Birmingham City Council in talks to sell parts of NEC Group
Rumours have surfaced regarding Birmingham City Councils potential plans to sell parts of the NEC Group in a review of current retail assets in light of "wider budget challenges"
Cash-strapped council makes plans to sell-off parts of NEC Group
Birmingham City Council have announced they will be reviewing their ownership of buildings within the NEC Group, including the National Exhibition Centre (NEC), the National Indoor Arena (NIA) and the LG arena, in a bid to ease budget challenges.
The LG Arena alone boasts a capacity of up to 14,000 people. But after a review of their commercial holdings, the council may still decide to sell the venues to private buyers.
The council has disposed of assets to the value of £76m over the past two years consisting mostly of excess land and office accommodation.
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