Image: It is hoped the cinema will open by 2014

Empire Cinemas, one of the UK's largest independently-owned cinema chains, has signed an agreement for a new multi-screen venue on Walthamstow High Street, London.

The deal was signed with developers Islington and Shoreditch Housing Association (ISHA) and Hill Residential, with the cinema to form part of a wider regeneration of the area.

A nine-screen, fully digital complex with Empire Cinema's large screen format, IMPACT, is planned for the site and could be open by 2014 subject to planning approval.

It is anticipated that associated restaurants, shops and housing will also form part of the development. The developers will now draw up a planning application for the project.

Waltham Forest Council leader Chris Robbins said: "A cinema has been one of our main objectives in looking to attract investment to Walthamstow.

"Let's hope things can develop smoothly as this development will act as a real catalyst for the ongoing regeneration of the town centre."

Details: www.walthamforest.gov.uk

Image (clockwise from back left): Shifa Mustafa, Waltham Forest Council's director of environment and regeneration; Andy Hill, managing director at Hill Residential; Justin Ribbons, CEO of Empire Cinemas; and council deputy leader Clyde Loakes