Current report No. 06/2014 dated 10 February 2014 Execution of a binding lease agreement with Atrium Felicity Sp. z.o.o. for Cinema City multiplex in Lublin, Poland
The Board of Managing Directors of Cinema City International N.V. (the "Company") informs that Cinema City Poland - CC sp. z o.o. Sp. j. (“Cinema City Poland”), a wholly-owned subsidiary of the Company incorporated and existing under the laws of Poland, executed binding lease agreement with Atrium Felicity Sp. z.o.o. company incorporated and existing under the laws of Poland to lease a surface of approx. 2 500 sqm in the shopping center in Atrium Felicity in Lublin to be constructed by Atrium Felicity Sp. z.o.o.. In Atrium Felicity center Cinema City will operate a 9screen multiplex. The planned opening date has been set for July 2015.
The lease agreement has been concluded for ten years with three options of extending the lease term, each time for another five years, and contains standard provisions, typical for agreements of such kind. The Company will be required to pay monthly rent on market standards consisting of fixed rent calculated on the basis of the leased area and the management fee for the benefit of the management company of the shopping mall.