Pinewood Toronto Studios is pleased to announce today that it has exercised its option to lease additional land from its landlord, the Toronto Port Lands Company, to build a new 135,000 square foot film and television support facility.
This will complement its existing ‘state of the art’ 300,000 square foot ‘purpose-built’ studio campus on the Toronto waterfront. Toronto Port Lands Company and Pinewood Toronto Studios will enter into a long-term lease for an additional 1.75 acres of land for the development of much needed space to support Toronto’s thriving film and television sector. This is a key step in achieving Pinewood Toronto Studios’ plans to grow its facilities — doubling its current size — to 600,000 square feet. Paul Bronfman, Chairman / CEO of William F. White International Inc. and Chairman of Pinewood Toronto Studios says: “This is a much anticipated milestone which serves as a reaffirmation of our growth and commitment to attract and support all levels of production in Toronto. I’m proud we’re leading the way in adding more purpose-built facilities to our city’s thriving film and television industry.” “This impressive expansion is a great example of an effective cooperative partnership between Toronto’s public and private sectors, the expansion at Pinewood Toronto will create well-paid jobs, generate a robust economic spill-over, and increase the City’s revenue. Projects like this one support the growth of our film and television sector and add to our clout as a North American industry leader.” Blake Steels, President of Pinewood Toronto Studios, says: “This expansion builds our capacity to host additional productions simultaneously on our lot. This means more films for Toronto which is good for the whole film industry, the whole city. In 2013, Pinewood Toronto Studios added three purpose-built sound stages to our campus so we could support productions of all sizes.” “It’s positive news for the production community in Toronto that we are expanding our studio footprint at Pinewood Toronto Studios. The additional space gives us the ability to service more productions and bring more industry jobs to Toronto.” Michael Kraljevic, President and CEO of Toronto Port Lands Company, says “Toronto Port Lands Company is pleased with this development initiative by Pinewood Toronto Studios that will reclaim previously underutilized brownfields to create useable, employment space. Since our initial investment in 2005 to establish an anchor film tenant in the port area, we consider ourselves much more than just a landlord but also a catalyst for the film business in Toronto.” |
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PINEWOOD TORONTO STUDIOS TO ADD MORE PURPOSE-BUILT STUDIO FACILITIES
