The London 2012 Organising Committee (LOCOG) has taken temporary ownership of the Olympic and Paralympic Sailing Village in Portland ahead of the Games this summer.

The Osprey Quay development, which will contain 84 residential units, will house competitors and team officials taking part in the London 2012 sailing events in Weymouth and Portland.

Keith Mills, deputy chair of LOCOG and councillor Graham Winter, mayor of Weymouth and Portland joined site workers and local residents at the Village to thank them for their work and to showcase how a finished apartment will look during the Games.

As many as 700 athletes and 550 officials will stay at the Sailing Village during the Olympic Games and approximately half that number will use the accommodation during the Paralympic Games.

Athletes will eat in a temporary dining hall which will be constructed on the site, and have a social area in the new Chesil Cove Foundation School which LOCOG will take temporary ownership of in May.

Mills, LOCOG deputy chair said: “This is an exciting milestone with less than six months until we welcome the first athletes and Sailing officials to Weymouth and Portland.

“The Sailing Village will be a fantastic facility for the athletes, but just as importantly after the Games this will be a development with both affordable and low carbon housing on offer.”

After the Sailing competitions have finished this summer the apartments will be converted into homes with 25 per cent of the housing made available to a registered landlord for social housing needs.

All the residential units are low carbon with the heating and hot water for 58 of the homes coming from a biomass heating system and many of the houses fitted with rainwater harvesting systems.