Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

University college 'bids for O2'

A Cambridge University college is reportedly in negotiations to buy London`s O2 entertainment complex for more than £20 million.

Trinity, the university’s wealthist college, is said to have been in talks with current owners Quintain and Lend Lease for several weeks.

It is understood Quintain owns a 999-year lease on the former Millennium Dome site in Greenwich in a joint venture with Land Lease. Quintan confirmed to its shareholders that talks with a preferred bidder are under way.

According to a report in the Sunday Times, Trinity college has a long history of investing in property.

In its results statement last week Quintain said: “Ticket sales at the O2 remain strong. Exclusive negotiations continue with a preferred bidder for the disposal of the group’s interest.”

No one from Trinity or Quintain was available to comment.