The Prince Charles Cinema (PCC), a cherished two-screen indie in London, faces redevelopment threats from landlords Zedwell LSQ Ltd and Criterion Capital, demanding excessive rent and a concerning break clause. The cinema's management expresses discontent over this stipulation, interpreting it as an intention to evict them under the guise of redevelopment. In response, the PCC plans to engage in legal efforts to contest the unreasonable valuation and secure their future. Remarkably, the cinema thrives, attracting around 250,000 moviegoers yearly with a robust program of films, underscoring its significance within London’s cinematic culture.
We are disappointed that our landlords Zedwell LSQ Ltd and their parent company Criterion Capital have demanded the inclusion of a break clause that would require us to vacate the premises at six months' notice, should they receive planning permission to redevelop the building, which we interpret as a clear intention to do so.
The Prince Charles 'intends to tirelessly pursue legal proceedings to contest the landlord's valuation, in order to secure renewal at market rate and safety from any redevelopment projects.'
Despite difficult times for many cinemas, The PCC is booming. Its annual programme of more than 850 films and events pulls in 250,000 punters a year, without a penny in public funding.
It's a key part of London's cultural landscape and the fight for its survival should a boost an army of film lovers - and filmmakers.
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