September 22nd, 2024Ballarat’s Regent cinema set to re-open: administrator

The historic Regent Cinema in Ballarat is set to reopen under new ownership, the business’ administrator says.

Justin Howlett of SMB Advisory last week confirmed the successful sale of the company’s business components and assets to Palace Cinema Group.

This followed an administration process that began on June 25.

While no date has been confirmed for the cinema’s reopening, but Mr Howlett said Palace were now in the process of preparing the historic Lydiard Street Cinema complex, much loved by locals and film fans.

“Interactions with the Ballarat public over these past few months have shown just how significant the former Regent Cinemas were to so many, and hopefully many will be comforted by the fact Palace Cinemas will be able to reopen the doors once more,” Mr Howlett said.

“We are extremely grateful for the assistance and co-operation provided by the company’s management and staff, landlords and financiers, without which this outcome would not have been possible,” Mr Howlett said.