As reported by Agence France-Presse (AFP), Solideo has confirmed two lots of land located in Saint-Ouen, a commune in the Seine-Saint-Denis department, are for sale.

They have a combined area of 109,600 metres squared.

Each candidate must be a group comprising one or more investors, promoters and architects.

A decision on the chosen group is due to be made later this year.

Located seven kilometres north of the centre of Paris, overlapping the communes of Saint-Denis, Ile Saint-Denis and Saint-Ouen and fewer than five minutes from the Stade de France, the Village will be the epicentre of the Paris 2024 design.

Contained within a radius of 500 metres, it is claimed the compactness of the Village makes it functional and ideal for athletes.

It includes three main areas; the Olympic Village Plaza, an international zone which opens on to the Seine river, a residential area around the Cité du Cinéma film studio complex, and an operational area connected to two road networks – the A86 and A1.

The Village will also be served by the future hub of the Greater Paris Express.

Paris 2024 says the 51-hectare site will help athletes perform.

Aside from those training at their competition venues, all athletes will train within 20 minutes of the Village and 60 per cent of those will train within the Village itself.

Some 85 per cent of athletes will be accommodated fewer than 30 minutes away from their competition venues.

Concerns have been raised, however, about the Village, which is due to become 3,000 housing units after Paris 2024.

"Comité de vigilance JO 2024 Saint-Denis" has spoken of worries regarding the risk of rising prices, an increase in traffic on some roads and a housing density which is too high. 

"We want to avoid real estate inflation," Patrick Braouezec, President of Plaine Commune where the Village is located, told AFP.

Earlier this year, it had been reported that French film director Luc Besson was claiming €50 million (£43 million/$57 million) in allowances because the offices of his company EuropaCorp will be used as a canteen for athletes competing at Paris 2024.

The Cité du Cinéma, opened by Besson in 2012, will be converted for a period yet to be defined in 2024.  

According to French newspaper Le Figaro, it means the company’s employees will not have access to the premises during the Games.