This exciting project, announced by Mayor of London, Sadiq Khan and the Leader of Barking and Dagenham Council, Cllr Darren Rodwell, will aim to make Dagenham East a world-leading destination for the production of blockbuster movies. This follows an expert study, which shows that the area is the ideal location for a Hollywood-style studio space and a pledge from Sadiq Khan, who from the outset of his Mayoralty, pledged to make London the most film-friendly city in the world.
Creation of this world-class film studio will support the long-term success of the UK’s booming film and TV production industries, bolster Film London’s work in attracting major new projects to the capital, while also contributing to the regeneration of east London and supporting the Mayor’s ambition for creative production along the Thames Estuary.
LSH will advise Be First as they invite expressions of interest from investors, entrepreneurs and businesses to create the huge studio space and start the formal tender process in 2018. The potential site for the new studios at Dagenham East is located in front of Londoneast-UK business and technical park and adjacent to Dagenham East station. It was scoped out because of its significantly large size, which presents the opportunity to build a new, bespoke facility.
Leader of Barking and Dagenham Council, Councillor Darren Rodwell, said: “This is a landmark day for Barking and Dagenham and yet another sign that we are turning the tide on the borough’s fortunes. We were known for producing cars in the last century but today we aspire to produce blockbuster films. Together with City Hall, our plans to build the first film studio since Pinewood demonstrates our commitment to bring jobs and new opportunities to east London.”
Christopher Berry in the Real Estate Advisory team added: “LSH is committed to working with organisations across the media industry, advising how they can use property creatively and effectively to meet their ambitions. Building a future for Dagenham East as a future destination for film will not only be exciting for London, but will also support wider regeneration of the local area with the creation of around 780 full time jobs and £35 million for the economy.”
To find out more, click here to download a brochure for the scheme.