Excel London, a subsidiary of ADNEC Group, acquired BDCG Holdings Company, the owner of the Business Design Centre ("BDC"), for an undisclosed sum.
BDC is one of the leading trade and exhibition venues located in London. Originally the Royal Agricultural Hall dating back to 1862, the Grade II listed venue now spans a 4.5-acre freehold estate and hosts a wide array of leading events, awards and product launches, as well as long-standing shows such as the London Art Fair, HIX and the Surface Design Show. With over 130 events and more than 900,000 visitors a year, the North London venue is a multiple award winner and the current Exhibition News Venue of the year. In addition to its 6,000 sqm of dedicated event and conference space, BDC also provides over 12,500 sqm of high-quality, let-able space for showrooms, offices and serviced offices. The estate also includes the freehold title to the Hilton Hotel land located in Islington.
BDO provided vendor financial and tax due diligence in support of the transaction.
The project team included:
Vendor financial due diligence: Craig Martin, Andrew Porteous, Stuart Macintyre
Vendor tax due diligence: James Paterson, David McComb