Cambridge College’s wealthiest school is placing the long-term lease of London’s O2 area up on the market.
Trinity, which ranks amongst Britain’s greatest landowners, acquired the location in 2009 for a reported £24m.
The O2, which shrugged off its ‘white elephant’ standing within the aftermath of its disastrous debut in 2000, has since change into one of many world’s main leisure venues.
Operated by Anschutz Leisure Group, it has performed host to a wide selection of music, theatrical and sporting occasions over almost 1 / 4 of a century.
The chance to amass the 999-year lease is more likely to enchantment to long-term earnings funding funds, with actual property funds saying they anticipated it to fetch tens of thousands and thousands of kilos.
Trinity Faculty purchased the lease from Lend Lease and Quintain, the property corporations which had taken management of the Millennium Dome web site in 2002 for nothing.
The faculty was based by Henry VIII in 1546 and has amassed an unlimited property portfolio.
It was unclear on Friday why it had determined to name in advisers at this level to undertake a sale course of.
Trinity Faculty Cambridge didn’t reply to 2 requests for remark.
