Cinema Development Pipeline

RNS Number : 4831P

Cineworld Group plc

25 October 2012

 



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[8.00am release]

25 October 2012

Cineworld Group plc

Cinema Development Pipeline

·      Cineworld opens new seven screen digital cinema in Aldershot

·      Two further cinemas announced towards 2017 target

Cineworld Group plc ("Cineworld" or "the Group"), the UK's number one cinema chain by box office, is pleased to announce the opening this evening of a new cinema located in the new Westgate complex, Aldershot. Tonight the cinema will host VIP guests for a screening of latest Bond film Skyfall before opening to the public on 26 October.

The new cinema in Aldershot will have seven digital screens for both 2D and 3D movies as well as 29 D-box motion seats. On site retail offerings will include Starbucks and Baskin Robbins. The cinema in Aldershot will be located in the new purpose built mixed use development, Westgate, alongside restaurants, retailers and a new hotel. The total development value of the scheme is £60 million.

Cineworld has also recently announced that it will open a six screen cinema in Harlow in 2014 and an eight screen cinema in Newport in 2015.

The opening of this latest cinema and the announcement of these two further cinemas are in line with Cineworld's stated ambition of opening 25 new cinemas by the end of 2017, which will take the estate to over 1000 screens at 105 locations around the country. Cineworld has now announced 14 of these 25 targeted sites.

Stephen Wiener, Chief Executive Officer of Cineworld Group plc, said:

"I am delighted not only to be opening our latest state of the art cinema complex in Aldershot on time but also to have named two more cinemas as part of our plan for 25 new cinemas by the end of 2017. Each new cinema we announce demonstrates the momentum we have in approaching our target and shows that the commercial development market is open to leisure partners focused on delivering a high-quality customer experience."

For further information:

Cineworld Group plc	020 8987 5000		M:Communications	020 7920 2339
Steve Wiener Philip Bowcock			Elly Williamson Matthew Neal

 

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