A leading producer of entertainment experiences is set to manage and operate the new 3,500 capacity performance venue at Becketwell Derby, which will be forward funded and owned by Derby City Council.
St James Securities, developers of the £200m Becketwell regeneration scheme, and Derby City Council have announced that ASM Global has been awarded preferred bidder status to manage, operate and programme the new entertainment and conference venue being developed in Derby, following a competitive tender process.
The award of preferred bidder status is an important landmark in delivering this new venue, which will be a fully flexible, scalable space capable of staging concerts, stand-up comedy, family shows, musical theatre, conferences, and exhibitions.
This announcement coincides with the news that St James Securities have exchanged contracts with Derby City Council to forward-fund the project.
Derby City Council have assisted with land assembly for the development and St James Securities will deliver the performance venue to the Council with ASM Global to sign a 30-year lease, which will remove the development and financial operating risk from the Council.
Located in the Becketwell area at the heart of the wider mixed-use development currently being delivered by St James Securities, the purpose-built venue
link source - East Midlands Business Link General