The winning partners of a bid to build the largest film studio complex in London for decades have spoken about their appointment.
The joint venture partnership between US-based studio operator Pacifica Ventures and private equity investment fund Media Content Capital (MCC) will see a nine-hectare site in Dagenham transformed into high-tech film-making facilities.
The announcement was made by Barking and Dagenham Council leader Darren Rodwell at the launch of regeneration magazine BOLD on 22 March, at Londoneast-UK business park, following a two-month bidding tender process held by the council’s wholly owned regeneration company, Be First.
"We are thrilled to partner with Be First in the creation of a world-class film and television production complex that will become the pride of Dagenham and Greater London," said Dana Arnold, CEO of Pacifica Ventures.
Sasha Shapiro, managing director of MCC, added: "We are excited to be making our London production home at the brand-new Dagenham Studios."
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…