Bord Gais Energy Theatre goes on the market for €20m
Published 09/07/2014 | 07:28
THE Bord Gais Energy Theatre has been put on the market for €20m.
It is the biggest theatre in Ireland providing 2,111 seating capacity.
Property advisers CRBE said today it had been instructed by Grant Thornton(statutory receivers Paul McCann and Stephen Tennant appointed by NAMA) to sell the theatre.
It was initially opened as the Grand Canal Theatre but was renamed in March 2012 as part of a naming rights agreement with Bord Gais Energy which is in place until 2018.
The theatre comprises a six storey over basement building extending to about 10,882 sq metres and has a frontage looking out over Grand Canal Square.
Since it's opening, it has hosted 1,178 performances including the Lion King, Wicked, War Horse and Swan Lake.
In 2013 it generated over €8m in revenues, up 6pc on the previous year and is profitable.
It was designed by internationally renowned architect Daniel Libeskind and constructed by Sisk.
The theatre is operated by international entertainment firm Live Nation.