Further details of the Central Towers, which will form part of the £1bn redevelopment of London’s Olympia Exhibition Centre, in West London, have been released by engineering consultancy Pell Frischmann.

The project, which is being spearheaded by Deutsche Finance International (DFI) and Yoo Capital (YC) will revamp the existing exhibition halls, and add 51,000sqm of office, studios and co-working space across its site. The new centre will also house a four-screen arthouse cinema, a 1,000-seat performing arts space, a 1,500-seat theatre, 900sqm of performance and rehearsal space, a new jazz club-style restaurant and venue, shops, cafés, hotels and new public space, including pedestrianised squares and a sky garden.

The revamp of this historic London site is expected to create more than 3,000 new construction jobs over the next five years, as well as approximately 5,400 new jobs across the local area upon completion.

Pell Frischmann’s division director of structural and civil engineering, Mike Hitchens, said: “The site has a rich history and is an important landmark for UK industry and the local community – and the project will create the latest go-to destination in the capital with not just an exhibition centre but a wealth of public realm and creative facilities.”