Qatari Diar nabs London Olympic Village

Olympic Village

Real estate developers Qatari Diar and Delancey have been confirmed as the future owners of the Olympic Village in east London in a US$908 million deal.

The developers will work alongside Triathlon Homes, who will manage the affordable housing.

Due for completion in early 2012, the village will deliver 2,818 homes. In addition, there are six future development plots with the potential for a further 2,000 homes.

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Qatari Diar is involved in many other London projects including the redevelopment of the US embassy building in Grosvenor Square and the Shell Centre on the South Bank.

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