Bankrupt developer’s Olympic site sold

ADMINISTRATORS to bankrupt developer John Fleming’s British property empire have secured planning permission for a 225-bedroom three-star hotel, 158 residential units and commercial units on land owned by Fleming Developments UK on Olympic Way near Wembley stadium in north-west London.

It also appears that the administrator, Baker Tilly, has sold the site, according to a document that was filed to Companies House last month.

The papers show that the mortgage from Anglo Irish Bank to Fleming Developments UK for the London site had been satisfied.