etc.venues invests £4.3m To Expand Their Bishopsgate Venue

etc.venues invests £4.3m To Expand Their Bishopsgate venue

etc.venues is the leading provider of urban non-residential event venues in the UK and New York City. They are investing £4.3m so they can double the size of its highly successful venue at 155 Bishopsgate in London. This will add an extra 20,000 sq.ft. of exclusive conference space on the second floor. Also there will be escalator access from the existing event space on the first floor, therefore creating 40,000 sq.ft of venue space.

In the recent press release, Nick Hoare, Managing Director of etc.venues was quote saying…

“Following the news of our acquisition by Convene, we start the partnership as we mean to go on – by expanding rapidly. Our UK and New York City businesses have thrived since the end of the pandemic and bookings for 2023 are strong so we are keen to bring more space to this buoyant market.”

Nick Hoare went on to say…

“This is just the beginning. Convene and etc.venues has an extensive pipeline for London and the US. However, the newly combined UK businesses offer a platform for European expansion via M&A, organically and working with forward thinking landlords on providing building amenities.”

Tracy Halliwell MBE, Director of Tourism, Conventions & Major Events for London said in the press release…

“The demand for business events space in London is growing strongly, as we are bringing in so many major events. It is a superb testament to its current and future prospects that etc.venues, already one of the major providers of first class conference, meetings and training facilities in The City, has the confidence to invest significantly in expanding this venue. It’s exciting news for all of us.”

The full press release with more information can be downloaded by clicking the button below