Emirates Airline has been announced as the naming rights sponsor of one of Britain’s tallest landmarks outside London - Spinnaker Tower in Portsmouth.
Emirates will be the first ever sponsor of the Tower which will be rebranded as Emirates Spinnaker Tower from July, the Dubai-based airline said in a statement.
The new agreement which will span five years and is worth £3.5 million will see Emirates’ red branding running up the length and breadth of the Tower.
The Emirates Spinnaker Tower is situated on the waterfront in Portsmouth, 100km from London Gatwick and London Heathrow, where Emirates operates a total of eight daily flights.
Soaring 170 metres high, the tower is the centrepiece of the £38 million ‘Renaissance of Portsmouth Harbour’ redevelopment project, combining stunning views by day or night.
Portsmouth is renowned for its rich naval and maritime history with the Emirates Spinnaker Tower designed to honour this heritage by representing sails billowing in the wind.
The prominent new branding is expected to be in place in time for the arrival of the America’s Cup World Series in Portsmouth from July 23-26. Emirates already has close ties with the America’s Cup, as sponsor of Emirates Team New Zealand, one of the challengers for the 35th America’s Cup.
In addition to the airline’s UK based sport sponsorships Emirates is also the sponsor of the Emirates Air Line, London’s popular cable car across the Thames. In total Emirates invests over £70 million into its various UK sponsorship properties each year.
Sir Tim Clark, president, Emirates Airline and Councillor Donna Jones, Leader of Portsmouth City Council, announced the new partnership 105 metres in the air.
“As the most prominent landmark in Portsmouth we are honoured to be the inaugural sponsor of Emirates Spinnaker Tower,” said Clark.
“This sponsorship represents our vested interest in the UK where we currently operate 16 daily flights and where we are responsible for injecting and stimulating over £2.1 billion into the country’s GDP each year.
"Part of the reason that this sponsorship opportunity was so appealing to us is that it will enable the local City Council to reinvest this partnership money into the local community, something that we are proud to be able to support.”
Cllr Jones added: "I am delighted we have agreed this partnership, Emirates is one of the most prestigious brands in the world and this association can only benefit Portsmouth.
"With the financial situation the council faces we have to think creatively about how we can achieve the maximum income potential from our assets, and this is just one of several deals we are working on. The money this sponsorship brings in will help reduce the need for cuts to vital services such as social care and those things communities value so much like libraries, community centres and leisure facilities."
The UK is Emirates’ largest European market with 112 weekly flights spanning the breadth of the country via six gateways including; London Heathrow, London Gatwick, Birmingham, Newcastle, Manchester and Glasgow.
Spinnaker Tower is part of the World Federation of Great Towers, working in partnership with 48 other viewing towers worldwide. The iconic building is celebrating its 10th birthday throughout 2015 with a series of events planned to mark the special occasion.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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