The London Development Agency (LDA) has paid around £19m for a 187,000 sq ft shed at ProLogis Park, east London, for businesses displaced from the Olympic site.
The deal was signed days before Marshgate Lane Business Group protested outside City Hall on Thursday against their eviction.
The demonstration was timed to coincide with a GLA Assembly meeting about the Games, attended by the capital’s mayor Ken Livingstone, LDA head Tony Winterbottom and bid chief Lord Coe.
The CPO process to remove traders has already started.
The MLBG complains that the LDA has not kept promises to relocate businesses and has demanded inflated prices for its own sites.
The LDA said it is still trying to find appropriate sites.
Knight Frank and Holley Blake acted for ProLogis, CBRE for the LDA.
References: EGi News 12/09/05
