New affordable homes in the Olympic Athletes’ Village

Date:

Wednesday 3rd October 2012

Triathlon Homes is now working with private owner Qatari Diar and Delancey, as well as the Olympic Delivery Authority, to ensure the successful delivery of high quality affordable homes at the Olympic Athletes' Village in east London.

Triathlon Homes, affordable housing provider for East Village, the legacy identity of the Olympic Athletes' Village, will take ownership of 1,379 affordable homes in the Olympic Athletes' Village.

Altogether, there will be over 6,000 residents living in 2,818 new homes in East Village, creating a new neighbourhood.

Triathlon Homes is a joint-venture partnership of three of London's leading property companies: housing associations East Thames Group and Southern Housing Group and urban investment and regeneration company First Base. Together they created an innovative investment vehicle to facilitate the purchase of the affordable homes from the Olympic Delivery Authority. This was one of the first times that the public and private sectors had worked together in this way to deliver and finance an affordable housing project of this scale.

Triathlon Homes' executive director, Elliot Lipton from First Base, said: Triathlon Homes' partnership is an innovative and effective way to deliver high-quality affordable housing on a large scale."

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