NEWCASTLE’S 11,250-capacity Utilita Arena will close in 2023, once a new 12,500-capacity venue has opened, says the operator of both, SMG Europe
Designed by HOK architects, the new £260 million arena complex will be located opposite the Gateshead Millennium Bridge on the banks of the River Tyne in Gateshead Quays.
”We are enjoying a really strong period of trading at the Utilita Arena, the venue has a new sponsor and is attracting some great shows,” says SMG Europe business development director Tom Lynch.
“The new arena is a long way off, but there will not be two arenas in Newcastle.”
The development by Ask Real Estate and Patrizia UK will also include conference and exhibition spaces as well as hotels and restaurants.
SMG Europe executive vice-president John Sharkey says, “This ongoing commitment and investment, allied to the vision and ambition from Gateshead Council and AskPatrizia, demonstrates a very clear bellwether for the regional economy and the attractiveness of the events sector in Newcastle and Gateshead.”
The project received £5 million from the Government’s Local Growth Fund through the North East Local Enterprise Partnership.
Artistes playing Utilita Arena include Kiss, Little Mix and Liam Gallagher.