Light Cinemas Acquires Multiplex Cinema Within Cambridge Leisure
Established cinema operator The Light has announced the acquisition of the successful, nine-screen multiplex cinema in the centre of Cambridge from UK market leader Cineworld.
The cinema is part of Land Securities’ Cambridge Leisure development, located on Clifton Way, which is home to a bowling alley, hotel, two supermarkets and a range of restaurants and comprises a total area of over 185,000sq ft. The Light is funding the acquisition with a £5.2M growth capital investment from Connection Capital. In addition to the acquisition of the cinema in Cambridge, the investment will be used to fund the roll-out of further sites across the UK in Bolton, Sheffield, Thetford, Dundee, Stockport and Walsall, all of which are secured under a signed agreement for lease.
Keith Pullinger, CEO of The Light said: “We are really excited to be launching The Light in Cambridge, our second cinema in Cambridgeshire and to have the opportunity to provide a high quality cinema experience to everyone in Cambridge.”
Queensgate Lands New Brands
Lend Lease and Invesco have announced handmade burger Co, the specialist gourmet burger restaurant, is to open in Queensgate.
handmade burger Co’s 3,942sq ft restaurant, set across two floors in The Old Still in Queensgate’s Westgate Arcade, takes to eight the number of brands to have committed to Queensgate in the first year of Invesco’s ownership and Lend Lease’s asset management of the centre. Joining handmade burger Co is Tiger with a 3,085sq ft store on the upper level, adjacent to John Lewis. Also on the upper level is Lakeland’s new store, an upsize and relocation from the town centre which opened last autumn. Bodyshop has also opened a store and Trespass is currently fitting out a 2,514sq ft unit opposite Lakeland.
In total, 17,471sq ft of new brands has been added to Queensgate’s line-up in the past year.
King’s Quarter to Open by 2018
Developer Stanhope has appointed Chapman Taylor to transform Gloucester City Centre, through the design of a city centre regeneration scheme providing new shops, public realm and a new multi-storey car park, all linked to a new transport hub.
The milestone project for the city, will offer more than 150,000sq ft of new retail and leisure space to further enhance Gloucester’s reputation as a shopping and tourist destination. Stanhope Director Martyn Chase said: “The city council has shown enormous commitment to the scheme by acquiring the land from Aviva and Stanhope is equally determined to deliver the project as our appointment of Chapman Taylor demonstrates.”
Stanhope is hoping to start building work in early 2017. The company says it remains committed to opening the new development for Christmas 2018.
Debut City Entrant Secured for Steward Building
TIAA Henderson Real Estate has secured Anthropologie, COS and Hotel Chocolat for its Stewart Building in London.
Anthropologie and COS will take the anchor stores of 510sq m and 404sq m respectively. It represents a debut into the city market for Anthropologie, marking its fourth UK store.
The Steward Building is owned by TH Real Estate’s Central London Office Fund. Located close to the edge of the Spitalfields Market site, it comprises a new 5,300sq m mixed-use scheme. It incorporates three retail units fronting Brushfield Street and 4,300sq m of grade A office accomodation with additional roof terraces overlooking Bishops Square. The office accommodation, attracting strong interest from potential occupiers, was also launched recently.
Hunter’s New Flagship Delivers a Unique Experience
Music Concierge and sister company Kaleidovision have joined forces to realise the vision of Hunter’s Creative Director Alasdhair Willis, at the brand’s new flagship store on London’s Regent Street.
Transforming Hunter’s from a simple wellington boot company to a full-blown brand, Willis wanted a groundbreaking, truly immersive retail experience that engaged customers whilst helping to define the brand. Bringing together unrivalled expertise in digital in-store design, the agencies have jointly conceived, developed and implemented a unique environment to heighten the customer experience.
Shoppers at the new 5,000sq ft store are confronted with a stunning focal point in the form of a 5m-high LED videowall running through the three-storey building. This is fully optimised by Kaleidovision using innovative techniques to represent the new vision sought by Hunter, and it is matched by complementary aural soundscapes and a bespoke music concept created by Music Concierge.
Commenting on the store, Andy Pitman, Kaleidovision Managing Director summarised: “It is the result of joined-up thinking that only two distinct content specialists operating under a single management structure could bring. It has enabled us to deliver some real surprises and create a truly immersive experience and talking point for shoppers.”