On Hertfordshire, Hollywood aims to invest £700 million in film studios.
Hollywood moguls are planning a £700 million film and television set in the Home Counties, which will bring 4,500 creative jobs to the UK.
Sunset Studios, a joint venture between Blackstone and Hudson Pacific Properties, announced its first presence outside of the United States yesterday night in Broxbourne, Hertfordshire.
The 91-acre plot, which is around 20 miles east of Harry Potter’s home at Warner Bros Studio in Leavesden, has already been purchased for £120 million. Sunset also wants their lot to be larger than their competitors’, such as Pinewood Studios in Bucks, which has produced James Bond and Star Wars films.
The lesser-known company has a long list of big and small screen successes, including When Harry Met Sally, La La Land, and other Academy Award winners. According to Blackstone and Hudson Pacific, the entire investment will be above £700 million and will be located 17 miles north of central London.
“We plan to provide a world-class studio facility that will assist ensure the UK continues to be a prime destination for content production globally,” said James Seppala, president of Blackstone Real Estate Europe. This is a continuation of our media, entertainment, and content development thematic investment focus and long-term conviction.”
“With our expertise creating and maintaining state-of-the-art media campuses, as well as Blackstone’s resources and existing market presence, we are confident that this facility will be in high demand from premier content creators,” said Victor Coleman, CEO of Hudson Pacific.
“We are excited to collaborate with Broxbourne Council to ensure that the project has a good impact on the local community.”
Boris Johnson, the Prime Minister, described it as “great news.” “The creative industries are at the heart of our ambitions to rebuild better,” he continued. This will serve as a centre for both UK and foreign productions, allowing local talent to shine on a worldwide stage.”
“This new studio is yet another mark of confidence in the UK’s burgeoning film and television industry,” Culture Secretary Oliver Dowden said. We’re supporting the creation of stage spaces like this around the UK through the British Film Commission, strengthening the local economy and assisting our world-class creatives to make the next Bond blockbuster or binge-worthy box set.”