HQ Theatres will assume operation of the New Theatre in Cardiff from July.
The deal was meant to take effect in March last year but was delayed due to the pandemic, Wales Online reports.
Cardiff New Theatre, currently run by Cardiff Council, has been trying to find a private owner since 2014.
HQ said it will “invest significantly to protect the building for the future”.
The company acts as the operator of 11 venues across the UK that now belong to Trafalgar Entertainment following an acquisition at the end of March.
Published: 25-05-2021