Terra Firma's Odeon sells properties under sale-and-leaseback

The cinema operator is using a financial tool that is sometimes considered to be controversial

Friday 15 November 2013 at 06:23

Odeon, the cinema operator owned by Guy Hands' Terra Firma, has made use of a financial tool that is sometimes considered to be controversial to free up capital.

The property arm of the Odeon & UCI Cinemas Group first completed a sale and leaseback of some of its properties in 2007 and has now sold 10 of its properties under the structure.