The USA-based advisory and investment company Oak View Group, which has been involved in major arena development projects such as the Key Arena in Seattle, Washington, has announced it will be expanding its operations into Europe.
OVG International will be based in London, UK, and tasked with exploring arena and stadium development and partnership opportunities in the UK, Europe, Asia, and the Middle East, and is said to be already in advanced discussions on a number of projects.
“Oak View Group is growing rapidly, and we’re delighted to welcome seven exceptional executives to our team as we launch OVG International. Our aim is to create a new generation of state-of-the-art entertainment facilities. Our venues will be an elite class in terms of fan experience, artist experience and technology and will provide an unparalleled platform for the activation of global brands,” said Tim Leiweke, co-founder and chief executive of Oak View Group.
“The live events market has grown significantly in the USA since Oak View Group launched three years ago, and we see a huge opportunity to drive similar growth internationally by creating world-class experiences in world-class arenas.
“We look forward to extending the Arena and Stadium Alliance to like-minded venues outside North America and to announcing more about OVG International’s plans soon.”