CBRE brings to market portfolio of eight cinemas including Clydebank asset
Global real estate advisor CBRE has been appointed to sell a cinema portfolio, which encompasses eight establishments across the UK.
One of the cinemas is in Clydebank, with the others located in other parts of the UK.
The portfolio features a diverse mix – two boutique Tivoli cinemas, five expansive multiplexes, and one classic cinema. Potential buyers have the flexibility to purchase them collectively, individually, or in select combinations.
Beyond the cinemas, CBRE is also offering the fully-functional head office situated in the heart of Leicester Square, which is on a peppercorn rent for the next three years.
Toby Hall, senior director, operational real estate at CBRE said: “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.”