Barr puts Olympic basketball arena up for sale

Grant Prior 12 years ago
Share

Barr Construction has put the London 2012 Olympic Basketball Arena up for sale with a £2.5m price tag.

The arena is being dismantled from its site at the Olympic Park in Stratford.

It was the largest single temporary structure ever created in Olympic history and was the third largest of all the venues at the London Games.

At 114m long, 96m wide and 35m high, the Arena occupies a footprint of 11,000 sqm and the main steelwork trusses span almost 100m.

The building shell being made available for sale consists of a 1,000 tonne skeletal steel frame and a 23,000 sqm recyclable white PVC fabric skin.

Work to dismantle the arena has already commenced and the dismantling of the iconic rippled outer envelope will start next month.

Barr retained ownership of the arena under the terms of a unique contract negotiated with the Olympic Delivery Authority.

Barr has now appointed commercial property consultancy BTWShiells and accountants Ernst & Young to handle the sale.

Managing Director of Barr Construction Barclay Chalmers said: “The Olympic Delivery Authority and LOCOG learned the lessons of previous Games and created the most sustainable, cost effective event in recent history.

“The Basketball Arena was one of the showpiece structures of the Games, but it was clear there would be no legacy use for a permanent basketball venue, hence the decision to create this temporary building.

“We see this facility being suitable for a range of different uses. Sport is obvious – it is big enough to house between 15 and 20 tennis courts, for example.

“It could also be reconfigured to become a conference, exhibition and events venue similar to the O2 in London, or even a film and TV studio.

“Despite the temporary nature of its design, we believe it can easily be reconstructed to offer excellent service for many, many years to come.”

Barr said it can provide storage, transportation and reconstruction services to a buyer.

Once expressions of interest have been received, a shortlist of prospective bidders will be invited to submit formal bids by April 30.

BTWShiells investment director Paddy Brennan said: “The Arena has global appeal and it will be very interesting to see where this iconic structure ends up and what it will be used for.

“The interest to date has been incredible and we anticipate its transportability and the fact it can be utilised for a variety of functions being key selling points.”

The 12,000 seats which were housed within the Arena during the Games are also up for sale under a separate deal by temporary seating provider GL events Slick Seating.

Latest news

Driver escapes injury as scaffold collapses onto van

Major three-lift scaffold fall blocks north London high street
3 days ago

Gilbert Ash to be sold to staff

£267m turnover contractor to transition to an Employee Ownership Trust
4 days ago

M Group seals biggest-ever deal with Telent takeover

Digital infrastructure specialist deal lifts turnover to £3bn
3 days ago

Aggregates firm Ashville went down owing more than £3m

Debts revealed in Companies House update
3 days ago

Cardo saves 100 jobs at Breyer roofing arm

Private equity-backed Welsh maintenance group continues to expand
4 days ago

Excavator knocked off lorry going under bridge

Traffic Commissioner inquiry after accident in south London
3 days ago

Czech energy tycoon buys UK’s biggest rebar supplier

Spanish offload Celsa UK operation to be rebranded 7 Steel UK
4 days ago

Caddick Construction targets £400m turnover

Regional shake-up pays off at contracting arm
5 days ago

Redrow chief steps down after Barratt merger

Matthew Pratt leaving after 22 years
5 days ago

United Living names new property services senior team

New CEO and COO appointed to lead growth in housing upkeep and retrofit
4 days ago

Wynne triples turnover in three years to over £90m

Five-year growth strategy pays off
4 days ago

Speedy Hire blames Budget for branch closures

National Insurance rises accelerate closure programme
4 days ago

Builder gets suspended sentence for Covid loan fraud

M&E specialist inflated turnover to claim maximum loan
4 days ago

Scores of M&E firms win places on £400m CHIC framework

Axis Europe and Seddon secured spots on social housing deal
5 days ago

Coroner hears how worker was crushed under digger

Inquest opens into tragedy at Rose Builders site
6 days ago

Billington lowers 2025 forecast amid pricing pressure

Tender prices under pressure due to project delays and cancellations
5 days ago

Willmott Dixon lands Dover town centre revamp

Alliance agreed to regenerate several key council sites
6 days ago

Go-ahead for London City office-to-flats scheme

Hub's 150 Minories job in Aldgate to create 280 co-living homes
6 days ago

Wates mobilises as £200m Middlesbrough scheme approved

Gresham Street scheme includes a hotel, 240 flats and over 400 student rooms
6 days ago

Crashed M&E contractor TNA owed supply chain £7m

Sister company buys assets including company vans
6 days ago

Renaker eyes bumper 2025 despite Gateway 2 concern

Strong construction pipeline to support another record year
6 days ago

Wessex Water picks civils firms for £65m framework

Over 40 smaller firms will support AMP8 civils spending programme
6 days ago

Green light for nearly 400 flats at Leeds scheme

Three blocks up to 18 storeys approved at Armley Road
6 days ago

Subcontractors wanted across South London

Work up for grabs from main contractors and clients: Register now for Constructionline event
6 days ago

Heavy lorry ban on Severn Bridge as cables deteriorate

Crossing "not designed and built for today’s levels or weight of traffic"
6 days ago

Muse submits Oldham town centre regeneration plan

Plan advances for six sites to deliver 2000 homes, an hotel and office space
1 week ago

Construction returns to growth after two tough months

Concern grows Trump turmoil is spooking property investors
1 week ago

Skanska wins £43m Clifton Bridge deal

Contractors says scheme is a "complex project that will be delivered to tight timescales"
1 week ago

Green light for 44-storey Manchester resi tower

Developer Glenbrook to start hunt for main contractor
1 week ago

Ten win £670m Network Rail eastern region small works deal

CK Rail, QTS, Colt and Construction Marine pick up two lots
1 week ago

Contractor services