Countdown for Olympic Village winner

Final bids have arrived in this week from the shortlisted bidders for the £500m-plus Olympic Village in east London.

There are a number of theories about which bidder will be successful.

Most people appear to be backing Qatari Diar/Delancey, principally because Qatari Diar has had great success in securing a place on politically sensitive projects in the UK and because Delancey is a well respected UK developer. It’s basically a very strong tie-up.

Wellcome Trust however is also a popular choice – specifically because it is bidding for not just the village but much of the rest of the Olympic Park too. It could prove a neat answer for all involved.

However, Hutchison Whampoa is to those acquainted with the company a real contender. I am told that the group rarely misses out when it bids for projects and that its reach in Asia is powerful. One source suggested it would already have  agreements in place to buy much of the village from wealthy Asian investors/occupiers.

And of course Ralph Luck from the ODA is understood to have spent a deal of time in Asia promoting the opportunity …


About Paul Norman's Olympics blog

News Editor of CoStar News, a commercial property news service. Regular blogger on the London 2012 Olympics and what it means for property and the the regeneration of East London
This entry was posted in Stratford City. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s