California’s Sunset Studios Expanding To UK’s Hertfordshire With $1BN Film & TV Facility
Institutional investment firm Blackstone and real estate outfit Hudson Pacific Properties are planning a $1BN film and TV studio development in the UK’s Hertfordshire. The project is an expansion o…
Sunset StudiosInstitutional investment firm Blackstone and real estate outfit Hudson Pacific Properties are planning a $1BN film and TV studio development in the UK’s Hertfordshire.The project is an expansion of the companies’ existing facility, California’s
, which has housed shoots includingLa La LandandFresh Prince of Bel Air.The partners have purchased a 91-acre site, 17 miles north of central London, through a joint venture for $120M. The build, which is subject to planning permission, is expected to be large enough to create 4,500 permanent jobs and inject £300M ($420M) into the local economy.
The location is close to existing facilities Elstree Studios and Warner Bros Leavesden.Related StoryHudson Pacific, Blackstone To Build Sunset Glenoaks; Partners' Fourth LA Studio Project Amid Spiking Demand For Sound StagesThis is the latest development in the feverish expansion of UK film and TV shooting space – dubbed the ‘space race’ – with the country’s creative industry rapidly growing in recent years as U.S. studios target the generous tax credit, existing quality studios, highly-skilled crews and readily available creative talent. headtopics.com
Watch on DeadlineRecent research conducted by Lambert Smith Hampton projected an estimated 2.3 million sq ft of additional studio space would be required by 2033.“This investment is excellent news for the UK’s film and TV industry, pumping hundreds of millions of pounds into the local economy and creating thousands of jobs for the people of Hertfordshire,” said UK PM Boris Johnson. “The creative industries are at the heart of our plans to build back better. This will be a hub for both UK and international productions, showcasing home-grown talent on the global stage.”
James Seppala, Head of Blackstone Real Estate Europe, said: “We are excited to expand our partnership with Hudson Pacific into the UK, and intend to deliver a world-class studio facility that will help ensure that the UK continues to be a premier destination for content production globally. This is a continuation of our thematic investment focus and long-term conviction in media, entertainment and content creation.”
Victor Coleman, Chairman and CEO of Hudson Pacific, added: “We are thrilled to expand our Sunset Studios platform in the UK, a global hub for film and television production. With our expertise developing and operating state-of-the-art media campuses and Blackstone’s resources and existing market presence, we are confident this facility will be in high demand from leading content creators. We look forward to working with Broxbourne Council to ensure the project has a meaningful positive impact on the local community.”
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Hollywood’s Sunset Studios Heading to U.K. With $1 Billion Facility Investment Sunset Studios , the Hollywood studio facility that set the stage (literally) for hits such as “La La Land” and “When Harry Met Sally,” is headed to Hertfordshire in the U.K.… TREAT YOURSELF TO A MAJOR FOODGASM WITH THIS SENSUAL CHOCOLATE DESSERT! Click the LINK BELOW for full recipe YouTuber SmallYouTuber YouTube foodgasm foodie This is great news for Hertfordshire & the UK, add into this mix is another new construction project granted July 2020, for Sky, NBCUniversal and Legal & General. Daily_Express SkyNews DailyMailUK TheSun
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