Sunday, April 2, 2006

Valhalla sells for office space

by Garry Maddox, Sydney Morning Herald

"A SYDNEY film icon, the Valhalla cinema in Glebe, has screened its last movie after being sold to a property developer. It had been passed in at auction late last year, but the arthouse operation has sold for $2.95 million to W Property for conversion into offices.
The cinema closed last August with its long-time owner and manager, Chris Kiely, blaming the popularity of DVDs and the poor quality of recent releases. Mr Kiely said he was relieved to finally sell. "The sadness was last year when the realisation hit that it could never be a goer again," he said. The new owners plan to retain the exterior and foyer in an office development aimed at the "creative sector" including architects and the film industry.
Built in 1937 and used at times for theatre and music, the Valhalla thrived as an avant-garde cinema for film buffs in the 1980s. "In those days, we were getting 300 people for a double feature," Mr Kiely said.

Read the full article from The Sydney Morning Herald here.