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Four consortiums have been shortlisted to develop the 拢245m Commonwealth Games Village in Glasgow.

The teams, revealed in full for the first time, are:

鈥� Broadway Malyan Consortium led by Broadway Malyan with Arup, Drivers Jonas and regeneration company New City Vision.

鈥� City Legacy Consortium led by Davis Langdon with architect RMJM, developers Cruden Estates and McTaggart & Mickel, and contractors Citybuilding and CCG.

鈥� Gladedale Consortium led by Gladedale with Bellway Homes and Citta Property Group, the Australian developer that built the Melbourne Commonwealth Games.

鈥� The PPD Consortium led by local developer Charles Price with Mace, Caledonian 黑洞社区, Woolgar Hunter, DTZ, and Ian Simpson Architects, Reiach & Hall Architects, Elder & Cannon Architects, Nord Architecture, Murray Dunlop Architects, energy group Scottish & Southern, Citybuilding Glasgow and BDO Stoy Hayward.

Broadway Malyan鈥檚 team is still to appoint a contractor to bid with, while the Gladedale Consortium is in discussions with three architects to join its team.

The four consortiums were officially ratified by Glasgow City Council this morning and will now enter into a competitive dialogue process with them. The four are expected to be whittled down to two by the end of the year, with a successful team chosen by summer 2009.

The winning bidder will build up to 1,500 homes in the east end of Glasgow. These will house 8,000 athletes during the 2014 Games, and provide a mixture of private and affordable homes after the Games end.

Ian Simpson, masterplan architect with the PPD Consortium, said: 鈥淚t鈥檚 a big scheme, and it really matters for that part of the city. For the Manchester Commonwealth Games, we positioned the stadium to the east of the city to help regenerate an area that was long in need of it. Creating a sustainable, new Commonwealth Village will do the same for the east end of Glasgow.鈥�

The Athletes Village for the 2012 Olympics has suffered from the credit crunch, with development partner Lend Lease unable to borrow the required funds to underwrite the Village, but Glasgow-based developers are confident the market will have picked up by the time an equity stake is required.

Ian Baird, partnerships director at Gladedale, said: 鈥淲e鈥檝e got to look ahead on the basis that the market will recover. Let鈥檚 face it, if it鈥檚 not recovered by 2014 then we鈥檙e all doomed. It鈥檚 fair to say we wouldn鈥檛 be speculatively starting to build it tomorrow, but we鈥檙e very excited by the prospect of building it when the market bounces back.鈥