Olympic Park land owned by the London Development Agency
will be transferred to the Olympic Park Legacy Company, the body now charged with securing the future of the
The deal was announced by London Mayor Boris Johnson at
the MIPIM property conference in Cannes.
“We have preserved the principle that the company should
be an equal partnership between the Mayor and government,” said Johnson, adding
that he had “ensured the financial arrangements will protect the LDA and its other important
programmes in London”.
LDA chief executive Sir Peter
Rogers, said: “Our negotiations with government have produced a good deal for
London, with a
significant benefit for the agency.”