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AEG and Onex-owned venue operator ASM Global announces a new addition to its portfolio, a ten-acre, 12,500-cap. entertainment complex on Gateshead Quays, UK
By Anna Grace on 11 Oct 2019
ASM Global will be the venue management provider for a new £260 million arena, conference and exhibition centre on Gateshead Quays in Newcastle, as the operator further expands its UK footprint.
ASM Global, the result of a merger between SMG Facilities and AEG Facilities today (11 October) cleared by the UK’s Competitions and Markets Authority, has signed a long-term agreement with developer Ask Real Estate and investor Patrizia to operate the 12,500-capacity venue.
It is estimated that the ten-acre Gateshead complex, due to open by 2023, will generate £30m for the economy and attract up to 300,000 new visitors to the region each year. Global architecture firm Hok has been appointed to design to new arena.
“We are thrilled to have selected ASM Global as our operator,” comments Ask Real Estate MD John Hughes.
“ASM Global have a global reputation for excellence and their experience will be key in helping us to develop what will be one of Europe’s key cultural locations”
“They have a global reputation for excellence and their experience will be key in helping us to develop what will be one of Europe’s key cultural locations. We have been working closely with them to ensure the arena will be able to accommodate the rapid advances in sound and production technology.”
ASM Global’s executive vice president for Europe, John Sharkey, says the operator is “delighted to bring to market such an ambitious development”.
“We look forward to building upon the success of the Utilita Arena (11,400-cap.) and Whitley Bay Playhouse (630-cap.), and leveraging our regional strength to further develop the events landscape and grow the north east economy,” says Sharkey.
In addition to its venues in the north east of England, ASM Global’s UK portfolio includes the O2 Arena (20,000-cap.), the SSE Arena, Wembley (12,500-cap.), Manchester Arena (21,000-cap.), the First Direct Arena in Leeds (13,700-cap.), Glasgow’s SSE Hydro Arena (13,000-cap.) and the York Barbican (1,900-cap.).
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