The Prince Charles Cinema, located in the heart of London, has long been a cherished destination for enthusiasts of niche and obscure films. However, it has recently initiated a petition, voicing concerns over its survival amidst pressures from its property developer landlords.
In a notice posted on the petitions platform 38degrees.org.uk, the cinema reports that Zedwell LSQ Ltd, a subsidiary of the developer Criterion Capital, is insisting on the inclusion of a “break clause” in the ongoing lease negotiations, which are crucial as the current lease is set to expire in September. The cinema warns that this clause would effectively put them on a six-month eviction notice should Zedwell opt for redevelopment.
The Prince Charles Cinema describes the developers’ actions as an attempt to “intimidate us into vacating the premises.” They stress that their potential closure would result in the loss of “a vital cultural institution.” They highlight that, operating without any public funding, they have cultivated a distinctive range of programming that showcases cinema’s rich history. As many cinemas continue to shut down globally, they pride themselves on being a thriving and fiercely independent venue.
Renowned filmmakers such as Paul Thomas Anderson, Quentin Tarantino, and John Waters are among the cinema’s international supporters. Originally established as a live theater in 1962, the venue transitioned to a cinema in 1969 after being acquired by the Star Cinema chain, later specializing in adult films. In 1991, it evolved into a repertory cinema offering affordable seating.
The cinema further stated, “We perceive these actions as an effort by the landlord and Criterion Capital to leverage their substantial financial might to intimidate us, despite our legal rights.”
Phil Clapp, the chief executive of the UK Cinema Association, remarked: “The Prince Charles Cinema is exceptional in many respects, holding a significance that transcends its excellent service to audiences. Its closure would be a major loss felt not only by its supporters but also by the wider cinema community in London and the UK.”
Criterion Capital, led by billionaire CEO Asif Aziz, is a prominent property owner in London, with a portfolio that includes the Trocadero in Piccadilly Circus and the Criterion Theatre. In 2024, it acquired the Central YMCA building in London, which is set to close in February.
In a statement to The Guardian, the company asserted: “We appreciate the Prince Charles Cinema and collaborate closely with our tenants to optimize the use of our properties. We adhere to the Landlord and Tenant Act 1954 and strongly reject any claims of intimidation or unfair treatment.”
They elaborated: “Our commitment lies in maintaining a property portfolio that harmonizes community value with sustainable commercial practices. Misrepresenting our stance in public forums complicates the resolution process. We shall continue to operate in a responsible, lawful, and good faith manner.”
