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Hogan Lovells has advised Sport England on the terms of its £10.5m lottery grant towards the London 2012 Olympics VeloPark project.
Sport England, the organisation that distributes Lottery funds for sports projects in England, agreed the funding terms with the Olympic Delivery Authority and the Lee Valley Regional Park Authority.
The VeloPark will host the track cycling and BMX events at the 2012 Olympic and Paralympic Games. After the Olympics it will include a road circuit and mountain bike trails, securing Sport England’s objective to include legacy facilities for elite, community and regional users.
The Hogan Lovells team was led by commercial partner Paul Joukador and associate Oliver Wilson. Partner Jackie Newstead and associate Claire Lau advised on property law matters.
Lee Valley Regional Park Authority was advised by an Ashurst team led by property partner Richard Vernon, while the Olympic Delivery Authority handled matters in-house.
Joukador said: “Sport England is a longstanding client of the firm and we’ve worked with them on many interesting and high-profile projects including the Wembley and Manchester stadiums.”
This is the second time Hogan Lovells has advised Sport England in relation to funding for London 2012. In 2009 it represented the organisation in agreeing the terms of a £900,000 lottery grant for the White Water Canoe and Kayak Slalom Centre in Broxbourne, Hertfordshire.