Kinepolis expands in Spain with acquisition in Almería and agreement to operate new cinema to be built in Madrid
19 September 2024, 7:00 a.m. CET
From October 1, 2024, Kinepolis will operate a cinema in the commercial centre Mediterráneo, in the city centre of Almería. This cinema, currently called ‘Cine Monumental’, has 10 screens and 2,608 seats. It concerns a rented cinema, without acquisition of the cinema property.
After this acquisition, Kinepolis will operate a total of 11 cinemas in Spain, including four cinemas in the province of Andalucía. Indeed, besides Almería, the Group also has two cinemas in Granada and one in Málaga.
In addition, Kinepolis also signed an agreement for a brand new, rented cinema of up to 12 screens in Madrid, in a commercial centre yet to be built right next to the airport. This centre will be the largest outdoor commercial centre in Spain, located in the Valdebebas neighbourhood, which is in full residential development.
Eddy Duquenne, CEO of Kinepolis Group: “We are delighted to expand our Group again soon, with two cinemas that fit perfectly into our portfolio and our expansion strategy. We entered the Spanish market in 1998 with the opening of the then largest cinema in the world, Kinepolis Ciudad de la Imagen in Madrid, and since then have continued to invest in the introduction of numerous cinema technologies and concepts that take the cinema experience to the next level. We look forward to doing this in more cinemas, offering movie lovers the ultimate movie experience.”
Contact
Kinepolis Press Office
+32 (0)9 241 00 16
pressoffice@kinepolis.com
About Kinepolis
Kinepolis Group NV was formed in 1997 as a result of the merger of two family-run cinema groups and was listed on the stock exchange in 1998. Kinepolis offers an innovative cinema concept which serves as a pioneering model within the industry. In addition to its cinema business, the Group is also active in film distribution, event organization, screen publicity and property management.
In Europe, Kinepolis Group NV has 63 cinemas spread across Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland and Poland. Since the acquisition of Canadian movie theatre group Landmark Cinemas and American movie theatre group MJR Theatres, Kinepolis also operates 36 cinemas in Canada and 10 in the US.
In total, Kinepolis Group currently operates 109 cinemas worldwide, with a total of 1,131 screens and more than 200,000 seats. Kinepolis’ employees are all committed to giving millions of visitors an unforgettable movie experience. More information on www.kinepolis.com/corporate.
