The Edinburgh Filmhouse has been sold in a deal worth £2.65million.
In October, the Centre for Moving Image, which ran Filmhouses in the capital and Aberdeen, filed for administration. Bosses said rising costs, reduced trade and the cost of living crisis had created a 'perfect storm'. Savills then set about selling the historic building.
The owner of London's Prince Charles cinema was confirmed as a bidder, but has since been rejected. A representative for FRP Advisory, the administrators of the Filmhouse, has now confirmed it has been sold according to the Edinburgh Evening News.
READ MORE - Edinburgh city centre road blocked after crash triggers rush hour delays
They did not confirm who the buyer was, though The Scotsman has reported that Caledonian Heritable, which owns The Dome, Ryan's Bar and the Theatre Royal are the new owners. Talks are currently underway to decide the future of the building.
Originally constructed in 1830, the Filmhouse extends over three floors and has a total size of 20,068 square feet. The B-listed former church kept its period feature over the years, including a segmental ceiling in Cinema One.
There are also two more cinema spaces, a clubroom, box office, cafe, bar and kitchen. A fundraiser set up by former staff at the Filmhouse was targeting £2million, though fell short of its goal.
READ NEXT:
Young Edinburgh woman's 'stress headaches' turned out to be brain tumour
Fuming driver puts up 'swimming pool' sign next to gaping pot hole in road
West Lothian Five Sisters Zoo begins work on new penguin enclosure
Edinburgh family 'split up in filthy seaside hotel' on holiday from hell
Horrified Edinburgh locals tell how masked machete gang attacked man near homes
