Antonsen, E. H. et al. eds., The Grimm Brothers and the Germanic Past

Leisure property trends: Is it the end for multiplex anchors?

“…Also certain is that the box-office income of individual cinemas, on average, has not increased since 1996, and may well fall slightly over the next few years as more multiplex screens come on stream. There is also a risk that income per cinema will rise more slowly than the guaranteed rents provided for in a majority of multiplex leases, confirming the threats to investment returns previously identified by Sayce et al 28 None of these predictions, however, amounts to a 'meltdown' (subject to the caveat that some revision -of yet undetermined scale -is probable in the wake of the US attacks). Continuing growth in aggregate visits and box-office spending is predicted, albeit at lower rates than during the recent past.…”

Leisure property trends: What is driving occupier demand?

“…Sayce et al 33 similarly indicates a fall of between 3.6 per cent and 15.5 per cent in cinema rents between 1998 and 2000. Savills suggest that cinema rents in the third quarter of 2000 were £24 per square foot in London and ranged between £10 and £16 per square foot elsewhere.…”

“…In addition to the obsolescence risk, Sayce et al 13 argues that a lack of alternative users for large leisure units could adversely affect rent reviews by restricting the amount of open market evidence, or deter assignment where occupiers of equal financial standing cannot be found.…”