Three private sector organisations have been shortlisted by the Olympic Delivery Authority (ODA) to draw up final bids for the acquisition and management of the Olympic Village.

The three bidders are Delancey and Qatari Diar; Hutchinson Whampoa; and the Wellcome Trust, with a final decision to be made by the ODA in the summer. More than 1,400 homes; six development plots with outline planning permission; and parks, courtyards and open space are included in the Olympic Village investment opportunity.

The acquisition and management process of the site also includes Chobham Academy and a range of community amenities, as well as a new Polyclinic. ODA chief executive Dennis Hone said: "The Village will deliver the best of city living all in one place with high-quality new homes joined by education and healthcare facilities, new parklands, public squares and open space."

Triathlon Homes has already acquired nearly half of the 2,800 residential units available at the Olympic Village site in order to provide affordable housing in legacy. Image: ODA