newsEarls Court and Olympia (EC&O) owner Capital and Counties claims exhibition business was resilient last year despite uncertainty around the Earls Court Exhibition Centre but warns future performance may be affected by progress on the site masterplan. In its latest financial report, CapCo reported EC&O's revenue hit £57.7m in the year to 31 December 2011, with pre-tax earnings dropping two per cent year-on-year to £18.5m. Highlights included 37 new exhibitions such as Landscape, the London Pet Show and Ideal Home Show at Christmas, the largest launch at Earls Court in 20 years with 80,000 visitors. In addition, Top Drawer, Ideal Home Show and the Speciality and Fine Food Fair reported strong attendances and helped contribute to the strong result, the company said. "The exhibition business performed in line with expectations in 2011. The £20m development of Olympia's West Hall has increased the venue's ability to host simultaneous shows," CapCo chairman Ian Durant stated. The results reflect a strong year across the rest of EC&O rEsults and vEnuE salE annOunCEdand Fulham (LBHF) adopted a new planning policy document, bringing the redevelopment of Earls Court Exhibition Centre a step nearer. The Supplementary Planning Document (SPD) supports the planning policy basis for Sir Terry Farrell's masterplan, likely to be decided on by councillors later this year. Farrell's scheme proposes a 7,500 home development and the demolition of the exhibition venue."This augments the sound planning policy basis for the consideration of the masterplan planning application," said CapCo investment director Gary Yardley. An important first milestone had been reached in February, when CapCo secured planning approval from LBHF for the Seagrave Road car park site.This will now be transformed into a residential quarter with 808 new homes, several of which are earmarked for the relocation of residents from the Gibbs Green and West Kensington estates should CapCo's masterplan be approved. Progress on the masterplan application and improvements to Olympia helped increase the value of CapCo's Earls Court interests from £138m to £195m during 2011, and the market value from £378m to £471m. "In the short term, we expect performance across the venues to continue to be impacted due to the uncertainty surrounding the future of the Earls Court venue," CapCo said in a statement. art13 london show to debut at OlympiaSingle Market Events owner Tim Etchells and Montgomery chief Sandy Angus have once again joined forces to launch a new art fair in London.Art13 will debut at the Grand Hall, Olympia from 1 to 3 March 2013 and aims to showcase the best in international modern and contemporary art. It is expected to feature works from 80 to 100 UK and international galleries. Etchells and Angus were the original founders of Art HK (pictured) four years ago, and sold a majority stake in the event to Swiss-based organiser MCH Swiss Exhibition (Basel) last May. Art HK attracts more than 45,000 visitors annually. "Following the success of Art HK, we feel there is a demand for a quality international art fair in London with a global focus and an emphasis on a social and fun experience," Etchells said. The March timeframe was chosen because it directly followed premiere London events such as the BAFTAs, Brit Awards and London Fashion Week, he explained. Art13 will be headed up by the former fair manager 6 www.exhibitionnews.co.ukof Frieze Art Fair Stephanie Dieckvoss, who also assisted in the launch of Art HK in 2007.Dieckvoss said she is aiming to produce a great experience for collectors and the general public. "We will offer a dynamic and ambitious programme of commissions, lectures and educational programmes, which each year will follow a unifying cultural theme that will truly expand ways of seeing and collecting," she said. "Great importance will also be given to establishing an easy-to-navigate fair."a great many of our international visitors and exhibitors made it to CeBIt thanks to the generous spirit of our local residents. this year's CeBIt was marked by a strong sense of determination, in many different ways.- Ernst Raue, the Deutsche Messe managing board member in charge of the CeBIT annual technology trade show, refers to support of local residents in transporting visitors to this year's exhibition after a Hannover tram strike disrupted services to and from the venue.CapCo's portfolio, which includes Covent Garden and a joint venture across Great Portland Estates. CapCo also revealed it sold off its interest in The Brewery events venue on 9 February for £2m, deferred for up to 10 years with minimum annual payments of £200,000. CapCo has not disclosed the new owner's identity. CapCo's immediate priorities are to secure planning consents for the wider Earls Court masterplan. These received a boost last month when the London Borough of Hammersmith
