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The Prince Charles Cinema in Leicester Square has averted closure by securing a 25-year lease, putting an end to a prolonged period of uncertainty. The cinema had been at risk due to complications involving its landlord, Zedwell LSQ Ltd, which is owned by Criterion Capital. This new agreement offers long-term stability, ensuring that the popular venue will continue its operations well into the future.
Criterion Capital’s CEO, Vaq Farooq, expressed satisfaction with the arrangement, describing it as a fair resolution for everyone involved. He stated, “A 25-year commitment provides real security for the cinema and its fans, and we are delighted to be continuing our partnership for many years to come.” Previously, the cinema’s lease was under threat of early termination because of a proposed six-month break clause that was set to take effect at the beginning of 2025. This sparked significant concern among supporters, including a petition initiated by Prince Charles urging the removal of the break clause.
In May 2025, Westminster City Council designated the cinema as an Asset of Community Value, granting it extra protection against redevelopment. Despite this recognition, the cinema’s management announced in August that negotiations had yet to yield a definitive outcome. The situation has since improved, with the Prince Charles Cinema publicly confirming on Instagram that the new lease has been signed.
A spokesperson for the cinema expressed deep gratitude to the 168,645 individuals who signed the petition supporting the venue’s future. They said, “The Prince Charles Cinema is thrilled to announce that we have signed a new 25-year lease with no break clause, ensuring our projectors will keep rolling for years to come.” They went on to acknowledge the collective effort behind securing this agreement, emphasizing their commitment to serving the community for at least the next quarter-century and pledging never to forget the support received during the challenging months
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