London’s former Olympic Village suffers from fire safety defects that will cost ￡432mn to fix, according to the estate’s management company, after new problems were found inside the buildings.
East Village Management Limited (EVML), which is responsible for fire safety and managing the common parts of the Olympic estate, increased its fire safety provision by ￡337mn from ￡95mn, according to its annual report for the year to March 2024 published this week.
The company said the bulk of the funds was needed after surveys showed fire safety defects within the “internal fabric of the buildings,” which were built for the government and sold off as private and affordable accommodation after housing athletes for the 2012 Olympic Games.
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