AEG Europe, owners of The O2 venue in London, are seeking planning approval for an 8,500-capacity arena at Edinburgh Park.
“With unrivalled public transport and motorway access, including two tram stops within an easy walk, two mainline stations, plentiful bus connections and excellent motorway links, the site in west Edinburgh is extremely well positioned to become home to the new live entertainment venue,” said AEG Europe.
Parabola, developers and site owners of Edinburgh Park, have agreed to sell the site for the new venue to AEG.
AEG Europe’s portfolio includes The O2 and Eventim Apollo in London; Barclays Arena in Hamburg; Mercedes-Benz Arena, Mercedes Platz and Verti Music Hall in Berlin; and Accor Arena in Paris.
AEG Europe CEO Alex Hill said: “AEG is thrilled to announce this spectacular new arena for Edinburgh. It’s a location with immense potential, amplified by Parabola’s transformative development and regeneration of Edinburgh Park.
“The much needed 8,500-capacity arena will bring world-class live music and entertainment to Edinburgh, further cementing its reputation as a destination for culture and global tourism.
“We look forward to this development becoming an integral part of the local community and complementing one of the best cities in the world for the arts and live entertainment.”
Parabola chairman Peter Millican said: ”Parabola is delighted to be working with AEG in the delivery of such an iconic venue for the city.
“This investment will complement all that is on offer at Edinburgh Park and ensure that the arts and culture has an outstanding live performance facility.
“The new Edinburgh Arena will put west Edinburgh on the map as a new cultural destination. “
A planning application for AEG’s Edinburgh arena will be submitted to the City of Edinburgh Council in the coming weeks.
It is anticipated that the matter will then be determined within six months, with work expected to begin in early 2025 and the first live events taking to the stage in 2027.
As part of the planning process, public consultation exhibitions will be held at Edinburgh Park.