Worsley Investors Secures New Curno Cinema Lease
Why we think this is neutral
The RNS announcement details a new lease agreement for the company's cinema complex in Curno, Italy, but does not contain any of the mandatory news types that would require a more detailed analysis. The news appears to be a positive development, but without financial figures or other key details, the overall sentiment is neutral.
Key Points
- New lease agreement for Curno cinema complex
- Notorious Cinema S.r.l. to operate the cinema
- Notorious to refurbish the multiplex's viewing halls and facilities
- Initial lease term of 31 August 2035 with option to renew for 8 more years
Summary
The retailer has secured a new lease agreement for its cinema complex in Italy, with the new tenant planning to refurbish the facilities.
Worsley Investors Limited has entered into a new lease agreement with Notorious Cinema S.r.l. for the operation of its cinema complex in Curno, Italy. The new tenant plans to undertake a transformation of the multiplex's viewing halls and other facilities. The lease will have an initial termination date of 31 August 2035, with Notorious having a unilateral right to renew for a further eight years.
GENERAL UPDATE