Feb 222016
 

Yarrells Property has represented Cinesa, the largest Cinema exhibitor in Spain in the renegotiation of it’s lease terms in Festival Park Mallorca.

After a process of some 18 months of negotiation the parties finally agreed terms to ajust critical clauses in the lease contract in return for a significant reduction in the base rent.

The excellent synergy between Yarrells Property and Cinesa has resulted in close to 10MM€ of savings in rental commitments.

November 2015