Belfast based BTWShiells Investment Division have been instructed to market for sale the London 2012 Olympic Basketball Arena.

One of the most iconic buildings of the 2012 Olympic and Paralympic Games, the Basketball Arena, has been made available for sale for £2.5 million by venue owners, Barr Construction.

The Arena, which is being dismantled from its site at the Olympic Park in Stratford, was the largest single temporary structure ever created in Olympic history and was the third largest of all the venues at the London Games.

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At 114m long, 96m wide and 35m high, the Arena occupies a footprint of 11,000 sqm and the main steelwork trusses span almost 100m.

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

Work to dismantle the Arena has already commenced and the dismantling of the iconic rippled outer envelope will commence in March.

Under the unique terms of the contract negotiated with the Olympic Delivery Authority to deliver the Basketball Arena, Barr Construction retained ownership of the Arena shell.

Barr has therefore appointed commercial property consultancy BTWShiells and chartered accountants Ernst & Young to handle the sale of the Arena and prospective bidders are invited to submit expressions of interest by March 31.

(CD/GK)