Real Estate News: Reading International, Inc. to Open State-of-the-Art Reading Cinemas LynnMall in New Zealand

A state-of-the-art cinema complex by Reading International will be open at the newly redeveloped LynnMall Shopping Centre in New Lynn, New Zealand on Nov. 26, 2015.

The new Reading Cinema will bring about Reading's premium offerings to provide a compelling and convenient movie experience for the Centre's guests.

"We have continued to make great progress in executing our strategic plan, both in the New Zealand market and across our cinema, live theatre and real estate portfolios," said Ellen Cotter, Chairman and Interim Chief Executive Officer of Reading International. "Since entering the New Zealand cinema market in 1995, Reading International has established a size-able real estate portfolio and grown its cinema enterprise to own and operate nine cinema locations with 54 screens, generating more than $30 million NZD in total revenue and averaging approximately 2.0 million customers on an annual basis."

According to the press release from Business Wire, Reading's LynnMall Cinema Complex offers a variety of features that provides the best comfort with a touch of world-class digital film presentation. This includes newly formatted TITAN XC Extreme Cinema, a 20-metre-wide 'wall-to-wall' screen incorporated with Dolby Atmos, and a fully immersive 3D sound system.

The Cinema Complex will also have other features such as: five traditional cinema screens with wide body seating, an affordable luxury 'dine-in' cinema experience that combines the elegance of a fully licensed lounge bar and full food menu with a selection of delicious options, luxury reclining armchairs for ultimate comfort, and value consumer friendly ticket prices plus unlimited free parking.

"Reading LynnMall will be the preferred location in the Auckland market for moviegoers, offering the highest level of comfort and cutting edge technology," said Wayne Smith, Managing Director of Reading Entertainment. "With the installation of Dolby Atmos and our new TITAN XC concept at LynnMall, we are continuing to execute on Reading's strategy of leveraging innovative, state-of-the-art technology to provide unmatched experiences for our customers. We are committed [in] delivering the highest level of service and value to our customers, and are proud to extend our offerings as part of the upgrades and renovations to the historic LynnMall Centre."

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