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LONDON, Aug 1 (Reuters) – US firms Blackstone (BX.N) and Hudson Pacific Properties (HPP.N) said they are planning to build their first overseas major film, television and digital production complex in Broxbourne north of London to build an extension of their Sunset Studios platform.
The funds managed by the two companies have bought a 91-hectare site 27 kilometers from central London for £120m, they said on Sunday, adding that the total investment is more than £700m ($975m). ) will be.
Pending planning permission, they said they would build a world-class campus for film and television studios, creating more than 4,500 permanent jobs.
Investment firm Blackstone last year bought a 49% stake in real estate company Hudson Pacific’s Hollywood media portfolio, which includes 35 sound stages and offices, including the premises where hits “La La Land” and “Harry and Sally” were filmed.
James Seppala, Head of Real Estate Europe at Blackstone, said the partners intended to deliver a studio facility that would help ensure the UK remains a prime production destination.
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Reporting by Paul Sandle; Edited by Barbara Lewis
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