AEG has announced plans to open a new 8500 capacity arena venue in Edinburgh. The live giant has confirmed a deal with Parabola, the property firm that is developing the Edinburgh Park business park to the West of the Scottish capital where the new arena will be built.
Says the CEO of AEG Europe, Alex Hill: “AEG is THRILLED to announce this spectacular new arena for Edinburgh. It’s a location with immense potential, amplified by Parabola’s transformative development and regeneration of Edinburgh Park".
"The much needed 8500 capacity arena will bring world-class live music and entertainment to Edinburgh", he goes on, "further cementing its reputation as a destination for culture and global tourism. We look forward to this development becoming an integral part of the local community and complementing one of the best cities in the world for the arts and live entertainment".
Parabola founder Peter Millican adds: ”Parabola is delighted to be working with AEG in the delivery of such an iconic venue for the city. This investment will complement all that is on offer at Edinburgh Park and ensure that the arts and culture has an outstanding live performance facility. The new Edinburgh Arena will put west Edinburgh on the map as a new cultural destination".
A planning application for the new arena will be submitted to City Of Edinburgh Council in the next few weeks. AEG hopes to begin work on the new building in 2025 with the first events then taking place in 2027.
