Nine in race to build 2,500 new Olympic homes

Grant Prior 12 years ago
Share

The race is hotting-up to takeover the management of more than 1,400 private homes after the Games at the Olympic Village and the possible development of up to 2,500 new homes on the Stratford site post 2012.

The Olympic Village, which lies adjacent to the Olympic Park, will deliver the legacy of 2,818 new homes for east London after the Games.

Triathlon Homes has purchased 1,379 of the new homes to become legacy affordable housing.

The Olympic Delivery Authority owns the remaining 1,439 homes which will become private housing after the Games,together with six future development plots in the Village site with the potential for a further 2,000–2,500 new homes.

In October the ODA invited expressions of interest from the private sector to acquire the ODA’s interests in the Village, covering both the new homes being built and the future development plots.

Following competitive submissions from across the UK, mainland Europe, North America and Asia, the shortlist of private sector organisations and consortia that will now be invited to submit detailed proposals for the Village are:

Delancey & Qatari Diar

Dorrington & Pinnacle Capital

Galliard Homes

Grainger plc & Moorfield Group

Hutchison Whampoa Limited

Le Frak Organization, Aviva plc & J.P. Morgan

London & Stamford Property plc, David Wilson & Sir Robert McAlpine

Wellcome Trust

The William Pears Group & Urban Splash

ODA Chief Executive David Higgins said: “The quality of this shortlist is a vote of confidence in the quality of the Olympic Village.

“Securing a shortlist with many of the leading property investors and managers both in the UK and around the world takes us an important step towards ensuring the Village becomes one of the strongest legacies from the Games.

“Securing best value will be key alongside looking for the best legacy owner for the Village. Shortlisted bidders will need to demonstrate the experience and expertise needed to realise the long-term potential of the Village, establishing a complete neighbourhood with the best of city living all in one place, offering choices for all.”

The shortlisted parties will now be sent detailed tender information in January 2011, allowing them to submit formal offers and proposals on the Village in Spring 2011.

Once full proposals have been received, a decision on whether to proceed to the final bid stage with a selected party is expected to be made in Summer 2011.

Any proposal would have to be approved by Government and demonstrate value for money returns against the public investment made in the Village.

Latest project news

BAM wins £49m Harrogate Convention Centre revamp

Local council hopes to sanction work start this autumn
1 day ago

Balfour Beatty chalks up £90m Fife College job

Main construction to start later this month major new campus
2 weeks ago

More than 100 projects share £2.1bn levelling up funding

Eden Project North and Cardiff Crossrail plan awarded £50m each in round 2 funding awards
2 weeks ago

Wates wins £142m Barking estate phase 3b rebuild

Work to start this summer on 334-home scheme
2 weeks ago

Laing O’Rourke on track for £300m Oxford campus job

Ellison Institute for Transformative Medicine lodges plan for major cancer research campus
2 weeks ago

Caddick gets green light for Liverpool logistics hub

Three new units will boost warehouse capacity on Merseyside
2 weeks ago

Vistry go-ahead for East London 100 flats scheme

Vistry Partnerships JV with Peabody and TfL to build Barking Tube station project
3 weeks ago

Renaker to build Select’s £130m Manchester BtR tower

Work to start next month on 477 high-end build to rent flats at One Port Street site
3 weeks ago

Unite buys site for 36-floor London student tower

Work to start early summer on 716-bed £185m Stratford student scheme
3 weeks ago

McLaughlin & Harvey wins £29m food research hub job

Invergowrie hub will explore Barley crop resilience for Whisky industry
3 weeks ago

Plans in for £300m Westbank Leeds mixed-use scheme

JV developers Stamford and Shelborn plan four office blocks and a 19-storey hotel
3 weeks ago

Revised plans in for Sheffield 960 co-living flats scheme

Rising costs see planned city centre co-living tower block down-sized from 36 to 26 storeys
4 weeks ago

Iconic London store OK’d for £120m retrofit

BAM, ISG, McAlpine and Willmott Dixon in chase for Barkers of Kensington fitout
4 weeks ago

Galliford Try lands £95m prison contract

Contract awarded to expand HMP Rye Hill
4 weeks ago

Griffiths Farrans JV wins final part of A52 upgrade

National Highways confirms latest win on Nottingham road
4 weeks ago

Plan for Teesworks hotel and shopping complex

160-bed hotel, shops and restaurants will serve Redcar regeneration site construction workers
4 weeks ago

Masterplan in for £100m HMP Glasgow prison

Kier is working up designs under a preconstruction services contract
1 month ago

Henry wins final £74m phase of East London scheme

Work starts on third phase of The Guinness Partnership’s Leaside Lock East London Development 
1 month ago

Mace seals its biggest London office refit for a decade

Work starts on £120m green retrofit of iconic former Goldman Sachs European HQ
1 month ago

239 school rebuild and upgrade projects unveiled – list

Government allocates fourth funding tranche of school rebuilding programme
1 month ago

£57m zero-carbon West Sussex secondary school approved

Willmott Dixon and Kier are believed to be in chase for Bedelands Academy scheme near Burgess Hill
1 month ago

Green light for London House of Fraser redevelopment

Work starts on conversion of landmark Richmond building
1 month ago

VolkerFitzpatrick wins £200m M3 Junction 9 upgrade

Site work will start on major Hampshire junction rebuild in early 2025
2 months ago

Esh wins UK’s first net zero tri-blue light services hub

£10m Hebburn Tri Station job will start in the New Year
2 months ago

Willmott Dixon bags £50m brace of leisure and blue light jobs

Bradford firefighter HQ and Medway leisure centre jobs bring year-end work boost
2 months ago

Milestone signs ECI deal on £45m Devon road scheme

Contractor will work for nine months to design and cut carbon from the project ahead of its delivery.
2 months ago

Dozen firms win £1.3bn highways pavement framework

Four SME surfacing contractors take £100m of work from big name players
2 months ago

Glencar lands starring role on £25m Ealing Studios revamp

Builder's newly-formed London division will rebuild the iconic West London film studios
2 months ago

Robertson wins first MIM-funded Welsh school job

£65m Flintshire school campus project first to use Welsh mutual investment model
2 months ago

Domis set for £195m Boddingtons Brewery scheme

Developer Salboy buys Manchester site to kickstart long-awaited 556 homes project
2 months ago

Contractor services