2012 Olympics

Queen Elizabeth Olympic 2012 Park
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2012 Olympics

Size: 850 acres/345 Ha
Value: £650 million
Location: Stratford, London
Status: 2009 to 2014
Client: Greater London Authority (GLA)
Role: Strategic Advisory and Development Management
Team: Peter Hopson, Adrian Maher

When aspireDM became involved in 2009, the London Olympic Park was the largest CPO undertaken in Europe, with a defined programme for completion of works by 2012! The aspireDM team were appointed to lead the land assembly for the project at a time when the acquisition was projecting a £300m overspend and with a remit to get the budget under control.
 
Although the LDA had a strong transactional team of CPO valuation suppliers – Deloitte, CBRE, Glenny & Gerald Eve – aspireDM’s remit was client management of the CPO programme processes and budget with a seconded internal land team of four Chartered Surveyors and an externally appointed team of lawyers, accountants and specialist valuers.
 
Decades of experience in leading complex land assembly projects enabled us to quickly understand the issues and develop effective strategies, governance, systems, processes and reporting to get the project back on track. By reviewing the PCE, assessing and quantifying risk, engaging with claimants to understand their circumstances and grouping claims into clusters with similar issues, we were able to prioritise instructions to the suppliers and develop effective tactics for claims settlement.

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