Sunday 12th October 2008

A big splash

London's Olympic aquatic centre is set to treble in cost

The showpiece of the aquatic events for London's 2012 Olympics is set to cost three times the initial estimate. It has been revealed that the building , already no stranger to controversy due to the audacious design of Zaha Hadid, is to be built by Balfour Beatty.

Balfour Beatty was the only contractor left in the bidding after the French firm Eiffel and German construction company Hochtief withdrew. The building is set to house 17,500 seats for spectators that will be removed once the Games are over, leaving a diving centre and swimming facility.

The cost of the centre is now estimated to be £242 million. Up from the original projection of £73 million.

Related Articles

Also in Home

Regional roundup

Latest Edition

In this issue...

The British Journal of Real Estate Development and Property Management. The latest property news both in-depth, and in brief. Expert opinion and information on regeneration, regional developments, property management and environmental issues.
Latest Edition
Subscribe                                View Now

Virtual Magazine

skyscraper

News in Brief

A big splash

London's Olympic aquatic centre is set to treble in cost...

Imparting momentum

Gordon Brown is to attempt to get the UK housing market to improve...

Euston architects appointed

Allies and Morrison have been appointed to oversee a £1 billion redevelopment of Euston station...

Russia enters

The Russian property developer Mirax Group has entered the UK market...

The Final Word

UK mortgage plan won't end credit famine

The Bank of England has agreed to swap at least £50bn of banks' risky mortgage and other assets for easy to liquidate government debt, its latest and most radical attempt to break the back of the cred...