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Cineplex Agrees to Sell Head Office in Toronto for $57 Million With Leaseback

Theatre Chain Looks to Pay Down Debt and Improve Liquidity After Failed $2.8 Billion Deal With Cineworld in June
Cineplex agreed to sell its head office on Yonge Street for $57 million, with plans to lease it back for up to 10 years. (CoStar)
Cineplex agreed to sell its head office on Yonge Street for $57 million, with plans to lease it back for up to 10 years. (CoStar)
CoStar News
December 23, 2020 | 3:03 P.M.

Cineplex, Canada's leading movie theatre chain, agreed to sell its head office in Toronto for $57 million and plans to use half the money to pay down debt.

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