of jobs and training opportunities, Here East will provide state of the art infrastructure and capacity for the fastest growing sectors of the UK economy to continue their impressive expansion. Redevelopment of the buildings will begin in the summer.
"I am also particularly excited that we will be partnering with Hackney House at South by Southwest, showcasing our plans and providing a platform for some of Hackney's newest companies and budding entrepreneurs."
A preferred contractor will be selected for the project next month with work due to begin this summer.
The first tenants - Loughborough University, Hackney Community College and Infinity SDC - will move in from 2015, with the whole site fully operational by 2018.
BT Sport already broadcasts directly from the centre.
iCity said Here East will create 7,500 jobs.