The BBC has sold its Elstree Centre property, which includes the iconic Albert Square set for long-running soap “EastEnders,” to global investment giant Axa Im Alts.
As part of the transaction, Axa Im Alts will lease part of the studio campus back to the BBC for 25 years.
“The sale of the Elstree Centre site is part of an ongoing review of the BBC’s property portfolio in order to provide the best value for licence fee payers,” BBC CFO Alan Dickson said. “As part of the sale, the ‘EastEnders site’ has been secured on a long-term lease and Elstree will continue to be the home of Albert Square.”
A transaction value was not disclosed but the BBC aims to secure £70 million ($89 million), Variety understands. The BBC completed the rebuild of the Albert Square set two years ago four year late and at £87 million, £27 million over budget.
The deal has taken...
As part of the transaction, Axa Im Alts will lease part of the studio campus back to the BBC for 25 years.
“The sale of the Elstree Centre site is part of an ongoing review of the BBC’s property portfolio in order to provide the best value for licence fee payers,” BBC CFO Alan Dickson said. “As part of the sale, the ‘EastEnders site’ has been secured on a long-term lease and Elstree will continue to be the home of Albert Square.”
A transaction value was not disclosed but the BBC aims to secure £70 million ($89 million), Variety understands. The BBC completed the rebuild of the Albert Square set two years ago four year late and at £87 million, £27 million over budget.
The deal has taken...
- 1/18/2024
- by Naman Ramachandran
- Variety Film + TV
Axa Im Alts, the alternative investment arm of global insurance company Axa, has struck a deal to acquire and expand France’s Bry-sur-Marnes Studios on the outskirts of Paris.
The future of the 12-hectare facility, which has previously hosted the shoots Marie Antoinette, Hunger Games as well as Astérix And Obélix: The Middle Kingdom, has been in question for some time.
The facility currently provides 62,300 square feet of studio space across eight stages, in addition to production accommodation of 215,278 square feet.
The studios will be managed by Guillaume de Menthon who was the president of Telfrance, one of France’s leading fiction production groups.
Axa Im Alts said in a statement that it was planning a significant development programme across the site which will more than double the production capacity.
“This was a rare opportunity to acquire one of the largest studios in France, close to Paris’ city centre,...
The future of the 12-hectare facility, which has previously hosted the shoots Marie Antoinette, Hunger Games as well as Astérix And Obélix: The Middle Kingdom, has been in question for some time.
The facility currently provides 62,300 square feet of studio space across eight stages, in addition to production accommodation of 215,278 square feet.
The studios will be managed by Guillaume de Menthon who was the president of Telfrance, one of France’s leading fiction production groups.
Axa Im Alts said in a statement that it was planning a significant development programme across the site which will more than double the production capacity.
“This was a rare opportunity to acquire one of the largest studios in France, close to Paris’ city centre,...
- 6/5/2023
- by Melanie Goodfellow
- Deadline Film + TV
One of France’s largest studio complexes, the Studios of Bry-sur-Marne, have been bought by Axa Im Alts from Nexity.
The Bry-sur-Marne studios, which boast eight stages, hosts the filming of roughly half of all French productions, notably this year’s highest grossing local film “Asterix and Obelix: the Middle Kingdom,” and the Canal+ series “Marie-Antoinette.” The studios facility is part of the 12 acres of land acquired by Axa Im Alts, an asset manager and investment vehicle for Axa, the global insurance company.
As part of the deal, the studios will now be managed by Guillaume de Menthon, the former boss of Telfrance, a prominent producer of TV content such as the daily soap “Demain tout commence.” De Menthon will strive to double the site’s production capacity.
It marks Axa Im Alts’ first venture in the fast-growing studio sector. The company stated that it anticipates the “rapid growth in...
The Bry-sur-Marne studios, which boast eight stages, hosts the filming of roughly half of all French productions, notably this year’s highest grossing local film “Asterix and Obelix: the Middle Kingdom,” and the Canal+ series “Marie-Antoinette.” The studios facility is part of the 12 acres of land acquired by Axa Im Alts, an asset manager and investment vehicle for Axa, the global insurance company.
As part of the deal, the studios will now be managed by Guillaume de Menthon, the former boss of Telfrance, a prominent producer of TV content such as the daily soap “Demain tout commence.” De Menthon will strive to double the site’s production capacity.
It marks Axa Im Alts’ first venture in the fast-growing studio sector. The company stated that it anticipates the “rapid growth in...
- 6/5/2023
- by Elsa Keslassy
- Variety Film + TV
Investment manager wants to develop site into one of largest studios in continental Europe.
Axa Investment Managers is to acquire France’s Bry-sur-Marne film studio for €150m and plans develop the site near Paris into one of the largest studios in continental Europe.
The asset manager said that, on behalf of its clients, it has acquired a 12-hectare plot that includes Bry-sur-Marne film studio, one of France’s largest studios.
Located 9km east of Paris, the studio has been home to Sofia Coppola’s 2006 film Marie Antoinette, one of the Hunger Games series and this year’s big budget adaptation of Asterix And Obelix.
Axa Investment Managers is to acquire France’s Bry-sur-Marne film studio for €150m and plans develop the site near Paris into one of the largest studios in continental Europe.
The asset manager said that, on behalf of its clients, it has acquired a 12-hectare plot that includes Bry-sur-Marne film studio, one of France’s largest studios.
Located 9km east of Paris, the studio has been home to Sofia Coppola’s 2006 film Marie Antoinette, one of the Hunger Games series and this year’s big budget adaptation of Asterix And Obelix.
- 6/5/2023
- by Tim Dams
- ScreenDaily
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