Nomura may still bid for the Dome

There is speculation that the bank may return to the bidding table as a backer for Pierre-Yves Gerbeau, the former Dome chief executive.

The private equity arm of Nomura might still be in the running for the Millenium Dome following the government’s decision to remove preferred bidder status from the Legacy Consortium.

Former Dome chief executive Pierre-Yves Gerbeau has approached Guy Hands, managing director of Nomura’s Principal Finance Group, according to the Daily Telegraph. There has been speculation for some time that Gerbeau may have the backing of Nomura. However a spokesperson for the bank told PEO that the story was pure speculation.

Nomura pulled out of the bidding for the Dome in December last year. At the time, the group said its bidding vehicle Dome Europe hadn’t been given access to PricewaterhouseCoopers’ report on the Dome's finances and other vital documentation which was believed to have influenced its decision. There were reports of disputes with suppliers to the complex and the group was said to be unhappy with the maintenance of the building.

Guy Hands said at the time: “This was a very difficult decision to make but in the circumstances we had no alternative.”

The 127-acre site on which the Dome is built is thought to be worth £400m if the attraction were demolished.