Wed, 22 Sep 2021

LONDON, England: In the first overseas expansion of their Sunset Studios platform, U.S. firms Blackstone and Hudson Pacific Properties said they planned to create a major film, TV and digital production complex in Broxbourne, north of London.

The project, set to create more than 4,500 jobs, would be built on a 91-acre site acquired by the company 17 miles from central London for 120 million pounds, with the total investment amounting to more than 700 million pounds.

Last year, investment firm Blackstone bought a 49 percent stake in real estate company Hudson Pacific's Hollywood media portfolio, comprising 35 sound stages and offices, including the facilities where hits "La La Land" and "When Harry Met Sally" were filmed.

Blackstone's head of real estate Europe, James Seppala, said the partners intended to develop a studio facility that would help ensure that Britain continued to be a premier destination for production.

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