According to CapCo’s annual financial report, released 29 February, The Brewery was sold on 9 February 2012 for a consideration of £2m, deferred for up to 10 years with minimum payments of £200,000 per annum.
CapCo has not disclosed the new owner's identity. A spokesperson for The Brewery told EN no further statement would be issued and it was business as usual.
The net asset value of the Brewery at the date of sale was £400,000. According to CapCo, the venue contributed £800,000 to net rental income in 2011.
The Brewery is a corporate events venue based in the City of London. The venue rebranded last year with a new logo and website in a bid to showcase the service and team behind the venue, rather than the space itself, its management said at the time.
The Association of Event Organisers (AEO), Association of Event Venues (AEV) and the Event Supplier and Services Association (ESSA) have joined together to launch a three-year research study into the UK exhibitions and live events sector.