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Olympic Village Sold for £557 Million

15th August 2011

As the UK prepares for London 2012, a post-Games vision is already in place. Property developer Delancey with Qatar's sovereign wealth fund has purchased the Olympic Village for £557 million with plans to build a London ‘neighbourhood’ once the greatest sporting event of the decade is over.

The neighbourhood will comprise a mix of affordable housing, luxury new homes, schools, healthcare facilities and open space, according to Delancey.

Olympic bosses say the £557m sale delivers a "significant return to the public purse" from the development, which cost around £1bn.

A further £268m has already been recouped from the sale of 1,379 affordable housing units on the site to Triathlon Homes.

Speakers Corner has access to a vast array of Olympic speakers for corporate events, including Steve Redgrave, Tanni Grey-Thompson, Matthew Pinsent and star diver Tom Daley.

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