Lawyers in Manchester have secured the £3m funding and lease for the London Pleasure Gardens Limited – bringing one piece of the Olympic entertainment jigsaw a step closer to being complete.
The London Pleasure Gardens Limited is creating a ‘cultural hub’ in East London which is the site of the Last Olympic Mile. The once derelict site is set to support the cultural legacy of the games.
The Pleasure Gardens will become a multi-functional venue with a 60,000sq.m waters side leisure park featuring both year-round attractions and seasonal spectaculars on the site of Pontoon Dock. It will comprise elements like a concert stage, floating hotel, restaurant and cocktail bar, a riverside terrace and landscaped walkways and wild gardens.
The team behind the project has a history of creating unusual productions like Shangri-La at Glastonbury as well as community engagement events and artistic commissions for a wide range of clients – arts organisations, festivals, corporate clients and local councils.
Chris Eddlestone is head of the National Hospitality & Leisure Industry Group at Squire Sanders and is based in Manchester office of the firm. He was the lead advisor alongside Senior Associate Jonathan Brooke and lawyers from the commercial, banking, corporate, licensing and property teams in Manchester.
He said, “Now that we’ve secured the funding and lease for the site, our client’s innovative plans can now be turned into reality”.
“It is exciting for us to have been so closely involved in a project that will help to put culture at the core of the Olympics. We firmly believe that our client will go on to fulfill their ambition to create a world class business and leisure destination.”