The largest new film and new media studios to be built in London for decades will be constructed and operated in Dagenham by Pacifica Ventures in partnership with Media Content Capital (MCC) it was announced today.
Darren Rodwell, the Leader of Barking and Dagenham Council announced that the USA based Pacifica Ventures, in partnership with MCC, will be the preferred builder and operator of the ambitious new film and media complex on the 22-acre site.
Cllr Rodwell said: “I take great pleasure in announcing Pacifica Ventures in partnership with MCC as our preferred partner. In the face of fierce competition, Pacifica Ventures – MCC emerged as the clear winner based on their track record and commitment to making the film and television studios a cultural and community asset for the borough, for London and for Britain’s film industry.
“The complex will be an exciting new visitor destination too – an east end epic – that will create thousands of quality jobs and educational opportunities in a huge range of disciplines.
“I am confident that it will make Barking and Dagenham more famous for films than Fords.”
Dana Arnold, CEO of Pacifica Ventures, said, “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.” Sasha Shapiro, Managing Director of Media Content Capital, added, “We are excited to be making our London production home at the brand-new Dagenham Studios.”
The announcement was made after Be First, Barking and Dagenham Council’s regeneration company, formally announced the competition to find a partner back in February. Film London and property consultants, Lambert Smith Hampton, acted as technical and commercial advisors to the £100 million deal throughout the competition.
In addition to 12 state-of-the-art sound stages – covering some 264,000 sq ft – the plans from Pacifica Ventures – MCC feature:
- workshops and warehouses for lighting and grip operations, and at least 95,000 sq ft of production office space
- an extensive post-production, visual effects and media technology complex
- specially rigged stages for job training programmes with local educational institutions
- multi-forma large-screen theatre auditorium
- a major event centre and large screen auditorium including VR and immersive 3D attractions with studio tours, and
- retail and dining outlets.
Pat Hayes, Managing Director of Be First, said: “I would like to thank all the bidders for the excellent quality of their submissions. Our team rigorously assessed each but a clear winner emerged. Subject to detailed negotiations and exchange of contracts with Pacifica Ventures – MCC we expect construction of the media and TV complex to get underway in 2019.”
Mayor of London, Sadiq Khan, said: “London is a global capital for film – with more than 40 film crews on our streets every day. I’m delighted that Pacifica Ventures has been announced as the preferred bidder – their exceptional track record will further cement the capital’s position as a world-leading film-making city. This development will bring hundreds of new jobs to the area – from carpenters to camera crew – and will bring big Hollywood blockbusters to Barking and Dagenham.”
Take a peek at the proposal here.