VUE EYE UP GLASGOW FOR NEXT MOVE
Morisons Solicitors has concluded a deal on behalf of Vue Entertainment which will see a new multiplex open in Glasgow’s St Enoch Centre.
The new nine screen venue will be developed at the site of the former BHS store to the rear of the Centre. Representing a multi-million pound investment, the new facility will create a significant number of new full and part-time jobs. The venue is scheduled to open in 2019.
Andrew Warren, Real Estate Team Partner with Morisons, who worked closely with UK Law firm Irwin Mitchell in securing the deal said, “This is great news for Glasgow city centre and it is anticipated it will provide the catalyst for further food outlet openings attracted by the increased footfall generated by the venue.
“The new venue is the ninth Vue facility to open in Scotland and compliments the existing operation at Glasgow Fort. The leisure industry continues to be buoyant for the commercial property sector and following the election, this is a further indicator that hopefully we can look forward to a more sustained settled period with less business uncertainty.”
The new Vue forms part of a phased redevelopment programme currently underway by St Enoch’s landlords, Blackstone and their Operating Partner, Sovereign Centros, which will include a reconfiguration of the existing mall and the development of a new additional dedicated restaurant area.
Morison’s Real Estate Team is active in the commercial property leisure sector and recently also concluded the purchase of the Holiday Inn Express in Picardy Place in Edinburgh on behalf of IHL for £17.7m. Further information is available from< Back