Luxury cinema brand Showcase Cinema de Lux to open at Buchanan Galleries

2 April 2014

The Buchanan Partnership, a joint venture between Land Securities and Henderson Global Investors, has signed global cinema brand Showcase Cinema de Lux to the new Buchanan Galleries development, scheduled to open in 2017.

The proposed 10 screen cinema will anchor the leisure element of the scheme, further strengthening Buchanan Galleries' position as the dominant shopping and leisure destination in Scotland.

As well as airing the latest films, satellite broadcasts and the best in music, arts and events, the new Showcase Cinema de Lux will feature a VIP gallery bar and lounge, plus a lobby bar and lounge which will ensure visitors to Buchanan Galleries are entertained through the day and night.

The cinema will offer upgraded XLR (extra leg room) seating in several screens, as well as a large format XPlus screen with premium gallery seating, to deliver a fully immersive film experience. Each screen will boast cutting-edge audio visual technology including Sony Digital 4k projectors and the very latest Dolby digital surround sound.

The new Buchanan Galleries will deliver 1.2 million sq ft of retail, leisure and restaurant space to the heart of Glasgow, and will be anchored by two major flagship stores - a new 150,000 sq ft Marks & Spencer, and a reconfigured 300,000 sq ft John Lewis department store.

Buchanan Galleries will be home to more than 100 shops and 25 restaurants as well as the state of the art Showcase Cinema de Lux. Located in the existing retail heart of Scotland's largest city, which has the highest level of retail spend outside London, the newly extended centre will give national and international brands a rare opportunity to gain a prominent foothold in a city, renowned for its fashion, culture, food and style.

John Grimes, Leasing Director at Land Securities, said: "For Showcase Cinema de Lux, one of the leading international and UK cinema brands, to choose Buchanan Galleries for its next venue is a great vote of confidence in both the scheme and Glasgow. Glasgow is already ranked as the top retail destination in the UK outside London's West End, and this deal will consolidate this position still further."

"We are thrilled to introduce Showcase Cinema de Lux to Glasgow and to partner with Land Securities on this exciting project," noted Shari E. Redstone, President, National Amusements, Inc. "We have found that movie-goers really enjoy the unparalleled level of entertainment experience that only Showcase Cinema de Lux can deliver, and we fully expect the Buchanan Galleries to be one of the most successful cinemas in the UK.

-Ends-

For further information please contact:

Land Securities Group PLC
Molly Neal
T: +44 (0)20 7024 5460
Molly.Neal@landsecurities.com

Notes to editors:

Land Securities is the UK's largest commercial property company and a member of the FTSE 100. The company owns and manages more than 26 million sq ft of property, from shopping centres to offices.

The retail portfolio totals £5.35 billion, comprising shopping centres, retail parks and leisure schemes across the UK, attracting more than 350 million customer visits every year. With 18 shopping centres in major retail locations including Trinity Leeds, St Davids Dewi Sant in Cardiff, and Princesshay, Exeter; 16 retail parks; 3 outlets; 3 standalone leisure assets; and 16 prime leisure and entertainment schemes, Land Securities is shaping the future of retail.

www.landsecurities.com

Henderson Global Investors is a leading property asset manager with c. £12.7 billion (as at 31 March 2013) of property funds under management across Europe, Asia and the US.

Having specialised in retail property for over 30 years, Henderson has a strong reputation for its retail expertise. It has been involved in some of the best-known and largest retail schemes across the UK and Europe.

Showcase and Showcase Cinema de Lux are owned and operated by National Amusements, Inc., a world leader in the motion picture exhibition industry operating more than 940 screens in the US, UK, Brazil and Argentina. National Amusements delivers a superior entertainment experience under its Showcase, Showcase Cinema de Lux, Multiplex and UCI brands. Based in Massachusetts, National Amusements is a closely held company operating under the third generation of leadership by the Redstone family. National Amusements is also an equal partner in the online ticketing service, MovieTickets.com, and is the parent company of both Viacom and CBS Corporation. For more information, please visit www.showcasecinemas.co.uk, follow @showcasecinemas or search 'Showcase Cinemas UK' on Facebook.

Luxury cinema brand Showcase Cinema de Lux to open at Buchanan Galleries
  • Luxury cinema brand Showcase Cinema de Lux to open at Buchanan Galleries
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