October 10, 2016

New Owners for Theatre District

Punch Retail and Leisure has acquired the Theatre District from UGS on behalf of Otium Real Estate for £16.7M. Otium will now begin a comprehensive refurbishment programme to enhance the 1990’s scheme. In addition the area is undergoing a major development with a new cinema and art gallery and 130 bed Premier Inn which opens June 2017.

The asset is already anchored by the 1,400 seat Theatre with upto 12,000 customers a week. Existing tenants include TGI, Zizzi, Bella Italia and Revolucion De Cuba. Discussions have already begun with new tenants to take space and interested occupiers should contact Punch on 01908 311517.