Belfast Telegraph

Saturday 20 December 2014

Belfast firm wins the race for sell-off of Olympic stadium

A Northern Ireland commercial property company has been appointed to handle the sale of one of the most iconic buildings of the 2012 Olympic and Paralympic Games.

Belfast-based BTWSheills, which has an office in London, will sell the basketball arena in the east London venue in conjunction with accountants Ernst & Young.

The arena, which was built by Scottish firm Barr Construction, is up for sale for £2.5m.

BTWSheills said the Arena, which is being dismantled from its site at the Olympic Park in Stratford, was the largest single temporary structure ever created in Olympic history and was the third largest of all the venues at the London Games.

At 114m long, 96m wide and 35m high, the Arena occupies a footprint of 11,000 sqare metres and the main steelwork trusses span almost 100 metres. Work to dismantle the Arena has already started and the dismantling of the iconic rippled outer envelope will commence in March.

BTWShiells investment director Paddy Brennan said: "The Arena has global appeal and it will be very interesting to see where this iconic structure ends up and what it will be used for. The interest to date has been incredible and we anticipate its transportability and the fact it can be utilised for a variety of functions being key selling points."

The 12,000 seats which were housed within the Arena during the Games are also up for sale under a separate deal.

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