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Lend Lease confirmed as Olympic Village builder

A consortium led by contractor Lend Lease was today confirmed as shopping mall developer Westfield's partner in building Stratford City, the site that neighbours London's Olympic Park including the 2012 Athlete's Village.
As predicted by NCE, Lend Lease beat a consortium of Barratt Homes and Bouyges to build Stratford City (NCE 15 February).The Lend Lease consortium, which includes East Thames Group, First Base and Crosby Lend Lease, will transform the 69ha brownfield site centred on Stratford International Channel Tunnel Rail Link station into a £4bn residential, commercial and retail development.Client for Stratford City London Continental Railways (LCR) appointed Westfield last year on the condition it teamed up with a firm with house building expertise (NCE15 June 2006).Olympic Delivery Authority chief executive and former Lend Lease boss David Higgins said: 'This is another important step forward in delivering our vision for the Olympic Park. Lend Lease has emerged as the strongest candidate for the element of the Stratford City Development which will house the athletes for the Games and deliver vital housing for the new community after 2012. Working with our partners at LCR we will now carry on discussions with them on an exclusive basis and I am confident we will sign terms of agreement with them in the coming weeks.' LCR managing director (stations & property) Stephen Jordan said: 'This announcement demonstrates further significant progress in moving the whole Stratford City scheme forward. LCR is pleased to be working with all parties, not only to provide essential infrastructure for a successful Games in 2012, but to provide key elements of legacy - the homes and jobs people need.'

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