Yarrells Property has represented Cinesa, Spain’s largest multi-screen cinema exhibitor in the renegotiation of the terms of its lease in the Manoteras leisure complex in northern Madrid.

Yarrells Property, as part of a broader real estate stragtegy and cost cutting review it is performing for the cinema group, advised and conducteed negotiations on behalf of its client with Landlord, German open ended fund AXA Inmoselect, to reach an agreement that reposition the lease taking into account current market circumstances and is considered a win win for landlord and tenant.

April 2014