London 2012 Olympics: Village bidders short-listed
Thursday 7 April 2011 7:43 AM
Qatari Diar and the Wellcome Trust, the UK's largest charity, have been named on the short-list to acquire the 2012 Olympic Village.
The Olympic Delivery Authority is looking to off-load 1,439 homes in Stratford and development sites with room for 2,000 more homes.
It has named Qatari Diar with Jamie Ritblat's Delancey, the Wellcome Trust, and Hong Kong listed-conglomerate Hutchison Whampoa on the short-list for the village.
The Wellcome Trust has approached Olympic organisers about a £1bn bid for the entire Olympic Park and is considered the front-runner for the village by industry sources.
The winning bid will be announced in the summer. Six bidders did not make the short-list, including Aviva with JP Morgan, and London & Stamford with David Wilson and Sir Robert McAlpine.
Dennis Hone, ODA chief executive, said: "The quality of the three short-listed parties is a vote of confidence in the Olympic Village, demonstrating both UK and international interest in first-class British property."
Also See