LONDON (CelebrityAccess) — AEG Europe and real estate development company Crosstree Real Estate Partners announced plans for a significant expansion at the O2 in London.
According to Music Week, the new development will be anchored around 50,000 square feet of new high-end movie theater space to be operated by Cineworld, that will be available for premieres and events.
As well, the expansion includes 30,000 feet of space for a new trampoline park to be operated by Oxygen Freejumping, which operates 10 similar parks in the UK, including three in London.
“This site, coupled with the ongoing Designer Outlet Village development, will complete the loop of space around The O2 arena," said Alistair Wood, development manager for AEG Europe. "Together they will deliver a further four to five million visitors per annum to The O2 each year.
"The cinema has gone from strength to strength since it opened and we are delighted Cineworld are extending their partnership with us. We are also very pleased to have Oxygen on board, the UK’s leading trampoline park operator. Trampolining appeals to a broad demographic and will further diversify the leisure mix offered at The O2, to complement the retail offering which will open in Q4 2018.”
Construction for the new expansion is slated to start in late September and conclude in early 2019.