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

Birmingham to host Museums Association event in 2015
The International Convention Centre Birmingham is to host the Museums Association Annual Conference and Exhibition for the first time next year.... ...read more
Media 1 Productions expands Stateside
Cheshire-based international conference and event producer Media 1 Productions has expanded its operations with the opening of a US office in Tucson, Arizona.... ...read more
Thorns restructures executive team
Thorns Group, the UK supplier of equipment, services and expertise to the events and conference sectors, has restructured its executive team, “to prepare for the... ...read more
Bournemouth to welcome GMB back after 25 years
BH Live, venue group and provider of conference services, is set to welcome the trade union GMB back to its Bournemouth International Centre for the first time since the... ...read more
Mackenzie and Hayden join Zibrant: it’s official
Caroline Mackenzie and Susan Hayden, both formerly of Contendam, the agency which has gone into liquidation less than a year after an MBO led by Rob Harrison, have been... ...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