Located in the heart of Leicester Square, the Prince Charles Cinema, one of London’s oldest independent repertory cinemas, is currently engaged in a legal dispute over a significant rent increase. The venue, praised by Oscar-winning director Danny Boyle as the “ninth wonder of the world,” faces a proposed rent hike that its owner describes as “punitive.”
The cinema leases its premises from Criterion Capital, a property company owned by Asif Aziz, a Malawian-born businessman who has been characterized by some as “Britain’s meanest commercial landlord.” Aziz, who goes by the nickname Mr West End, has denied any wrongdoing, asserting that his approach to business is “tough but fair.” The dispute centers on the lease renewal negotiations following the expiration of the cinema’s previous agreement.
Ben Freedman, the Canadian owner of the Prince Charles Cinema, explained that while the Landlord and Tenant Act 1954 allows tenants to request a 15-year lease at the prevailing market rate, Criterion Capital offered only a five-year lease with a six-month break clause, at what Freedman estimates to be nearly double the market rate. Freedman said the proposed terms would prevent meaningful investment and development of the cinema, describing the rent increase as excessively harsh. He indicated that while the legality of the new lease terms is ultimately for the courts to decide, the situation has left them with no option but to prepare for litigation if no settlement is reached.
A pre-trial hearing is reportedly scheduled in the coming days. Freedman has secured prominent legal representation from Farrer & Co, known for advising the royal family, reflecting the high stakes involved. He acknowledged the financial strain of the legal process but emphasized the importance of strong counsel.
The Prince Charles Cinema has cultivated a devoted following with its distinctive programming, including screenings of original 35mm and 70mm film prints such as Stanley Kubrick’s “2001: Space Odyssey” and David Lean’s “Lawrence of Arabia.” Its ability to offer an eclectic mix of rare films and classics at comparatively affordable prices has contributed to annual audiences of around 250,000. Despite ticket prices rising over time, the cinema remains less expensive than mainstream West End theaters.
The threat of closure has galvanized support from prominent figures in the film community, with directors Sir Christopher Nolan and Paul Thomas Anderson publicly endorsing efforts to preserve the venue. Anderson described the cinema as possessing a unique atmosphere and accessibility, while Nolan called the Prince Charles an essential part of British film culture. A petition opposing the rent increase rapidly gained over 160,000 signatures, reflecting widespread public concern.
Criterion Capital has been contacted for comment but has yet to respond publicly. The outcome of this dispute could have implications not only for the future of this iconic cinema but also for the broader independent arts and cultural scene in London.