Three private sector organisations have been shortlisted to submit best and final offers for the purchase and long-term management of the Olympic Village.

They are:

• Delancey & Qatari Diar
• Hutchison Whampoa Limited
• Wellcome Trust

The Olympic Village will deliver 2,818 new homes after the London 2012 Games, including 1,379 new homes already purchased by Triathlon Homes, which will become affordable housing.

The Village will also include new education and healthcare facilities, parklands, public squares and open space in one of the best connected parts of the capital.

-- Advertisement --

The Olympic Delivery Authority (ODA) owns the remaining 1,439 homes which will become private housing, along with six future development plots in the Village with the potential for a further 2,000 new homes. The ODA invited expressions of interest from the private sector to buy the ODA's interests in the Village and is looking to secure best-value together with a long-term commitment from an investor.

ODA Chief Executive Dennis Hone said: "The quality of the three shortlisted parties is a vote of confidence in the Olympic Village, demonstrating both UK and international interest in first-class British property.

"The Village will deliver the best of city living all in one place with high-quality new homes joined by education and healthcare facilities, new parklands, public squares and open space. Securing best value and the best legacy owner for the Village will be key."

(CD/GK)