BREAKING: Galliard Group agrees to purchase West Ham's Boleyn Ground
West Ham's Boleyn Ground will be transformed into a residential and retail village by Galliard Group once the full-time whistle is blown on the team's final home game.
The London-based developer today, Monday, reached an agreement with the club which will see it purchase the stadium after the Hammers complete their move to Stratford's Olympic Stadium, in 2016.
The firm - which has snapped up 14 major development sites across inner London during the past two years - was chosen as the preferred bidder for its pledge to honour the team's history as well as its connections to the community.
Karren Brady, West Ham's vice chairman, said: "The deal demonstrates that we have been true to our word by securing the regeneration of two areas of East London through our move to the Olympic Stadium in 2016.
"In addition, and most importantly for us, we can see that Galliard are passionate about working with West Ham United to engage their supporters to help deliver a fitting legacy that will honour the tradition of the famous ground.
We are confident that West Ham United fans will be excited about their vision and the way they plan to respect more than 100 years of West Ham history at Upton Park."
Loyal supporters of The Irons will be able to vote for a particular player or event to adorn the name-plate of each building, while a landscaped space of greenery will be granted the title of the Bobby Moore Memorial Garden.
The current memorial garden, by the front entrance to the ground, will be protected and brought into the new development.
Galliard has also commissioned world-renowned sculptress, Frances Siegelman, to create a statue of the fans' favourite and former captain, as well as other artwork to celebrate the team's east London heritage.
Roberta Moore, daughter of Bobby, said: "I have always believed there should be some form of permanent West Ham United presence at the Boleyn Ground site after the team leave and I'm really pleased that the centrepoint of the development is planned to be named in honour of my father."
The wider scheme will see the creation of new homes and ground floor retail and leisure facilities, as well as underground parking.
Construction of the new village is expected to take 30 months with an anticipated completion date of late 2018.
Stephen Conway, chairman and chief executive of Galliard Group, said: "Galliard is one of London's most successful regeneration specialists and has a proven track record in stadium land regeneration.
"Working closely with West Ham and Newham Council, Galliard now plan to undertake extensive consultation with local residents and businesses and the West Ham United Supporter Advisory Board in order to create a future for the site, which is respectful of the cultural and economic diversity of the local area."
Sir Robin Wales, Mayor of Newham, said: "We have always maintained that West Ham United's relocation to Stratford had the potential to deliver an Olympic Legacy beyond Queen Elizabeth Olympic Park as a key part of the comprehensive regeneration of Green Street and Upton Park. The prospect of much needed homes, jobs and community spaces for this area is an exciting one."