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Delancey, Qatari Diar make London Olympic village site acquisition

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Qatar: UK developer Delancey Estates and a unit of Qatar's sovereign wealth fund have agreed to acquire the athlete's village in London's Olympic Park for $906m, Bloomberg has reported. Under the terms of the deal, Delancey and Qatari Diar Real Estate Investment will buy 1,439 homes from the Olympic Delivery Authority that can be resold or rented out, the ODA said in a statement. The ODA is responsible for developing the venues and infrastructure for the 2012 Games and their use after the event. [AMEInfo.com]

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