Pinewood Group has bought 100 acres adjacent to the current lot
Author:
Jenny PriestleyPublish date:
Feb 13, 2018Social count:
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Pinewood Group has bought 100 acres adjacent to the current lot
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Pinewood Group has announced plans for a major expansion of Shepperton Studios after revealing it has bought 100 acres next to the current studio complex.
Shepperton currently occupies 600,000 square feet over 25 acres, and Pinewood has now acquired an adjacent area four times that size.
What we have been doing over the last 18 months is investing into land. We have bought 100 acres adjacent to the studio. We don't have planning but will start that process in the next couple of months, Pinewood chairman and interim CEO Paul Golding told Variety.
Golding also revealed plans to expand Pinewoods footprint: Our intention [is] to develop that over the coming years. Over the course of our ownership we will deliver a million square feet, he said. We have outline planning consent. We are comfortable that there is demand there already, and if it continues in the manner we are seeing we will start the next phase of development, so really it is a tap we can turn on to meet demand.
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Pinewood Group has bought 100 acres adjacent to the current lot
