Award-winning developer Parabola has agreed to sell the site, located in Edinburgh Park, to AEG.
The new 8,500-capacity arena will bring world-class live music and entertainment to Edinburgh.
AEG Europe, owners of iconic venue The O2, has today announced plans for a major new investment in Edinburgh. The industry-leading promoter and venue operator is seeking planning approval for an 8,500-capacity arena in the heart of Edinburgh Park.
With unrivalled public transport and motorway access, including two tram stops within an easy walk, two mainline stations, plentiful bus connections and excellent motorway links, the site in west Edinburgh is extremely well positioned to become home to the new live entertainment venue.
Parabola, award-winning developers and site owners of Edinburgh Park, has agreed to sell the site for the new venue to AEG.
Alex Hill, President and CEO of AEG Europe, said: “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 8,500-capacity arena will bring world-class live music and entertainment to Edinburgh, 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.”
Peter Millican OBE, Chairman and Founder of Parabola, said: ”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 AEG’s Edinburgh arena will be submitted to the City of Edinburgh Council in the coming weeks. It is anticipated that the matter will then be determined within six months, with work expected to begin in early 2025 and the first live events taking to the stage in 2027.
As part of the planning process, public consultation exhibitions will be held at Edinburgh Park.
-ENDS-
Media enquires can be directed to communications.team@aegeurope.com.
About AEG Europe:
AEG Europe creates communities, places and spaces that deliver memorable moments through live entertainment and sports, giving the world reason to cheer.
AEG Europe is a subsidiary of AEG, the world’s leading sports and live entertainment company. AEG Europe’s extensive portfolio of live entertainment and sports assets across the region includes: an array of best-in-class venues, such as The O2 and Eventim Apollo in London; Barclays Arena in Hamburg; Mercedes-Benz Arena, Mercedes Platz and Verti Music Hall in Berlin; and Accor Arena in Paris; as well as renowned music festivals, including American Express presents BST Hyde Park in London and Rock en Seine in Paris. Our venues host some of the world’s best sports events and are home to prestigious sports franchises, including AEG’s own Berlin Eisbären ice hockey team at the Mercedes-Benz Arena.
Colleagues across Europe work together to create world-class live entertainment and sports experiences. AEG’s venue teams develop and operate best-in-class arenas and districts; AEG Presents promotes and manages concerts and tours, oversees renowned venues and produces some of the world’s leading music festivals; AXS Ticketing connects fans to events through specialist technology solutions; and AEG Global Partnerships links corporate brands into the company’s world-leading network of assets.