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London 2012 Olympic Basketball Arena sale scores global interest

Bidders from all over the world have registered their interest in the 2012 Olympic Basketball Arena, which has been made available for sale by venue owners Barr Construction.

Given that the Basketball Arena was one of the most distinctive and eye-catching structures of the 2012 Games, it is no surprise that people have taken a keen interest in what happens to it in the future.

It has nevertheless been heartening to see so many parties from all over the world recognising the potential future uses for the Arena.

With finances tight at a global level, the advantages of a ready-made structure such as this over a completely new building are clear, and we look forward to bidders firming up their offers in the weeks ahead,

said Managing Director of Barr Construction Barclay Chalmers.

Commercial property consultancy BTWShiells and chartered accountants Ernst & Young are handling the sale of the Arena, with an initial asking price of £2.5 million.

The 12,000 seats which were housed within the Arena during the Games are also up for sale under a separate deal by temporary seating provider GL events Slick Seating.

Barr has made the building shell available for sale, which consists of a 1,000 tonne skeletal steel frame and a 23,000 sqm recyclable white PVC fabric skin.

The basketball arena was the largest single temporary structure ever created in Olympic history and work to dismantle the structure at its site on the Olympic Park in Stratford is ongoing.

The basketball arena was the largest single temporary structure ever created in Olympic history and work to dismantle the structure at its site on the Olympic Park in Stratford is ongoing.