It’ll cost a pretty penny: the legendary “Kinopanorama” movie theater is up for sale in downtown Kyiv
30 June 15:12
The former “Kinopanorama” movie theater in downtown Kyiv has been put up for sale for $10 million. The seller proposes using the historic building as a hotel, restaurant, or entertainment complex. The listing was posted on OLX, according to "Komersant Ukrainian".
An ad has appeared on the platform for the sale of the former “Kinopanorama” movie theater building, located on Shota Rustaveli Street in Kyiv. The asking price for the three-story building, with an area of 1,800 square meters, is $10 million. The property also includes three privatized land plots with a total area of 1,418 square meters.
Watch us on YouTube: important topics – without censorship
The listing notes that part of the premises is already being leased. Specifically, there is a café operating on the front of the building and a restaurant at the rear.
“The building is ideal for conversion into a hotel, club, restaurant, or entertainment complex. A hotel design is already available,” the listing states.
The “Kinopanorama” movie theater opened in 1958. It was the first panoramic movie theater in the USSR. The building housed a large auditorium with 405 seats and a small one with 30 seats.
On October 1, 2018, the cinema ceased operations. At the time, it was reported that it had been closed for major renovations, which had not been carried out since its opening.
Later, the building’s owner, Mohammad Zahur, representing the ISTIL Group, announced his intention to demolish the cinema and build a hotel in its place. According to him, the new building was planned to include a small movie theater and a conference hall.
In 2020, the former director of “Kinopanorama,” Natalia Soboleva published an open letter to the owner, in which she stated that no work had begun in the two years since the cinema’s closure and called for clarification on the future of the historic building.
Read us on Telegram: important topics – without censorship
