The EUR 50 million Futuroscope Arena located near Poitiers, France, has successfully reached financial close.
The arena was developed by NGE Group and Mott MacDonald acted as technical advisor to the lenders, Deutsche Pfandbriefbank AG and Arkea Banque Entreprises et Institutionnels.
The new 6,000 seats multipurpose indoor facility will be located on the site of the 30-year old Futuroscope theme park and will host basketball competitions, concerts and cultural events.
Mott MacDonald carried out due diligence during the scheme’s financing stage which included reviewing the project’s design and construction methodology, and contracts. The consultancy will now provide technical, design and construction monitoring services in an ongoing role up to the project’s completion.
Nicolas Rigout, Mott MacDonald’s project manager, said: “This new sport and cultural facility demonstrates the ability of private and public entities to develop ambitious projects under a PPP scheme in France. The project will involve mainly local contractors contributing to the economic dynamism of the territory.”
The Futuroscope Arena will enter commercial operation in February 2022.