Breaking News

Ebay to Separate eBay, Paypal Into Independent Companies in 2015
Tweet TWEET

Innovation City Wins Bid for London Olympic Media Centers

Innovation City, a unit of data center provider Infinity SDC Ltd., was chosen to lease two media centers built for the London 2012 Olympics, according to the company managing properties built for the games.

The joint venture between closely held Infinity and U.K. developer Delancey Estates Plc, was selected from four bids to lease the Main Press Centre and International Broadcast Centre after the summer games, the London Legacy Development Corporation said today in an e-mailed statement. No financial details were disclosed.

The agreement will “act as spring board for major job creation and new opportunities for local people,” London Mayor Boris Johnson said in the statement.

London 2012 Olympic officials are seeking buyers for buildings and sports facilities erected for the games after previous host cities were left with underused or dormant structures. Innovation city, or iCITY, plans to create a technology, design and research hub at the Olympic site that includes a “digital academy” and brings together start-up business and investors, spokesman Nick Colwill said by e-mail. The project will have a conference center and a public square, according to the statement.

The media centers, located in the northwest corner of the Olympic Park in Stratford, East London, will house 20,000 journalists during the games. The Broadcast Centre will have 95,000 square feet (8,826 square meters) of offices and 575,000 square feet of commercial space available for occupation after the games. The Press Centre will have about 317,000 square feet of offices.

Delancey and Qatari Diar Real Estate Investment Co. agreed in August to buy the athlete’s village at the Olympic park for 557 million pounds ($870 million) for conversion into homes.

Infinity SDC is a Milton Keynes, England-based data center operator that has investment from Rothschild Investment Trust and Lansdowne Partners, according to its website.

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net;

To contact the editor responsible for this story: Andrew Blackman at celser@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.