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

NewcastleGateshead convention centre plans in funding knock back
The Chief Executive of city marketing agency NewcastleGateshead Initiative tells CN that long-held plans to build a convention centre on the banks of the Tyne will not be... ...read more
Fiona Pelham receives honorary degree from Leeds Met University
Fiona Pelham, events expert and MD of companies Positive Impact, Sustainable Events and Organise This, has received an Honorary Doctorate from Leeds Metropolitan... ...read more
Sayer named new Commercial Services Director at The O2
London venue The O2 has appointed Steve Sayer as its new Commercial Services Director. ... ...read more
Sticky Wicket 2014 raises £37.5k for Lord’s Taverners
The great and the good of the UK events industry turned out in their hundreds at The Hub in London’s Regent’s Park, 23 July, to support the 16 teams... ...read more
QEIICC awards PR brief to Custard Communications
London’s Queen Elizabeth II Conference Centre (QEIICC) has awarded Custard Communications its PR contract as the venue, this month, continues its extensive... ...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 | Directory | Subscribe | Print Magazines | Contact Us
© 2008 - 2014 Mash Media Group