The Prince Charles Cinema, a renowned independent cinema in London, is facing potential closure as it battles its landlord, billionaire Asif Aziz's Criterion Capital. With a lease expiring in September 2025, the cinema claims the landlord is attempting to intimidate them into unfavorable lease terms, including a redevelopment break clause that could result in eviction with only six months' notice. The cinema has garnered significant public support through a petition, reflecting widespread concern over the preservation of independent cinema amidst increasing redevelopment pressures in central London.
We are disappointed that our landlords Zedwell LSQ Ltd and their parent company Criterion Capital have decided to make our lease renewal more challenging.
The cinema believes its landlords are using significant financial resources to intimidate us and have continually rejected requests for negotiation.
After launching a petition, more than 18,000 people signed in support for the Prince Charles Cinema, showing community backing against redevelopment.
Asif Aziz, the billionaire developer behind Criterion Capital, is threatening to add a break clause that could leave the cinema homeless with just six months' notice.
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