LLDC shortlists developers for 1,500-home Olympic Park schemes

Out-Law News | 13 Mar 2014 | 3:47 pm |

Developers Lend Lease and Grainger are among six parties shortlisted by the London Legacy Development Corporation (LLDC) to bring forward the East Wick and Sweetwater schemes in east London's Queen Elizabeth Olympic Park.

The shortlisted bidders also include Carillion-igloo and Genesis Housing Association, L&Q, Mace and Argent and Places for People as well as Balfour Beatty.

The two sites have planning permission for development of 1,500 new homes as well as shops and commercial space. The LLDC said that a number of the homes would be made available for private rent.

The schemes had originally been targeted for completion by 2029, however, this has been brought forward by six years to 2023. They are part of the wider Legacy Communities Scheme under which five new neighbourhoods will be created to comprise up to 6,800 homes.

“We are delighted by the quality of the shortlisted developers in what was a highly competitive and rigorous selection process," said LLDC chief executive Dennis Hone in a statement.

“We are now focused on working with the developers on the next stage of the process. We want the new neighbourhoods at East Wick and Sweetwater to exemplify the best of London’s residential architecture with a range of family homes and apartments and we hope it can provide a model for speeding up delivery across London,” Hone said.

The LLDC will now explore the plans by the six developers and shortlist three bidders to submit detailed tenders. It is expecting to make a final decision on a development partner in the autumn.