Monday, 2 November 2015

The Odeon: clarification

I posted at the weekend about the sale of the Odeon in Clerk Street to the G1 group.  They have indicated a focus in their plans is on cinema and restaurants.

The press release (below) gives a commitment not to turn it into a superpub.

G1 Group are delighted to announce that they have formally concluded on the purchase of the former Odeon Cinema in Clerk Street from Duddingston Leisure.

G1 Group are no strangers to the big screen, and currently operate the Grosvenor Cinema in the West End of Glasgow and the seven screen IMAX Playhouse Cinema in Perth. Our file on the Odeon dates back to 2007 when we first showed interest in this iconic cinema site. We have been very aware over that period that the building remains very close to the heart of the community, however, we are confident that the proposal to breathe life back in to the former Odeon and ensuring this fantastic listed building has a favourable future. We very much look forward to bringing life back into this part of Clerk Street which has for so long been the subject of concern and negative press.

Given the scale of the original site we believe full credit and thanks should go to the Council for allowing the student accommodation to go ahead at the rear of the premises. This was fundamental in allowing the continuing negotiation for the front of the property to go ahead”.  Bruce Hare of Duddingston Property Group said-
“ We are pleased that we found a solution to retain the cinema offer at Clerk Street as we promised we would but perhaps more importantly to create sustainability of the building going forward… we wish them every success with their latest venture.”

Lyn MacDonald, Marketing Director, G1 Group adds-
“As a Group, we are always fully committed to treating notable buildings and places of interest with due respect and care, and would like to clarify that there are no current or future plans to turn The Odeon building into a “superpub”. Instead, we are hard at work on developing a concept that will bring the space fully to life, creating jobs and regeneration in the area as we move forward to create a real ‘Destination’ in Scotland’s great capital!” 

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