DERBY, U.K. - TelAve -- The highly anticipated £45.8 million Becketwell Live has reached practical completion with developers St James Securities delivering the venue on time and on budget.

Derbyshire-based construction firm Bowmer + Kirkland recently completed the final stages of construction on the entertainment venue ahead of its opening this Spring. The venue has now been handed over to owners Derby City Council and operators Legends and ASM Global, the world's preeminent premium live events company.

Becketwell Live is set to become a hub of entertainment, attracting audiences from across the region and beyond. Legends and ASM Global have already unveiled a number of events, including beloved British comedian John Bishop, legendary band Wet Wet Wet and acclaimed actress and author Miriam Margolyes.

Built on the site of the former Pink Coconut nightclub on Colyear Street, the new venue will significantly enhance Derby's cultural offering, with a larger, more flexible space than the city centre has had in the past.

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Set to attract an additional 250,000 visitors to Derby each year and generate more than £10m GVA per year for the area, the flexible venue will bring diverse events to Derby, drive the night-time economy and increase levels of investment in surrounding areas of the city centre.

With a capacity of 3,500, made up of a flexible combination of floor seating, retractable bleacher seating and fixed upper tier seats, the venue can host a range of events from concerts, stand-up comedy, exhibitions, and business events.

The Becketwell regeneration scheme is being delivered by Leeds-based property developers St James Securities, who have a track record of delivering successful major regeneration schemes.

In February 2022, Peveril Securities, the development arm of the Bowmer + Kirkland Group, agreed to become funding and development partners for future phases of the Becketwell scheme.

Becketwell Live forms the second phase of the £200m scheme, which is the most significant urban rejuvenation project in the city for more than three decades.

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Commenting on practical completion of the arena, Paul Morris, Development Director at St James Securities, said:

"The completion of Becketwell Live marks a transformative moment for Derby, delivering a world-class venue that will and drive significant economic growth and serve as a catalyst for the city's future regeneration.

Councillor Nadine Peatfield, Leader of the Council and Cabinet Member for City Centre, Regeneration, Strategy and Culture said:

"This is a huge leap forward in the Becketwell journey, bringing us much closer to realising our vision of transforming Derby into vibrant city centre that prioritises and celebrates culture.

"Becketwell Live will provide a significant boost to our city's cultural sector and economy and we can't wait to open the doors to the public this Spring."