Manchester Arena Complex
Manchester
The Complex was the Group’s most significant acquisition in 2010. It is the largest indoor venue in Europe and attracts over 1 million visitors per annum. Following acquisition, we re-geared the lease to the incumbent operator, allowing us to make an immediate revaluation gain of £9.5 million, of which the Group’s share was £2.8 million. We are pursuing further asset management initiatives identified in conjunction with our partners, Patron Capital Partners.
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