Cathay cinema at JEM shopping mall closes, operator owes landlord S$4.3 million in rent

Cathay cinema at JEM shopping mall closes, operator owes landlord S$4.3 million in rent

This is the sixth cinema that operator mm2 Asia has closed in the last three years.

Cathay cinema at Jem closes as landlord seeks $4.3 million in rental arrears

The closure came after more than a year of negotiations with its landlord Lendlease Reit.

Cathay Cineplexes to close its JEM outlet as landlord seeks S$4.3M in rental dues

Cathay Cineplexes will close its JEM shopping mall outlet in Jurong East today (March 27). In its filing on the Singapore Exchange, the cinema chain’s operator, mm2 Asia, stated that the closure follows over a year of negotiations with the landlord, Lendlease Global Commercial Real Estate Investment Trust. Cathay Cineplexes “has been actively engaging with the landlord to negotiate and resolve issues related to the continued occupation of the pr…