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ASM Global Takes Over Operations Of Portugal’s LX Factory
ASM Global has entered Portugal, by securing operations of the two premier live event spaces at LX Factory in Lisbon, a cultural hub and major visitor attraction in the Portuguese capital.
LX Factory, a converted textile factory in the Alcantara area, comprises a wide range of independent Portuguese retail concepts, dining, outdoor bar spaces, live music, cultural events, and art installations.
Located 10 minutes outside the city centre, the space contains two live entertainment venues, Fabrica XL and Fabrica L, with a combined standing capacity of 2,870. “In addition,” a press release states, “ASM Global will manage the associated outdoor bar, terrace and gallery spaces, delivering best-in-class food and beverage to visitors, who can soak up unbeatable views of the city.”
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The joint venture owners of LX Factory, represented by David Arié of Grupo Arié and Jonathan Willén of Europi Property Group, commented, “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.”
Chris Bray, president of ASM Global Europe, said, “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.”