Industry News

ICG completes purchase of OVO Arena Wembley from Quintain

Quintain, the developer and asset manager behind Wembley Park, has completed the sale of London’s OVO Arena Wembley to fund manager Intermediate Capital Group.

The sale was first reported back in July and Quintain confirmed yesterday (Wednesday) that the deal has been completed. Financial terms of the sale were not disclosed but it had been reported that Quintain was seeking £50m (€57.5m/$57.5m) for the sale of the arena, which has a capacity of 12,500 and is operated by ASM Global.

To read the full article, visit TheStadiumBusiness.