October 10th, 2019
ASM GLOBAL SIGNED AS VENUE OPERATOR FOR NEW GATESHEAD QUAYS COMPLEX
Further expanding its footprint in the UK, ASM Global (a merger between SMG Europe and AEG Facilities) announced today that it has signed to be the venue management provider for a new £260m arena, conference and exhibition centre on Gateshead Quays.
The company signed a long-term 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 major music and cultural events as well as hosting international conference and exhibitions. Designed to bring new audiences to the region 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 £30 million 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.”
Dan Williams,Head of Development, UK and Ireland PATRIZIA said: “We have been working very closely with Gateshead Council and the wider stakeholders to secure this deal which will create an iconic, landmark destination. We are looking forward to now moving the project to the planning stage and delivering this scheme with ASM Global.”
Commenting on the confirmation of the lease agreement, John Sharkey, Executive Vice President of Europe for ASM Global said of the deal, “We're delighted to have contracted with Gateshead Council and Ask:PATRIZIA, to bring to market such an ambitious development and move our established business to such an iconic, central location. The North East has always been an important region for ASM Global. We look forward to building upon the success of the Utilita Arena and Whitley Bay Playhouse, and leveraging our regional strength to further develop the events landscape and grow the North East economy.”
Sharkey added, "Our events calendar continues to be incredibly strong in Newcastle and we've recently welcomed fantastic new partnerships with Utilita, LNER and Metro Radio, among others. This ongoing commitment and investment, along with the vision and ambition from Gateshead Council and Ask:PATRIZIA, demonstrates a very clear bellwether for the regional economy, and the attractiveness of the events sector in Newcastle Gateshead.We look forward to working with a range of national and regional partners, and leveraging our global partnerships with leading entertainment, product, sports and service providers to cement Gateshead Quay’s reputation as a world-class leisure and cultural destination.”
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.
Award winning Architect, HOK, was appointed to design the new arena and conference and exhibition centre and has been working on detailed designs for the venue in this iconic riverside location.
John Rhodes, HOK’s Design Principal and Head of Sports, commented: “This is a fantastic site overlooking the River Tyne, sitting directly in front of the Gateshead Millennium Bridge. The masterplan has the unique benefit of combining the new arena, conference and exhibition centre and hotel with the wonderful existing buildings of Sage Gateshead and Baltic Centre for Contemporary Art. This combination will create a world class destination and regeneration legacy, attracting many thousands of visitors annually.”
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.
AHR Architects are designing the overall masterplan for the site. The project team also includes: Project Manager and Contract Administrator, Legends; Gardiner and Theobald, QS; ARUP, structural engineers/ M&E and Vectos for transport planning.
About ASM Global
ASM Global is the world’s leading venue management and services company. The company was formed by the combination of AEG Facilities and SMG, global leaders in venue and event strategy and management. The company’s elite venue network spans five continents, with a portfolio of more than 300 of the world’s most prestigious arenas, stadiums, convention and exhibition centers, and performing arts venues. From Aberdeen to Anchorage, and Sydney to Stockholm, its venues connect people through the unique power of live experiences.
ASM Global’s diverse portfolio of clients benefit from the company’s depth of resources and unparalleled experience, expertise and creative problem-solving. Each day, the company’s 61,000 passionate employees around the world delivers locally tailored solutions and cutting-edge technologies to deliver maximum results for venue owners, and operations, and amazing experiences for guests. By consistently looking for new ways to envision, innovate and empower the spaces and places that bring people together, ASM Global elevates the human spirit while delivering the highest value for all stakeholders. For more information, please visit www.asmglobal.com.
About Ask Real Estate Limited
Established in 2000, Ask has built a reputation for being a leader in multi-partner developments, featuring some of the most creative and bold concepts in regeneration, enjoying outstanding working relationships with both the public and private sector. The Manchester-based company now boasts a portfolio of 20 separate projects, comprising over 3 million sq ft of floorspace and generating an end value of £800 million.
Currently under construction is 100 Embankment, the second of two phases of Grade A BREEAM Excellent commercial offices creating a new civic centre for Salford.The company’s flagship scheme at First Street in Manchester City Centre is continuing to expand with the next phase of development scheduled to be on site in early 2020.
While Ask is proud of its rich heritage in Manchester and the North West, it has recently expanded into other regions having been chosen by Gateshead Council to partner them on the delivery of a £220 million arena-led scheme on the River Tyne.
PATRIZIA has been active as an investment manager in the real estate market across Europe for more than 30 years.PATRIZIA’s UK business is headquartered in London and operates with 2 regional offices across the UK.To date, PATRIZIA UK has invested over £1.5bn in the UK and is active in the residential sector as well as the commercial real estate sector with significant experience across Europe and is a committed, long term value investor and developer. At the forefront of the company’s priorities is its contribution to the ongoing success of Manchester by continuing to develop and regenerate the First Street neighbourhood into a prosperous cultural, commercial and residential hub for the city. You can learn more about PATRIZIA here www.PATRIZIA.agABOUT HOK
With offices around the globe, HOK designs buildings and spaces that respond to the needs of people and the environment. HOK designers are rooted in technical excellence, driven by imagination and focused on a solitary goal: to deliver solutions that inspire clients and communities.’ HOK’s London Sports and Entrainment design projects include Valencia Basketball Arena and Abu Dhabi Yas Arena.