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Sadlers Wells to open new London dance venue

5 November 2013 Last updated at 17:31 GMT

Sadler's Wells plans to create a new venue it hopes will help establish London as a global centre for dance to rival New York and Paris.

The search has begun for the site of the 500-seat theatre, which could open as early as 2018.

Sadler's Wells' artistic director Alistair Spalding said the plan was a result of frustration with not having a medium-sized venue to stage work.