LONDON, Aug 1 (Reuters) – U.S. corporations Blackstone and Hudson Pacific Properties mentioned they deliberate to create a serious movie, TV and digital manufacturing complicated in Broxbourne, north of London, within the first abroad enlargement of their Sundown Studios platform.
Funds managed by the 2 corporations had acquired a 91-acre website, 17 miles from central London, for 120 million kilos, they mentioned on Sunday, including that the full funding could be greater than 700 million kilos ($975 million).
Topic to planning permission, they mentioned they might construct a world-class movie and tv studio campus, creating greater than 4,500 everlasting jobs.
Funding agency Blackstone final yr purchased a 49% stake in actual property firm Hudson Pacific’s Hollywood media portfolio, comprising 35 sound levels and places of work, together with the services the place hits “La La Land” and “When Harry Met Sally” had been made.
Blackstone’s head of actual property Europe James Seppala mentioned the companions supposed to ship a studio facility that might assist be certain that Britain continued to be a premier vacation spot for manufacturing.
($1 = 0.7191 kilos)
Reporting by Paul Sandle; enhancing by Barbara Lewis