13th July 2017
VUE CINEMA SIGN FOR GLASGOW CITY CENTRE MULTIPLEX
Sovereign Centros, acting as Operating Partner and Asset Manager for Blackstone Real Estate Partners, have signed VUE Cinemas to anchor their 90,000 sq ft East End leisure development at St Enoch Shopping Centre in Glasgow.
VUE will operate a new 9 screen digital cinema in 30,000 sq ft. In addition to the cinema, 8 restaurants and 35,000 sq ft of new retail & leisure space will be created.
Once completed, the redevelopment which is housed within the existing roof structure in the former BHS store, will be Glasgow city centre’s only dedicated food and leisure destination and will act as a further catalyst to regeneration of the East End of the city.
The East End Development is one of a series of initiatives forming Sovereign Centros’ business plan for the centre, and follows the recent refurbishment of the centre’s food court as well as publication of their redevelopment plans for St Enoch centre’s Argyle Street ownership for the creation of new flagship stores.
The development will open to trade in Summer 2019.
Paul Bailey, Asset Management Director at Sovereign Centros commented; “We are delighted to have secured VUE’s commitment to anchor our East End development. The new VUE cinema and restaurants, where we are already in solicitors’ hands with a number of operators, will add to the continued improvement of St Enoch and the creation of the all-round shopping and leisure destination in Glasgow city centre, providing a completely new and complimentary offer all under one roof.
We look forward to making further announcements regarding restaurant pre-lets over the Summer, and to announcing some exciting progress regarding Argyle Street in the very near future”.