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News Release

London

JLL Retail & Leisure team comments on Odeon sale


​Commenting on the announcement that owners Terra Firma are putting the Odeon cinema chain up for sale, Stuart Burdon-Bailey, Director in JLL's out of town Retail and Leisure team, said: "There may be some surprise in the market that Terra Firma have put Odeon up for sale now, rather than waiting towards the end of 2015 for the benefit to profit of the projected increase in cinema ticket sales for this year. It is difficult to predict who will purchase the company as interest will come from many quarters, however I would predict that the purchaser may not be UK based. The change in equity ownership should not affect the current growth and acquisition strategy of the Odeon company.

"We are currently seeing significant growth in new cinema development.  This year there will be 27 new cinema sites and 182 screens opening, compared to 9 sites and 56 screens last year.  This highlights that buoyancy and growth in the cinema market is very much returning post-recession."