Players in Electric Gamebox, Southbank

Startup gains investment to bring gaming to shopping centres

Count Brookfield Asset Management among the investors in its new funding round Electric Gamebox thinks it can one-up real-world shopping. The London-based startup, which creates interactive gaming centers for malls, yesterday announced an $11 million Series A2 funding round. Count mall giant Brookfield Asset Management, via its Retail Revitalization program, among the investors. The funding will fuel Electric Gamebox’s expansion in the US and UK, including 100 new locations in the next two years and 1,000+ by 2026; it currently has four. Brookfield plans to level up malls with game rooms…

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Broad Street Cinema

Reading’s Broad Street Mall cinema could open in just four weeks after police u-turn

A new independent cinema could open its doors at Reading’s Broad Street Mall in just four weeks. Indie cinema company Really Local Group have been preparing to open Reading Biscuit Factory since early 2020, and were left ” baffled” when the police and council objected to their plans. But both authorities have now withdrawn their objections, leaving the cinema opening on track for four to eight weeks’ time. A spokesman for Reading Borough Council said: “Objections have been withdrawn. All parties are in agreement, so the meeting has been dispensed with.”………

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Barton Square, Trafford Centre - Seth Whales via Wikimedia Commons

Peel takes control at Barton Square

Landowner Peel L&P has completed the purchase of the 350,000 sq ft retail and leisure complex, built as an extension of the Trafford Centre before its £1.6bn sale in 2011. Barton Square was put on the market through Savills last year, with bids in excess of £50m invited. Peel, the original developer of both Barton Square and the larger retail centre, was reported to be under offer for the mall in March. The value of the deal remains undisclosed. Mark Whittaker, Peel L&P’s director of property investment and management, said:…

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