1.3 The deal between EP, MDL and AEG is complex. Broadly speaking, AEG has redeveloped the Dome and Dome Waterfront area and will now run The O2. MDL is responsible for developing the associated land. The deal is underpinned by several legal agreements which prescribe how the project will be delivered and managed. Almost 80 per cent of the land covered by this project is owned by EP while 20 per cent is owned by Quintain, the co-owner of MDL.3 All of this land will be released to MDL for development in discrete plots. Figure 2 sets out the main relationships between the parties and what will be delivered. Figure 3 shows the principal agreements which underpin the project.
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3 There are also third party landowners - London Underground and AXA (its plot of land is currently the subject of a Compulsory Purchase Order).