Institutional investment firm Blackstone and real estate outfit Hudson Pacific Properties are planning a $1BN film and TV studio development in the UK’s Hertfordshire.The project is an expansion of the companies’ existing facility, California’s Sunset Studios, which has housed shoots including La La Land and Fresh Prince of Bel Air.The partners have purchased a 91-acre site, 17 miles north of central London, through a joint venture for $120M.
The build, which is subject to planning permission, is expected to be large enough to create 4,500 permanent jobs and inject £300M ($420M) into the local economy.The location is close to existing facilities Elstree Studios and Warner Bros Leavesden.This is the latest development in the feverish
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