A global leader in live sport and entertainment, AEG Europe, has received approved planning permission for a new state-of-the-art 8,500-capacity arena in Edinburgh Park.
The Council announced the decision after the application was put forward with a recommendation for approval following an extensive initial planning consultation period during which the submission was met with a wide range of support. The owners of London’s iconic The O2 Arena and Uber Arena in Berlin are working with award-winning developers and site owners Parabola, on the new arena, which will span 18,500sq m of regeneration project area of Edinburgh Park to the West of the Scottish capital.
AEG Europe’s latest venue investment is expected to bring an estimated £520M per annum in gross value to the Edinburgh economy. It is also estimated that the arena would inject a further £83M per annum back into the local economy, through the more than 700,000 visitors the arena is expected to attract each year, based on external assessment, it will also create more than 1,000 operational jobs in and around the Arena.
Alex Hill, President and CEO of AEG Europe said: “We are delighted to have been granted planning consent for a cutting-edge new venue for Edinburgh. Having worked closely with City of Edinburgh Council, we strongly believe the arena will deliver huge benefits to the city throughout every stage of the building’s life cycle – from development to completion, for years to come when we’re bringing the world’s best artists to the Scottish stage.”
