Three shortlisted for Olympic development
The shortlisted candidates are:
- Bouygues, leading a consortium including Barratt Homes;
- Lend Lease, leading a consortium including East Thames Group, First Base and Crosby Homes;
- Royal Bank of Scotland, leading a consortium including Bellway Homes, Gladedale and Kier.
The shortlist was drawn up following strong bidding through the OJEU process for delivery of the entire Stratford City scheme outside of Zone 1 (the retail-led development to the south of Stratford International to be developed by the Westfield Group). This includes the Athletes' Village for the 2012 Games and the bulk of the scheme's legacy housing, commercial and hotel development.
Stephen Jordan, LCR managing director, said: "The creation of such a competitive shortlist demonstrates the high quality of the companies that responded. Cutting down from the long list was tough. However, after a thorough evaluation process, we believe that we have shortlisted three very credible candidates all of which bring a wealth of experience and resource to deliver this vital regeneration project and its important 2012 Games phases."
Timetable
The timetable will see:
- Appointment of the successful bidder in autumn 2006;
- construction to start on site in 2007;
- completion of the Athletes' Village in good time for the 2012 Games.
Jones Lang LaSalle is managing the OJEU process for LCR and the ODA. There is also very close working with Stratford City Developments Limited (now wholly-owned by Westfield)
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Susie Hughes
The Editor © Hardhatter 2006