London and New York are the two most important cities in the world for theatre. They attract huge numbers of visitors and sell an incredible amount of tickets. London’s place at the top of the list and ability to attract the biggest shows could be secured too with the announcement of a new theatre on the banks of the Thames. Let’s have a closer look here to see what the project will involve. Then, if you have assets and want to explore services like guaranteed rent in Greenwich, you can trust us.
Plans
The headline is Greenwich Peninsula will soon become home to one of the largest theatres in London. The plan is to create a huge new venue with two auditoriums, each with 1,500 seats. As a result, it will sit alongside the Barbican, the Royal National Theatre, and London Coliseum as the biggest theatrical venues in the city.
The project, officially Troubadour Greenwich Peninsula Theatre, got planning permission from the council at the start of February. It will be on the eastern side, close to the cable car station. The estimate is construction will begin in the summer. Then, if it progresses smoothly, it should take around nine months to complete.
Enhancing London’s theatre landscape
The decision to give permission for the new theatre got a lot of support. Critically, it was praised as “a welcome addition” to the cultural offering in the area. It could have a huge impact on visitor numbers and the amount of people that want to live in the area. If you decide to invest, talk to us about guaranteed rent in Greenwich.
Troubadour said it is “a major milestone” for them and will be “an exciting new chapter” for theatre productions in London. Even more importantly, it will allow them to “deliver unforgettable experiences for audiences”.
In addition, Troubadour said the new theatre will benefit local schools and communities. They have a Trust that receives 50p from every ticket sold at their venues. This money funds workshops and ticket schemes, giving locals more opportunities to enjoy theatre.
The future
An interesting thing to note here though is the new theatre won’t be permanent. The planning approval gives permission to use the site for 10 years. The long term designation for the plot is to use it to build residential tower blocks. This is part of the broader masterplan for Greenwich Peninsula.
Speak to us about guaranteed rent in Greenwich
London is one of the best cities in the world if you consider the amenities and cultural offering. Whether you love theatre, sport, art, history, fashion, food, or almost anything else, you can find things to do here. It makes it a great place to live and visit. This is very attractive to investors.
If you have assets in London, or are thinking of investing, it’s a good idea to consider your options. One thing in particular to think about is guaranteed rent. It’s a fantastic service that works for all parties, including property owners, councils, and local people. We’re happy to explain how it works and the benefits.
So, get in touch if you want to discover more about guaranteed rent in Greenwich. We’re one of the leading experts in London, able to share our experience and help clients decide what to do with different assets.
