There has been an upturn in development activity on the peripheries of the Olympics sites this week - further evidence that the gold in them east London hills is sparkling again.
Tesco has this week lodged its plans for a mixed-use development in the centre of Bromley-by-Bow, just behind the LDA's Three Mills Studios and close to the Pudding Mill Lane end of east London's 2012 Olympics Park.
The ColladoCollins-designed scheme will replace the existing Tesco superstore by the A12 with a new district centre including a hotel, Idea Store community library, 403 houses and 18 shops and cafes anchored by an 80,000 sq ft Tesco superstore.
The Tesco press release says the proposals have been specifically designed to see the store completed in time for the 2012 Olympic Games, with construction work starting in December 2010.
It's unlikely that the supermarket giant will meet the resistance it normally does to these plans, as the industrial site at Bromley-by-Bow that it is eyeing is not overwhelmed by a nimby population.
Separately, Telford Homes was yesterday particularly buoyant about its prospects on the back of the Olympic regeneration in east London.
The company reported that first-half revenues surged 141% to £85.9m and profits recovered from a pre-tax loss of £1.1m in the same period last year.
Andrew Wiseman, chief executive, said the results were helped by the increasing buoyancy of East London's property market on the back of Olympic regeneration developments.
"An ongoing shortage of new homes, related demand for rental properties and regeneration led by the 2012 Olympics all support the board's long-term confidence in East London."
To prove the point Telford said it sold 48 homes at its St Mary's Gate development in Woodford and Nayland Court in Romford in the first six months of the year.
It's no wonder that the London Development Agency, the London Thames Gateway Development Corporation and the Olympic Park Legacy Company have all made strong plays for control of key border sites in Royal Docks, Hackney and Stratford in recent times.
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