Morisons concludes deal for new Glasgow multiplex cinema
Morisons Solicitors has concluded a deal on behalf of Vue Entertainment which will see a new multiplex cinema open in Glasgow’s St Enoch Centre.
The new nine-screen venue will be developed at the site of the former BHS store to the rear of the Centre. Representing a multi-million pound investment, the new facility will create a significant number of new full and part-time jobs. It is scheduled to open in 2019.
Andrew Warren, real estate team partner with Morisons, worked closely with UK law firm Irwin Mitchell in securing the deal.
Mr Warren said: “This is great news for Glasgow city centre and it is anticipated it will provide the catalyst for further food outlet openings attracted by the increased footfall generated by the cinema.
“The new cinema is the ninth Vue facility to open in Scotland and compliments the existing operation at Glasgow Fort. The leisure industry continues to be buoyant for the commercial property sector and following the election, this is a further indicator that hopefully we can look forward to a more sustained settled period with less business uncertainty.”
The new Vue forms part of a phased redevelopment programme underway by St Enoch’s landlords Blackstone and their operating partner Sovereign Centros, which will include a reconfiguration of the existing mall and the development of a new additional dedicated restaurant area.