New rental agreement for the Kristallpalast Dresden – KUCERA advises IMAXXAM

Good news for all cinema fans in Dresden: The Cineplex cinema group will take over the Kristallpalast as a long-term tenant from February 1, 2025 and will revive the iconic cinema in the striking cylindrical building in a top location in Dresden’s city center with a new, holistic concept.

IMAXXAM Asset Management GmbH – as the asset and portfolio manager of the Property Invest Germany real estate fund – was able to gain a strong and renowned partner in Cineplex, which will not only resume cinema operations as quickly as possible, but will also further develop the location as an event location together with the neighboring circular cinema with around 1,400 seats. Incidentally, the large cinema hall, now a listed building, has the largest cinema screen in Saxony – a must-see for many cineastes in the metropolis on the Elbe. The ceiling of the main auditorium is lined with wooden elements containing 638 lamps.

KUCERA provided IMAXXAM with comprehensive legal advice on the letting of the property and successfully supported the conclusion of the contract: https://lnkd.in/edcnZ53M.

Oliver Platt, LL.M.
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