Also visit: mashmedia.net | c-mw.net | exhibitionnews.co.uk | exhibitionworld.co.uk
Search

QEII Conference Centre to be sold by 2012

Share
article:
Share on LinkedIn Email Print View
QEII Conference Centre The Government’s Budget statement confirms that the QEII Conference Centre is to be sold, although a Communities and Local Government spokesperson says “current market conditions preclude any immediate sale”.

Last year’s pre-budget report (PBR) concluded that there was no public policy justification for the Government to continue to own the QEIICC.

“We expect disposal to take place before the middle of 2012 at the latest. In the interim the conference centre will continue to operate on a ‘business as usual’ basis and will continue to enter into contracts up until this date,” the CLG spokesperson says.

A group of property experts is to undertake a development study to explore redeveloping the site. However, tough planning considerations are likely to mean that the existing conference business will be the model at the centre for the foreseeable future.

QEIICC chief executive Ernest Vincent tells conference-news that the centre is trading well and views the Government’s plan for a sale as “all about best value for the taxpayer”. He reports the financial year to April has seen a net surplus of around £3m.

Running government property more effectively could save £5 billion in 10 years, according to advisers who drafted an Operational Efficiency Programme for the government.

British Waterways, the Dartford Crossing and the Land Registry are other state assets the Government is looking to sell as it tries to shore up public finances.

22 Apr 09

Hollyrood gets power to set Air Passenger Duty
The Scottish Tourism Alliance has welcomed the recommendation, made by the Smith Commission on 27 November, that control of Air Passenger Duty be devolved to Scotland.... ...read more
BVEP call for industry to respond to government initiative
The BVEP is urging maximum industry engagement into a survey being undertaken on behalf of the Department of Culture Media and Sport, into how government can support... ...read more
St Ives Group launches events agency SEE
The St Ives Group’s Service Graphics print division has launched a full service meetings, events and experiential agency,... ...read more
Snoozebox launches portable hotel
The new, redesigned Snoozebox portable hotel was officially unveiled in London, 27... ...read more
Compass points to healthy profits and new Twickenham deal
Compass group, the world’s biggest caterer, has revealed a jump in profits thanks to strong demand in North America and emerging... ...read more

News Archive
Partners & Associations
I.C.C.A
Conference Centres of Excellence
Meetings Industry Association
VENUEmasters
International Confex
Conference and Meetings World
Conference News - Online
Conference News Supplement - Online
Mash Media
Home | News | Features | Blogs | Events Diary | Recruitment | Directory | Subscribe | Print Magazines | Contact Us
© 2008 - 2014 Mash Media Group