Freeths Advises on Sale of Business Design Centre to London International Exhibition Centre Holdings

Freeths LLP, a national law firm, has advised BDCG Holdings Limited on its successful sale to London International Exhibition Centre Holdings plc (Excel). BDCG Holdings owns the iconic Business Design Centre (BDC) in London, a major venue for conferences and exhibitions that attracts over 900,000 visitors annually. The BDC spans a 4.5-acre estate and is renowned for hosting events such as the London Art Fair. The venue is Grade II listed and holds the freehold for a Hilton Hotel in Islington, London. The buyer, Excel, is a subsidiary of Abu Dhabi-based ADNEC Group, which also owns Excel London and ADNEC Centre in Abu Dhabi. This acquisition supports ADNEC's long-term strategy to invest in London's event and business tourism sectors. A notable team from Freeths, from areas including corporate, tax, real estate, trusts, and employment, assisted in the transaction. The deal marks a significant move in the MICE industry in London.