A $640 million U.K. fund launches to focus on studio facilities. Its first acquisition is London's historic Twickenham Studios. More details:
The U.K.'s growing status as one of the world's leading film and TV production hubs and the ever-increasing demand for studio space has led to the creation of a new 500 million pound investment fund.
As part of the launch, the company unveiled the $50 million acquisition of Twickenham Studios, the historic London facility that last year landed an Oscar for its sound work onThe investment will be used to expand Twickenham and develop more production facilities, including film stages, flexible workspace for creative industries with new event and hospitality space. It will also support Twickenham's expansion at new facilities in the city of Liverpool.
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