Empire Cinemas signs lease in the largest covered retail destination in Dorset.Empire Cinemas has signed a 25-year lease with LGIM Real Assets to open at the Dolphin shopping centre in Poole. The proposed nine-screen attraction will be the first multiplex in the town centre. Together with four new restaurants, it will create a strong daytime and evening attraction for the south coast town.
Planning permission is being sought to redevelop the former Argos store and adjoining units into a new-build cinema complex, complete with four casual dining restaurants. Due to open at the end of 2018, the scheme, at the heart of the shopping centre, will help generate more vibrancy and appeal for the town centre as a whole.
Poole is a major holiday destination and tourist spend within the Dolphin centre is consistently high. Subject to final planning approval, one of the nine screens will be open-air on the rooftop, giving a memorable experience for holidaymakers and locals alike.
LGIM Real Assets bought the largest covered shopping centre in Dorset in 2013 and is working on an 18-month improvement programme that will be completed at the end of 2018. It recently reached agreement with the Borough of Poole to restructure the existing headlease arrangements into a single, longer lease unlocked a £26 million programme of investment. The improvement programme will focus on an internal mall refresh, as well as improvements to the open-air Falkland Square and Kingland Crescent including work to the public realm and eye-catching shop facades.
Covering some 530,000 sq ft, the Dolphin Centre is home to over 100 retail, restaurant and leisure brands from independent boutiques to top national names. It is anchored by Marks & Spencer, Primark and Beales department store, and is home to popular brands such as River Island, New Look, Next, Boots, Clarks and Pandora.