Hercules Unit Trust, a retail warehouse fund advised by British Land and managed by Schroders, has secured Cineworld for an 11-screen multiplex cinema at Broughton Shopping Park in Flintshire.
The cinema will be part of a £13m leisure extension currently being considered by Flintshire County Council. Cineworld's will be the first multiplex in Flintshire. Cineworld has an outlet on Greyhound Retail Park, Chester.
British Land also proposes five restaurants and public transport and public realm improvements.
Edward Cree, senior asset manager for British Land, said: "This will provide a tremendous boost to leisure jobs in the area and a modern, high-tech cinema for the whole community to enjoy."
Steve Wiener, chief executive of Cineworld, said: "We were impressed by Broughton Shopping Park's significant catchment and are pleased to be able to provide Flintshire with its first multiplex. The deal means that Cineworld will be able to provide the latest technological advances to even more of its customers."
The extension will be located on car park on the southern part of the retail terrace. New parking will be provided to replace spaces and a new public space will also be created in front of the restaurant and cinema entrances.
HUT was represented by Savills and Morgan Williams. Waring & Partners represented Cineworld.
Broughton Shopping Park, located just off Junction 35a of the A55, comprises 25 units, a stand-alone restaurant and a public house. Tesco and BHS anchor the scheme and other retailers include Topshop, River Island, Next, Boots and Costa Coffee.