The change follows a long-term agreement granting FIVE Holdings full operational management of the Brooklyn Mirage and the adjacent Great Hall complex. The partnership combines the local legacy of the recapitalised Avant Gardner with the global experience of Pacha, whose influence has shaped dancefloor culture for more than five decades.

" New York - the financial and cultural capital of the world - represents more than a market expansion for FIVE and Pacha; it marks a defining moment in our global journey. This move reflects the strength of our vision, the resilience of our platform, and our ambition to help shape the future of entertainment on a global stage. We are entering a city that influences how the world thinks, creates, and connects - and we do so with bold imagination, long-term commitment, and the confidence to build destinations that resonate far beyond their physical walls. For us, New York is not simply a new chapter - it is a statement of intent about the scale of our aspirations and the cultural impact we are here to create. "

Kabir Mulchandani - Chairman and Chief Executive, FIVE Holdings