AEG Facilities to run Wembley Arena
AEG Facilities to run Wembley Arena following Competition go-ahead
- Deal opens a new chapter for the world famous venue at the heart of Quintain’s transformation of Wembley -
AEG Facilities, a stand-alone affiliate of AEG,the world’s leading sports and entertainment company has today had its application to run Wembley Arena approved by the Competition Commission. The completion of the 15 year deal with owner Quintain Estates and Development plc sees AEG increase its offering of live entertainment and sport in London in top venues along with its five-year contract for outdoor concerts and events in Hyde Park.
AEG Facilities, the most successful operator of venues in the UK and around the world including The O2 Arena (London, England), O2 World (Berlin), O2 World Hamburg, ULKER Sports Arena (Istanbul), Ericsson Globe Arena (Stockholm), Allphones Arena (Sydney), Mercedes-Benz Arena (Shanghai), MasterCard Center (Beijing), Nokia Theatre L.A. LIVE (Los Angeles), Best Buy Theater Theater (Times Square), Barclays Center (Brooklyn), American Airlines Arena (Miami) and STAPLES Center (Los Angeles) – will bring world class content back to Wembley Arena and improve the experience for fans, artists and partners.
Throughout its 79 year history, the 12,500 seat Wembley Arena has played host to some of the world’s best known recording artists including David Bowie, The Who, Stevie Wonder, Prince and even The Beatles and Rolling Stones, who shared the same bill. It has also played host to the Olympics Games, serving as a venue for the London Games of 1948 and 2012.
On the announcement, Rod O’Connor, Executive Vice President, AEG Facilities, Europe: “Wembley Arena holds a special place in the hearts of music and live entertainment fans. It enjoys fame on a global scale and we are delighted to welcome it into our portfolio of elite and iconic venues and to have the opportunity to support it with our experience in operating many of the world's most successful live events venues."
“Quintain’s Wembley Park estate is currently undergoing a remarkable transformation and we are proud to be a part of a development that will not only benefit fans, but also the local community. This deal marks a new chapter in Wembley Arena’s illustrious history and we are committed to delivering the very best experience for fans, artists and partners,” O’Connor added.
Purchased by Quintain in 2002 as part of a deal in which it bought 44 acres of former exhibition lands around the old Wembley Stadium, Wembley Arena sits at the heart of Quintain’s ongoing project to revitalize Wembley Park with the creation of new shops, homes and leisure facilities. The agreement with AEG will attract many more live events and people to the area who will enjoy the world famous venue alongside other new attractions including the new 4* Hilton London Wembley Hotel, which opened last July, and the London Designer Outlet - the first of its kind within the M25 - which will open on October 24th.
James Saunders, Chief Operating Officer at Quintain, said: “This is fantastic news for Quintain and for London, the biggest market place in the world for live music. AEG is the world's leading venue operator and we look forward to AEG bringing the world class content, world class customer experience and the operational expertise they have demonstrated at The O2 to the iconic and much loved Wembley Arena. The new partnership with AEG comes at an important time for Quintain, just 8 weeks before we open London’s newest retail destination next to Wembley Arena – London Designer Outlet. We can now offer visitors to the Arena a much more rounded experience with shopping, dining and even an stay overnight at the Hilton London Wembley. The two attractions combined should drive over 8m visitors a year to the Wembley Park area, creating jobs and many new exciting opportunities.”
AEG’s application to run Wembley Arena was passed to the Competition Commission in March and then provisionally cleared in July before receiving the final approval this month.