The FT is reporting that the US investment groups Blackstone and Hudson Pacific Properties are planning Europe’s biggest television and film production hubs in Broxbourne, Herts in a £700m deal. It will house “between 15 and 25 sound stages”.
All of this in the context of a market for UK studio space that has been described as “literally white hot.”
- March 2020 – $640 million fund investing in a UK film studios announced.
- Twickenham Studios acquired for $50m with plans for large-scale redevelopment.
- $300+ million Ashford International Film Studios, deal – development subject to planning permission…
- Then there’s “Dagenham – the new Hollywood“
Also under construction: Sky Studios Elstree due to open next year – giving Universal its own site in the UK, and ensuring that it doesn’t need to rely on Warner’s nine-stage studio in Leavesden (also billing itself as ‘one of the biggest studios in the world’ following it’s opening back in 2012).
And so far this list hasn’t even mentioned sites like Pinewood and Shepperton. It’s all happening in London and the South East.