newswww.exhibitionnews.co.uk 7UBM reports profit spike across eventsUBM has reported a 44.6 per cent annual profit hike across its events business in the year to 31 December 2011. The news came as the organiser announced four fresh acquisitions outside of the UK. UBM's events profits were up to £135.2m over the 12-month period, while revenue rose 23.7 per cent to £360.7m. Overall the company, which also operates as a publisher, saw revenues rise 9.3 per cent in 2011 to £972.3m, together with a 17.5 per cent rise in operating profits to £201.9m. "An outstanding performance from our Q4 biennial events capped off a year of consistent delivery in which all our businesses met or exceeded their targets," said UBM's CEO David Levin. "We anticipate continued underlying growth and a positive performance across the business while recognising continuing uncertainties of the global economy." During the year, 49,000 exhibitors attended UBM's events, an increase of 32 per cent, while square metreage across its annual portfolio increased by 30 per cent to 1.2 million sqm and visitor numbers were up by a quarter to 1.52m. UBM now holds events in 31 different countries including Turkey, Malaysia and Vietnam, up by 10 from 2010. In July, UBM acquired Ecobuild for a potential £51m. Levin highlighted the acquisition as reflecting company strategy as a "fast-growing, world-leading event in the attractive sustainable design and building construction sector, which has performed consistently, has excellent geo-adaptation opportunities and has global synergies with our existing built environment business."As part of its expansion strategy for Ecobuild, UBM will take the show to India next year. The show will be at the Bombay Exhibition Centre in Mumbai in April 2013 and follows the launch of Ecobuild China, which debuts this April. UBM has also made a string of trade show acquisitions to further its international ambitions. The list include export-oriented furniture trade show the Malaysian International Furniture Fair (MIFF). UBM also acquired a 70 per cent equity stake in newly-formed joint venture Shanghai UBM ShowStar Exhibition, which owns Chinese dental industry exhibition DenTech China. As a complement to similar events in Bangkok and Kuala Lumpur, UBM has acquired Renewable Energy India from Exhibitions India Group. UBM's fourth purchase was US-based Insight Media, which owns the annual Airport Cities Expo (ACE). UBM said revenue on all four is expected to exceed the purchase price in the first full year of ownership. In BrIefTarsus' life in Turkey Tarsus has agreed to purchase a 70 per cent stake in Turkish exhibition organiser Lifemedia Fuarcilik A.s. ("Life Media"), nearing its aim to make half of all revenues from emerging markets by 2013. The firm will pay an initial fee of £10.44m (TL30m), with estimated deferred payments of a further £5m due next year. The deal was brokered by Mayfield Media strategies and will bring Tarsus' share of profits from emerging markets to 43 per cent. Life Media, established in 1997, owns two annual exhibitions in Istanbul: Zuchex (september); and Ideal Home Fair (April). The company also publishes related trade journals. Founder Irfan Tiras will continue to manage the business after its acquisition.Good food previewed wiTh pop-up evenTBBC Haymarket pre-empted its first show at Glow, Bluewater in April with a one-off event in the retail mall on 16 March. Celebrity chefs James Martin and Olly smith were on-hand for an experiential 'taster' event to herald the launch of the BBC Good Food show spring at Glow. The pair hosted short demos for guests and also signed autographs for fans. Glow, Bluewater venue director Rebecca Cardozo said the pop-up event highlighted the benefits of holding experiential shows at the retail-based venue. "we are unique in being able to offer organisers the opportunity to bring their events to life in advance," she said. "such 'tasters' are a very effective way for organisers to raise awareness, create excitement and anticipation and drive ticket sales."ideal home opened by prince charlesThe 104th Ideal Home show was given a royal opening after HRH Prince of wales cut the ribbon for this year's proceedings. The Prince of wales accompanied TV presenter and architect George Clarke on a tour of the show, including the food pavilions and a private tour of the Prince's Arts and Craft's show House. The low energy eco-home was designed by The Prince's Foundation. The Ideal Home show also featured a grass-roofed, water-submerged design of the home of the future. The Great exhibition 2012 cancelledThe organiser of The Great Exhibition 2012 has cancelled its summer launch after running out of time to stage the event in Peterborough.The exhibition, which was conceived to champion the UK's historical achievements through both consumer and B2B elements, has encountered major difficulties since being announced at its original venue Stoneleigh Park in 2010. Event founder and CEO Julie Benson's attempts to get The Great Exhibition off the ground were initially complicated by the emergence of a similarly-themed and titled event produced indirectly by the Government. The event was also the target of a legal challenge from the London Organising Committee for the Olympic and Paralympic Games (LOCOG) over the use of '2012' in the event title. The challenge was later withdrawn.But it was the lack of suitable space in Peterborough and personnel changes at Peterborough City Council that delayed key decisions and eventually sank the physical show, according to Benson."The ever-rising cost of the suppliers we required, redundancies at Peterborough and a lack of confirmation on the land, meant we had to look long and hard at the offering for 2012," she told EN. The event was expected to attract £40m for local Peterborough businesses.In its place, Benson will now stage a virtual event on 12-28 August themed 'Great Britain - Great Future'. The digital event comprises 12 regional pavilions, a high street of the future, two audiovisual feeds and a 'Greats Pavilion Gallery' featuring UK icons voted for by the public."Just as The Great Exhibition 1851 reflected the seismic shift in industry and technology in the 20th century, the Virtual Great Exhibition 2012 will showcase Great Britain online, reflecting the seismic shift of industry and technology in the 21st century," said Benson.