Search
 

LCR Hunts for Partners for $7B-Plus Olympic Village

LONDON-The freeholder of London's Olympic Stadium site launches a hunt for additional partners to develop the 13-million-sf site.

By Anita Howarth | Updated on June 28, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

LONDON-London & Continental Railways has launched a hunt for partners to help with the build out of London’s 2012 Olympic Village. The company has placed a tender notice in the official journal of the European Union inviting companies to bid for contracts worth euro 5.8 billion ($7.3 billion) to build the village, homes, hotels, shops and offices on the 1.3-million-sm Stratford City development in east London.

Westfield, which owns 100% of Stratford City Developments Ltd., will build the first phase of Stratford City known as Zone One, a predominately retail-led development. But the Australian developer and LCR officials said they are looking for similar companies to form partnerships for other phases of the project, which will be dominated by housing and commercial development, if SCDL does not take part in building them.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.