Construction has started on the new HQ of the Financial Conduct Authority (FCA), which is moving from its current premises at Canary Wharf to The International Quarter, the £2.3billion development in Stratford.

Developers Lendlease and LCR held a ground-breaking ceremony on September 15 for the new 425,000 sq ft headquarters, which sits at the gateway to Queen Elizabeth Olympic Park.

Features in the building include an open atria, extensive natural dayligh and a large roof terrace. This new generation of offices will be home to 3,500 FCA staff from mid-2018.

FCA chairman John Griffith-Jones said: “I’m delighted that construction has started on a new building that will provide a compelling mix of excellent facilities, value for money, sustainability and the right infrastructure to meet our future needs.”

Mayor of Newham Sir Robin Wales said: “Our excellent employment service Workplace will work closely with the FCA to ensure residents are able to make the most of the job opportunities created.

“The FCA is one of a growing number of businesses choosing to make Newham their base. We look forward to working together to make the potential they have seen in the borough a reality.”

A visualisation of the completed building

Ian Crockford, project director, The International Quarter at Lendlease, said: “This is another key step in our goal to create the most agile, healthy and efficient business community in the capital. Thousands of the FCA’s staff will soon benefit from an office space which will deliver the most advanced thinking in workplace design and set new standards for health and well-being”.

Chief executive at LCR David Joy said: “Today demonstrates that we are making real progress on The International Quarter, one of the largest and most significant mixed-use developments in the UK.

“Construction is now in full swing on new headquarters for two major commercial tenants and the remaining office space is continuing to fill up fast. Over time, The International Quarter will create more than 25,000 jobs, becoming a major new employment hub in east London.”

An estimated 1,200 construction jobs will be created on site at The International Quarter by spring 2016 and Lendlease has partnered with Newham Council, Newham Workplace and Building Crafts College to deliver a 10-week training programme to upskill unemployed Newham residents in construction – ensuring as many roles are awarded to local people as possible.