CBRE Appointed to Sell UK Cinema Portfolio

Global real estate advisor, CBRE, has been appointed to sell a portfolio of eight cinemas comprising two luxury boutique Tivoli cinemas, five multiplex cinemas and one classic standalone cinema.

The assets are strategically located across the UK in Bath, Cheltenham, Birmingham, Clydebank, High Wycombe, Ipswich, Sutton and Sutton Coldfield and are available to purchase as either a single portfolio, individual sites, or a combination thereof.

The assets are available on a variety of tenures with freeholds, long leaseholds, and occupational leaseholds, providing buyers a fantastic opportunity to leverage some of the real estate post-acquisition.

In addition to the cinemas, the fully operational head office in Leicester Square will be offered as part of the sale, which is on a peppercorn rent for the next three years.

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Toby Hall, Senior Director, Operational Real Estate at CBRE

This is a rare opportunity to acquire profitable, operating cinemas in a market with renowned high barriers to entry. The sale can either act as a platform for parties to enter the sector or allow existing operators to complement their current estate by acquiring individual or multiple cinemas. We have received significant interest from a wide pool of prospective buyers as they look to capitalise on a recovering industry.

Toby Hall, Senior Director, Operational Real Estate at CBRE