From Blueprint to Blockbuster: Exhicon Signs Landmark Deal to Launch Messe Global Arena in Kharadi

Exhicon Events Media Solutions Limited (EEMSL) has announced that it has entered into an exclusive deal to develop and operate the Messe Global Arena in Kharadi, Pune. This alliance is a milestone for Exhicon, cementing its leadership role in the business of large-format exhibitions and event infrastructure further.

 

The transaction, finalized following board approval, will enable Exhicon to design, develop, and operate the new Messe Global Arena, a multi-purpose world-class events facility, as per a recent development. The complex will provide flexible indoor and outdoor events spaces, including modular hangars, pre-fabricated hospitality suites, and cutting-edge staging solutions, meeting growing demand for high-end event facilities in Pune's rapidly expanding MICE market.

 

Exhicon has invested Rs 50 crore of capital in designing and commissioning these new event venues, with the objective of creating more than 50,000 square meters of flexible event area and an asset life of 15-20 years. This investment is likely to generate handsome recurring revenues in the form of long-term venue leasing, event management, and ancillary services, along with enhancing operating margins and cutting dependence on third-party rentals.

 

Messe Global Arena Kharadi will complement Exhicon's flagship Messe Global Convention Centre and boost the company's capacity to host mass-scale exhibitions, corporate meets, government summits, and live entertainment shows. The project is expected to generate long-term shareholder value and establish Exhicon as a go-to provider of fast-deploy, best-in-class event spaces in India.

 

Source: Business Standard