London & Continental Railways (LCR) and the Olympic Delivery Authority (ODA) today announced that the shortlist of potential development partners had been reduced from three to two

The two remaining consortiums are Bouygues with Barratt and a Lend Lease-led team, which includes East Thames Group and First Base. The third consortium that failed to make the cut comprised the Royal Bank of Scotland, Bellway, Gladedale and Kier. The two consortiums will now go forward to the next stage of detailed negotiation. LCR and ODA will announce the winning bidder within the next two months.

The winner will deliver the non-retail commercial and residential elements of the 180 acre (73 ha) site in east London, including the Athletes’ Village for the London 2012 Games and the bulk of the legacy housing, commercial and hotel space

Australian shopping centre developer Westfield will build the retail part of the scheme, known as Zone 1. It will comprise up to 2m sq ft (185,805 sq m) of shopping.