Tuesday, 13 September 2016

A Cinema in Central Coming Soon

A cinema is planned to replace the space previously occupied by HMV
There are plans for a cinema to be located in a prime Central location, at the bottom of Lan Kwai Fong.

Emperor Group, the entertainment conglomerate owned by Albert Yeung Sau-shing, will lease a two-storey space in the Entertainment Building for HK$1.2 million per month.

It will take over the space previously rented by HMV on the third and fourth floors, occupying more than 16,000 square feet.

There will be a cinema as well as fine dining restaurants, according to real estate agents. It will also be a venue for investment banks or insurers to hold premiere parties.

The interior of HMV when it was in Entertainment Building
"A cinema generally cannot support such high rents through selling tickets," says Michael Chik, managing director of agency Sheraton Values.

Another intriguing fact is that the building is owned by a venture with Angela Leong, the fourth wife of casino tycoon Stanley Ho, as a major shareholder.

It's interesting this space, that was previously retail, is going to be turned into an entertainment one. Landlords also seem desperate to rent out space too, and so they are open-minded about new ideas. Perhaps they can only fit one screen in there, so there is only a limited amount of money the cinema can make.

Nevertheless just the idea of being able to watch a movie in such a convenient location is too interesting to pass up.

2 comments:

  1. Did you go watch movies at Queen's Theatre when it was open? I never did because it never seemed to show a movie I wanted to watch!

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    Replies
    1. Haha! I meant to go and I never went either!

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