Olympia London continues to cement its status as the venue of choice for premium shows in central London, reports CAPCO.
The venue has had a busy start to 2016 with over 90 events hosted to date including two of the UK’s largest exhibitions, London Book Fair and Ideal Home Show, reflecting its excellent prospects as a central London venue.
As previously reported, Capco has undertaken a strategic review of the Venues business. This review has concluded that, whilst the business is not a long-term core holding for Capco, ownership will be retained as it offers a reliable and growing income stream.
EBITDA for the first half is £10.6 million, up 19.1 per cent compared to the first half of 2015. The valuation of the Venues business, which includes Olympia London property assets and Maclise Road, is unchanged at £295 million.
Source: Capital & Counties Properties Plc Interim Results for the six months ended 30 June 2016