The O2 is the largest leisure and entertainment complex in Europe and is the world’s most successful venue. The O2 includes a 23,000 seat arena, a 60,000 sq ft Exhibition Centre, a 2,300 seated Music Club and a 500,000 sq ft Entertainment District with over 25 bars and restaurants.
A globally respected brand, it is now the world’s number one entertainment venue and a catalyst for one of London’s biggest regeneration areas. Its impact has been enormous in terms of commercial success, and a genuine source of national pride.
Montagu Evans have assisted in the transformation of the Millennium Dome into one of the UK’s most recognisable success stories and been heavily involved with the scheme since inception. We provided consultancy advice for the period leading up to the opening of The O2 in June 2007 and were subsequently retained on all property related matters, including planning, management and as their letting agents.
Our leasing team ensured the scheme was fully let on opening. Advice was also provided in relation to phase II of the scheme, which will lead to a further 100,000 sq ft of retail space.
In 2015 Montagu Evans advised AEG on the joint venture with Crosstree to complete the 02 transformation with a designer outlet village that will develop out the 205,000 sq ft addition to this world renowned leisure scheme.
We continue to advise on all property matters and are retained as managing agents for the entire scheme where our asset management initiatives have raised rents from approximately £30.00 psf to £100.00 psf.
Our rating team are also retained to advise on all rating matters and have saved them circa £600,000 in business rates over the life of the revaluation.