Olympia London has introduced a brand new signing with Trafalgar Leisure, who shall be taking up a 70-year lease to run a theatre with a 1,575-seat auditorium. It would be the largest new everlasting theatre construct of its sort to open in London for the reason that Nationwide Theatre in 1976.
Olympia London’s redevelopment will see house owners Yoo Capital and Deutsche Finance Worldwide funding over £1.3bn to develop the positioning. The plans have been knowledgeable by 5 years of analysis with occasion organisers, exhibitors and guests whose suggestions included the need for in a single day lodging, further onsite working areas, extra choices for eating places and bars, and pre and post-event leisure.
Trafalgar Leisure will be part of life-style and leisure manufacturers AEG Presents that may run the dwell music venue, and Hyatt and citizenM that may run two inns, as anchor tenants of the brand new web site.
Olympia London MD, Nigel Nathan, mentioned: “We’re thrilled to welcome Trafalgar Leisure to run this new theatre and enrich the programme of cultural leisure supplied right here within the coronary heart of West London. It’s our purpose to reinforce our purchasers’, guests’ and exhibitors’ journey with us and provide experiences to them and our area people.”
Chairman of Yoo Capital, John Hitchcox, added: “Sir Howard Panter and Dame Rosemary Squire have a singular monitor report in distinctive dwell leisure and we’re delighted to welcome Trafalgar Leisure as the newest tenants of Olympia. Our imaginative and prescient is to create a brand new cultural hub in West London and we’re trying ahead to opening the most important new everlasting theatre within the metropolis for 45 years. This shall be an enormous increase for town’s leisure business and the native financial system.”
Olympia London’s redevelopment is because of open in 2024 with the brand new theatre set to premier in 2025.