Andrew Lloyd Webber to buy London’s St James Theatre
Andrew Lloyd Webber’s Really Useful Theatres Group is to buy London’s St James Theatre.
A statement from RUT said it had signed an “exclusivity agreement” with Entertainment and Media Group – which currently owns and manages the St James Theatre in Victoria – “for the sale and purchase” of the venue.
It added that the deal was subject to “due diligence and final contract”. A figure for the cost of the sale has not been disclosed.
Buying the St James Theatre would give RUT its seventh theatre in London. Its stable of current venues includes the Adelphi, the Cambridge, Her Majesty’s, London Palladium, New London and the Theatre Royal, Drury Lane.
The St James Theatre opened in September 2012 and has two spaces – a 312-seat main house and a 120-seat studio space.
It is currently run by executive producer Robert Mackintosh, with creative director James Albrecht, but it has not been confirmed whether the current management team will remain with the venue once the sale is approved.
The Daily Mail has previously reported that Lloyd Webber would be keen to turn the venue into a home for developing new musicals.
Earlier this year, Cameron Mackintosh revealed plans to turn the Ambassadors Theatre into a home for regional transfers.
We need your help…
When you subscribe to The Stage, you’re investing in our journalism. And our journalism is invested in supporting theatre and the performing arts.
The Stage is a family business, operated by the same family since we were founded in 1880. We do not receive government funding. We are not owned by a large corporation. Our editorial is not dictated by ticket sales.
We are fully independent, but this means we rely on revenue from readers to survive.
Help us continue to report on great work across the UK, champion new talent and keep up our investigative journalism that holds the powerful to account. Your subscription helps ensure our journalism can continue.