The Dominion Theatre's General Manager David Pearson said it had been a privilege to have hosted We Will Rock You for the past 12 years, adding:
"To have the show rocking the Dominion and seeing a standing ovation night after night has been quite amazing.
"We wish the show every success for the future, as we now prepare to accelerate our restoration and refurbishment programme ready to welcome an exciting new production in 2015."
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Mayor of London Sadiq Khan is backing the scheme.
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