An iconic building where household names such as The Beatles once performed is set to have new life breathed into it after Waltham Forest Council purchases it for £2.6 million.
The former Granada cinema, also known as the EMD, in Walthamstow’s Hoe Street is set to become a 1,000-seat venue to host the biggest names in UK and international comedy, pantomimes, film screenings and more.
The historic Grade II* listed theatre was partially reopened in 2016 as Mirth, Marvel & Maud, a pub and entertainment complex.
It will be brought back to its former glory with the help of Soho Theatre, who will operate the venue, and is expected to add between £34 and £52 million to Walthamstow’s economy over a 10 year period.
Renovation of the site is expected to take three years and the council is considering options to part finance it with external grants. The borough was awarded £1.35 million as 2019 Borough of Culture, announced last month.