Regent Arcade signs Metro Bank as work gets underway on luxury boutique cinema
Works have started on the creation of a 22,000-sq ft Tivoli boutique cinema, scheduled to open in the Regent Arcade shopping centre in Cheltenham next spring.
At the same time owners Canada Life Investments announced it had exchanged contracts on a 13,000-sq ft unit at the front of the centre to Metro Bank for its own occupation. The unit is currently let to River Island.
Cushman & Wakefield is letting agent on the 200,000-sq ft shopping centre .James Merrett, partner, retail services, said: “It is great to see that work has begun on the Tivoli cinema which will open its doors to the Cheltenham public in spring of next year. Metro’s arrival will provide a much-needed boost for the town centre in today’s challenging retail climate.”