Olympia London owners Deutsche Finance and Yoo Capital released proposals for a £700 million investment for the iconic 130‐year‐old exhibitions and events venue.
The investment will look to enhance available exhibition space by investing in facilities as well as creating 70,000 sf of brand new co‐working spaces and 600,000 sf of creative offices and studios.
Already home to more than 200 inspirational events and welcoming 1.6 million visitors every year, the proposals set out a vision for Olympia London to become a year‐round destination in its own right with restaurants, hotels and cinemas all added to the site.
Olympia London has a rich history of championing the arts – from being one of London’s first cinemas to hosting Vivienne Westwood’s first fashion show – the new proposals want to continue that legacy by creating 73,000 sf of theatre and performing arts space.
Working with the globally‐renowned Heatherwick Studio and the award‐winning practice SPPARC, the plans envision a diverse cultural hub for London with more public and green space.
The investment aims to help position Olympia London for the future as a centre of creativity, innovation and entrepreneurship in the UK, by dedicating a wealth of new places to support this.
Proposals have been inspired by direct feedback from visitors, event organisers and exhibitors, with a renewed pledge to improve on‐site catering and accommodation offerings to ensure Olympia London remains a world‐leading exhibition centre and a destination in its own right.
John Hitchcox, Chairman of Yoo Capital, said: ‘As caretakers of Olympia London, we are investing to protect this iconic site and promote it on the global stage as a world‐leading destination for the creative industries. These proposals reflect consultations and discussions with our community to ensure we create an exciting and inspirational venue with unparalleled facilities.’
Gavin Neilan, Co‐Managing Partner of Deutsche Finance International said: ‘This is an exciting time for Europe’s exhibitions and events industry, with cities such as Frankfurt and Paris investing in its sites and continued annual growth across the creative industries. This investment heralds a new era in Olympia London’s history with the opportunity to set itself apart on the global stage.’
Nigel Nathan, MD, Olympia London said: ‘Olympia London has an industry‐leading reputation as the home of inspirational events. This extraordinary investment will ensure our visitors, event organisers and exhibitors continue to have the best experience possible for years to come.’