Chinese investor wants to turn Leiria Cinema City into a new mall

Chinese investor wants to turn Leiria Cinema City into a new mall

Millennium bcp sold Cinema City Leiria to a Chinese investor, who intends to maintain the cinema and create a new shopping center in this space.

According to Jornal de Leiria, the operation was concluded in December for less than 12.7 million euros (the value for which it was initially put up for sale).

The buyer intends to endow the property with other valences, such as catering and entertainment for children. Currently, this complex has 7 cinemas, more than 700 parking spaces, 34 shops and a restaurant area.

Nuno Quitério, from Remax White House, who sold the property, reveals that the new owner wants to “give new life” to the complex and boost all spaces. This is a foreign investor, who already has other businesses in Portugal, and this will be his first investment in Leiria, according to the same source.

Now follows the process of licensing the adaptations to be made in the shopping centre.

The same newspaper recalls that Cinema City Leiria was on sale several times. The initial investment represented 30 million euros.

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