London could get its largest theatre since the National was built in 1976.
Trafalgar Entertainment, the theatre operator owned by the impresario millionaire Sir Howard Panter, has taken a 35-year lease on the Olympia theatre site, part of Yoo Capital’s £1.3bn regeneration.
Trafalgar has plans for a £100m, 1,575-seat venue over five levels, with six bars, 17 VIP boxes and more than 70 toilets.
Panter, who founded the Ambassador Theatre Group, said: “Developments of this nature are what is needed to regenerate city centres. How are we going to get people back together again if we don’t create spaces that are worth going to?”
If successful the deal includes the right to extend the lease by a further 35 years.
