With the Olympic Games drawing to a close earlier this month, people across the country are asking what will become of the facilities that were built especially for the athletes and spectators. One of these facilities is the place where the world's finest sportsmen and women ate, slept and relaxed. The £1 billion Olympic Athlete’s village will find a useful purpose long after the Games as the 2,818 apartments will provide new homes in East London. This will be divided between rental accomodation and new homes to buy.
Built for the use of 17,000 people, the Athlete’s village complex by Pyramid Builders Ltd and contractors from the Stratford area was built with input from an athlete’s committee including Olympic medal winner Jonathan Edwards. And by 2013 the flats, which are spread across 11 residential plots and have their own postcode E20, will be available for rent or to buy as affordable homes. The QDD consortium of the Qatari ruling family and the UK property developer Delancey will manage 1,439 of the homes for long-term private rent. A two-bedroom apartment is expected to cost around £1,300 a month. The remaining 1,379 homes will provide affordable housing, with most of them rented but also some sold on a shared ownership basis by housing association Triathlon Homes.