AXA IM Alts is making its first investment in the UK film and television studios sector with the acquisition of the BBC Elstree Centre in London.
The global manager, investing on behalf of clients, has agreed to acquire the 16-acre campus in northwest London in a deal that involves the BBC leasing back part of the studio campus for 25 years.
IPE Real Assets understands that the BBC Elstree Centre in Borehamwood was sold for around £70 million (€81.3 million).
The campus comprises seven stages and currently includes workshop, office and post-production facilities.
AXA IM Alts said the facilities present an opportunity for brownfield redevelopment to deliver a new studio campus, with filming and production space.
Source: realassets.ipe.com on the 16th of January
https://realassets.ipe.com/news/axa-im-alts-makes-first-uk-film-studio-investment-with-acquisition-of-bbc-elstree-centre/10071037.article