A joint venture between UK developer Delancey and the property arm of Qatar's sovereign wealth fund has bought the athlete's village on the Olympic park in east London, two sources familiar with the matter told Reuters.
The deal was signed in the last 48 hours, the two sources said. It has been reported that a successful bid for the Olympic Village would have to be at least 500 million pounds ($811 million).
The 27-hectare athlete's village deal includes 1,400 homes and six other plots, which Delancey and Qatari Diar will develop as part of a wider urban regeneration scheme in the district when the games finish next year.
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