British Film Commission welcomes plans for new film and TV studio in Hertfordshire
Monday August 2 2021
Today (2 August) Blackstone and Hudson Pacific Properties announced plans to create a major new centre for film, TV and digital production in Broxbourne, Hertfordshire.
Funds managed by Blackstone Real Estate Partners and Hudson Pacific Properties acquired a 91-acre site, 17 miles north of central London, through a joint venture for £120 million. The acquisition, with an expected total investment of over £700 million, will be the partners’ first expansion of their Sunset Studios platform outside of the US.
Adrian Wootton, OBE, Chief Executive of the British Film Commission and Film London, said: “The UK’s film and TV industry is experiencing an exceptional growth period, generating billions of pounds of investment into the UK economy and creating hundreds of jobs with long-term career prospects. The demand for content has never been greater and we need to make sure we build the space and provide the talents and skills needed to keep this demand curve rising. New facilities such as the studios proposed by Blackstone and Hudson Pacific Properties are great news for the screen industry and the UK, and will be instrumental in meeting demands now and in the future.”