AEG Presents, citizenM and Hyatt will move into the £1.3bn regeneration scheme from 2023.
Yoo Capital and Deutsche Finance International (DFI) – together the investors in and developers of the £.3bn regeneration of Olympia London into a world-leading cultural destination – announce three major agreements with leading names in entertainment and hospitality, marking the first occupies to commit to the landmark scheme, four years ahead of its scheduled completion.
With construction work underway at the 14-acre site, live entertainment company AEG Presents, global hotel group Hyatt and affordable luxury lifestyle and hotel brand citizenM have all signed long-term agreements to operate out of the west London venue.
Yoo Capital and DFI are also in advanced talks with other potential occupiers with strong interest being show for the development’s four-screen arthouse cinema, 1500-seat theatre, restaurants, shops, cafes, hotel and 550,000sq ft of office and co-working space.
CBRE and Cushman & Wakefield are joint advisors on the leasing. Owen Pritchard, Executive Director, EMEA Hotels at CBRE said: “We are extremely pleased to have supported Deutsche Finance International and Yoo Capital in securing two market leading hotel operators that will further enhance the allure of Olympia as a world-leading cultural and entertainment destination.”
Chairman of Yoo Capital, John Hitchcox, commented: “It’s been a challenging year for the events, live entertainment, retail and hospitality sectors – but having these three partners on board is a real positive for London and a clear indication of confidence in both the city and this iconic landmark as a destination for culture and creativity.”
