London & Continental Railways (LCR) and the Olympic Delivery Authority (ODA) revealed a shortlist of three bidders for the development
The Stratford City development in east London took a significant step forward today, when London & Continental Railways (LCR) and the Olympic Delivery Authority (ODA) revealed a shortlist of three bidders for the development of the residential and Olympic elements of the £4bn scheme.
The shortlisted candidates are Bouygues with Barratt Homes; Lend Lease, leading a consortium including East Thames Group, First Base and Crosby Homes, and;
Royal Bank of Scotland, leading a consortium including Bellway Homes, Gladedale and Kier.
It is thought that a fourth consortium, comprising Persimmon with Amec and Castlemore, failed to make the shortlist.
The winning consortium, which is due to be picked this autumn, will develop the Athletes’ Village for the 2012 Games and the bulk of the scheme's legacy housing, commercial and hotel development. The retail part of the site will be developed by Westfield.
‘Cutting down from the long list was tough,’ said LCR managing director Stephen Jordan. ‘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 London 2012 Olympic Games phases.’
Construction is due to start next year with completion of the Athletes’ Village scheduled ‘in good time’ for the 2012 Games.