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National music venue operator McKenzie Group is opening a third site in the capital this September, after completing negotiations with the Marquee administrators to buy the north London club.
However, McKenzie's acquisition--for an undisclosed sum--of the Marquee from BDO Stoy Hayward will not see the legendary club name returning to the live circuit in the immediate future. McKenzie has only acquired a 25-year lease on the building and the Marquee brand name remains with the administrators, who plan to dispose of it separately by private tender.
McKenzie managing director John Northeote says he will rebrand the Islington venue under the Academy banner, to operate alongside other Academy venues it ...