£260m Gateshead Quays arena in progress signs for new venue management
ASM Global has signed to be the venue management provider for a new £260m arena and exhibition centre on Gateshead Quays.
A merger between SMG Europe and AEG Facilities, ASM Global revealed the news today (October 9) following having signed a long-term agreement to help manage the site.
The company signed an agreement with Ask:PATRIZIA, a joint venture between developer, Ask Real Estate and investment development manager, PATRIZIA, instructed by Gateshead Council.
The 12,500 capacity arena will be capable of holding huge music and cultural events as well as hosting international conferences and exhibitions.
Designed to bring new audiences to the region and regenerate the Quayside area, it is hoped it will also attract major political events and international delegates.
It is estimated that up to 300,000 new visitors will be drawn into the region each year boosting the economy by up to £30m annually.
John Hughes, managing director of Ask Real Estate, said: “We are thrilled to have selected ASM Global as our operator. 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.”
Confirmation of ASM Global’s appointment as the complex operator will be followed by the development of a detailed design agreement for the entire 10-acre complex followed by a full planning submission in early 2020.
It is anticipated that the arena will open by 2023.
Councillor Martin Gannon, Gateshead Council leader, added: “The new arena, conference and exhibition centre will enhance our existing world class cultural reputation on Gateshead Quays.
“Having now firmly secured ASM Global as the operator, it will not only bring a new entertainment experience for visitors, but also bring new jobs, skills and significantly boost the local and regional economy.”
The wider scheme which will be delivered as part of the overall masterplan will include 6,300m2 of conference and exhibition space together with an additional 2,800 m2 of flexible meeting space, hotels, bars, restaurants, car parking and extensive areas of public realm.
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