Bloomberg News

Olympics Group to Accept Bids for London 2012 Media Centers

October 03, 2011

Oct. 3 (Bloomberg) -- The company selling facilities built for 2012 Olympics will start accepting bids for two media centers, the Games’ legacy company said today.

The Olympic Park Legacy Company will take offers for the 91,689 square meters (987,000 square feet) of space at buildings over the next nine weeks, according to an e-mailed statement. The asking price for the London properties, which will cost 350 million pounds ($543 million) to construct, wasn’t disclosed.

“The Press and Broadcast Centres have already generated a huge amount of commercial interest and we are excited to see what bids come,” Chief Executive Officer Andrew Altman said in the e-mail.

London 2012 Olympic officials are seeking buyers for buildings and sports facilities being erected for the Games as they try to avoid problems faced by past host cities such as Athens that were left with underused or dormant structures.

The centers, located in the northwest corner of the Olympic Park, will have space for 8,000 journalists during the six-week event. The Broadcast Centre has 8,872 square meters of office space over five floors and 53,362 square meters of commercial area. The five-story Press Centre has around 29,455 square meters of office space.

The bidding process will end on Dec. 2 and the legacy company will draw up a shortlist of potential winning buyers in February. The buildings, which attracted 45 expressions of interest last year, will be available starting in spring 2013, according to the statement.

--Editors: Jeff St.Onge, Chris Elser

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.

To contact the editor responsible for this story: Ross Larsen at rlarsen2@bloomberg.net


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