A project to turn the Olympic media centre into a new technology cluster has been given the green light after iCity won the bid to transform the buildings with a £350 million investment after the Games.
Startups, investors and global corporations are set to occupy the press and broadcast centres following the decision by the London Legacy Development Corporation (LLDC) to choose iCity -- a joint venture between real estate agency Delancey and data storage provider Infinity -- as the preferred bidder.
The company -- which was established specifically for this bid -- was chosen after one of the three shortlisted names, a consortium called UK Fashion Hub which had planned to create a centre for the textile industry, pulled out earlier this month.
By: Sarah Marsh, Edited by: Olivia Solon
Continue reading...Source: http://www.wired.co.uk/news/archive/2012-07/18/icity-olympic-park
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