Glasgow City Council has named its preferred bidder for the construction of the athletes village for the 2014 Commonwealth Games in the city.
A partnership know as the City Legacy Consortium looks set to get the go ahead for the development, when the council debates a report on the subject on Friday.
The village will house 6,500 competitors and officials during the games. Afterwards the athletes village will be transformed, and 765 more homes built on the 38.5 hectare Dalmarnock site, resulting in more than 1,400 new homes.
Of these, 300 will be for social rent, and 100 will be for intermediate rent. City Legacy said all the homes will be priced so they are achievable for first-time buyers, will be low rise, and energy efficient. It is also building a 120 bed care home on the site as part of the work.
The consortium is made up of a range of developers, planners, contractors and advisers. It includes CCG, Cruden, Mactaggart & Mickel, W H Malcolm, Davis Langdon LLP, Scottish and Southern Energy, RMJM, WSP Group, Turley Associates, Burness LLP, and JLL.
In a statement the group said: ‘This innovative project will not only showcase the new face of the east end of Glasgow to a world-wide audience during the Commonwealth Games, it will also transform Dalmarnock to become a much sought-after riverside residential area.’
Councillor Steven Purcell, leader of Glasgow City Council, said: ‘The fact that the private sector has demonstrated such confidence in this project shows that Glasgow continues to be an attractive place to do business.’
Scottish sports minister Shona Robison described the announcement of the preferred bidder as ‘an important milestone’.
Glasgow City Council is putting forward the site for development, but will enter into a profit sharing arrangement with the developer at the end of the project. Work on the site is due to start next year, and work on the village is due to be competed six months before the start of the games in 2014.