The construction of a major film studio in Dagenham East, which would be London’s largest such facility, moved a step closer yesterday (March 22).Darren Rodwell, the leader of Barking and Dagenham Council, announced that US production facilities specialist Pacifica Ventures, in partnership with private equity firm Media Content Capital, has been selected as the preferred builder and operator of the complex in a £100 million deal.
Plans for the 22-acre site include 12 sound stages covering 264,000 sq ft; around 95,000 sq ft of production office space; a post-production, visual effects and media technology complex; an event centre and large screen auditorium including VR and immersive 3D attractions with studio tours.
Construction on the complex is expected to get underway in 2019.Be First, Barking and Dagenham Council’s regeneration company, formally launched the tendering process to find a partner back in February. Film London and property consultants, Lambert Smith Hampton, acted as technical and commercial advisors to the £100 million deal throughout the process.
Mayor of London, Sadiq Khan, said: “This development will bring hundreds of new jobs to the area – from carpenters to camera crew – and will bring big Hollywood blockbusters to Barking and Dagenham.”Marvel’s Doctor Strange, Sky’s Lucky Man and Channel 4’s Humans have recently shot in the Barking and Dagenham area.
Thanks to Screen Daily for the post: https://www.screendaily.com/news/dagenham-film-and-tv-studio-project-enlists-partner-in-100m-deal/5127734.article