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Curtains close: Kirby family sell Sorrento cinemas

Finance Markets / Latest Activity

Australia

Nov 02 2017

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Marc Pallisco, The Sydney Morning Herald

It is the end of an era in cinema ownership circles, with Village Roadshow founders and owners the Kirby family disposing of two picture theatres, including a historic ex-hall in Sorrento which it controlled for more than 70 years.

The dynasty is understood to be banking more than $10 million for the assets, occupied long-term by the entertainment giant, and offered to investors with leasebacks of 10 years with options.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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