Blackstone, Hudson To Create Studio For Film, TV And Digital Production In The UK

Investment firm Blackstone (BX) said it will expand partnership with Hudson Pacific Properties (HPP) into the UK to create a new centre for film, TV and digital production in Broxbourne, Hertfordshire. The project is anticipated to create over 4,500 permanent jobs for Broxbourne and the surrounding community.

Funds managed by Blackstone Real Estate Partners and Hudson Pacific Properties acquired a 91-acre site, 17 miles north of central London, through a joint venture for 120 million pounds. The companies plan to transform the site into one of the largest world-class film and television studio campuses. The expected total investment from the acquisition will be over 700 million pounds.

Hudson Pacific is a leading Los Angeles-based office and studio owner and operator. The proposed development will be the partners' first expansion of their Sunset Studios platform outside of the US.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT