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ASM Global expands into Portugal with LX Factory Venue operations
June27
US Venue management giant ASM Global has furthered its European expansion by securing operations of
US Venue management giant ASM Global has furthered its European expansion by securing operations of two live event spaces at LX Factory in Lisbon, marking the company`s first venture into Portugal.
The 23,000 sqm site, housed within a converted factory complex in the Alcantara area, offers a variety of independent Portuguese retail concepts, dining options, outdoor bars, live music, cultural events, and art installations.
ASM Global will now oversee operations of the two premier venues, Fabrica XL and Fabrica L, which together boast a standing capacity of 2,870. Additionally, ASM Global will manage the associated outdoor bar, terrace, and gallery spaces, providing food and beverages to visitors.
David Arié of Grupo Arié and Jonathan Willén of Europi Property Group, joint venture owners of LX Factory, stated, “We are delighted to announce this exciting partnership for the Events venues within LX Factory. This is a major milestone, closely aligned with our ongoing investment into the wider LX site. We firmly believe that delivering a high quality events space will significantly improve LX Factory’s offering, for both local and international visitors alike. Working with a globally renowned partner like ASM will help us to deliver that vision.”
Over the past year, ASM Global has expanded its presence in Sweden, entered Finland, and experienced ongoing growth in Italy and Germany.
Chris Bray, president of ASM Global Europe, commented, “We’re proudly solidifying our position as market leader across Europe. In the past year alone we’ve continued to expand in Sweden where we are market leader, we’ve entered Finland, celebrated ongoing expansion in Italy and Germany and now, a major contract win which brings us into Portugal. This growth is a credit to our fantastic team who are the very best at what they do, to our reputation as the world’s best in venue expertise and management. We have big plans across the UK and Europe, and this latest news marks an exciting next step in that journey.”
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