Developers Buy London Olympic Village For $907M

Law360, New York (August 12, 2011, 2:21 PM EDT) -- The real estate development arm of Qatar's sovereign wealth fund and a British real estate investment company said Friday they would buy and manage London's Olympic Village for £557 million ($907 million).

A joint venture between the Qatar Investment Authority's Qatari Diar Real Estate Investment Co. and property investor Delancey Real Estate Asset Management Ltd. will acquire 2,818 new homes and adjacent land that can be developed into up to 2,000 more homes as the East London neighborhood gears up for next summer's Olympic Games....
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