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The new arena will be the biggest sports hall in the UK and second largest in Europe. Initially, it will be used as a Games Time Training Venue by the official handball and wheelchair rugby teams.
The project, designed by LRK Associates, features a 5,000m² sports hall, a 1,000m² gymnasium and changing facilities.
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Construction is scheduled to be completed by February 2012.
Peter Jacobs, Regional Managing Director for Morgan Sindall, said: "We have a great track record when it comes to building leisure facilities and our successful completion of the £38 million Basildon Sporting Village in Essex is testament to this.
"Being involved in an Olympic build process is all about leaving a legacy for the local community, which is what Mayesbrook Park Sports Arena will do. It will help to put the area on the global map, as it plays host to some of the world’s leading athletes in 2012."
The contract follows Morgan Sindall's recent appointment to build a £26 million centre of excellence for neuroscience research at King’s College London.
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