As we know that the new owner of Men Arena is property development in a join venture in May. They already guessed the benefits of the investmentA new 25-year organization lease agreement with SMG has triggered a £9m-plus rise in the venue's value.
according to the firm's latest results. The rest of its portfolio rose by 3.1 per cent during the six months to June 30, during which the company overturned losses of £19.1m from a year earlier and posted pre-tax profits of £800,000.
The Arena – Europe's largest indoor venue by seating capacity which attracts over a million visitors yearly - was the firm's biggest achievement last year and it is exploring options to add retail concessions and food and drink outlets, possibly along with a budget hotel.
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