THE 21,000-CAPACITY Manchester Arena has been bought as part of a £436 million deal by property investment trust Secure Income Reit.
Included in the deal is the venue’s 1,000-space car park and offices, along with pubs and hotels in the portfolio of current owner Mansford – also a property investment firm.
“It is a unique asset sitting on top of a multi-million pound transport hub, so we are thrilled at getting the chance to own it,” says Secure chairman Nick Leslau, who adds the company may seek a naming rights partner for the arena.
“Sponsorship is something that is current and it would be difficult to envisage a world class asset without a sponsor.”
The venue, which attracts one million visitors annually and is managed by SMG Europe, was bought by Mansford in 2013 for £82m. Shows at the arena include Sam Smith, Arcade Fire and Katy Perry.