The Prince Charles Cinema in London's West End is facing dire circumstances due to proposed new lease terms from its landlord, which include a significant rent increase and a term that could force the cinema to vacate with just six months' notice. The cinema, noted for being one of the last independent theaters in central London, argues it is being unfairly pushed out by the landlord, Zedwell LSQ, amid fears of redevelopment. Criterion Capital defends the raise as standard practice and states it is open to negotiation, though the cinema perceives it as a threat to its survival and the local economy.
"Losing the Prince Charles Cinema would mean losing not just an iconic cultural institution, but also an engine for the economy of the West End..."
"The terms of a new lease were standard practice and not unreasonable," stated Criterion Capital, justifying the high rent increase.
Collection
[
|
...
]