UK cinema | OzSeeker

UK cinema giant ‘screens’ buyers for autumn sale

6th July 2019 OzSeekercinema investment, UK cinema, Vue International

Britain’s third-biggest cinema chain is to kick off an autumn auction ‎that is likely to value it at more than £2bn and spark a frenzy of interest from industry rivals. Sky News has learnt that Vue International, which operates just under 900 screens across the UK, will launch a formal sale process in the autumn. Any deal, which could take several months to conclude, is likely to value the 26% stake of Vue’s management – led by chief executive and founder Tim Richards – at more than £500m. City sources…

Colchester: ‘cliffhanger’ over shopping centre cinema operator

2nd July 2019 OzSeekerColchester, shopping centre, shopping centre cinema, UK cinema, UK retail

Film fans have been left with a cliffhanger over which cinema operator is to move into the long awaited Tollgate Village leisure and retail complex. Work on the £70 million complex in Stanway is due to start next year. But the Tollgate Partnership Limited, which is behind the plans, has not revealed which cinema operator is has lined up. The Gazette approached major operators Vue, Empire Cinemas, Cineworld and Odeon to see if they were interested in opening a venue at the new Stanway complex. Vue, Empire and Cineworld ruled…

artist impression of proposed cinema at Gyle shopping centre, Edinburgh

Edinburgh shopping centre extension to add cinema and leisure

13th June 201913th June 2019 OzSeekerEdinburgh, Scotland, shopping centre, shopping centre cinema, UK cinema, UK retail

Plans have been submitted to extend the Gyle Shopping Centre and build a new six or seven screen cinema, along with other facilities. A new food and drink hub, an extension of the retail and leisure space in the current front car park and relocation of the bus and taxi facilities are all part of the plans drawn up by Threesixty Architecture. Plans submitted for an extension to the Gyle Shopping Centre by Threesixty Architecture – new retail & leisure units, 6-screen cinema (~800 seats), revamped food court & relocated…