Pinewood Studios Development Framework Update
Pinewood Shepperton plc ("the Company"), a leading provider of services to the global film and television industry, announces that the Company will today (15 October 2014) submit to South Bucks District Council for approval the detailed design of the first phase of the Pinewood Studios Development Framework (“PSDF”).
The initial phase will comprise five stages, ten workshops, production offices and associated infrastructure and landscaping. In the last four months since the Company was granted outline planning permission for the PSDF, management has been developing the detailed design of the first phase.
Subject to approval of the detailed design, which is anticipated by the end of 2014, construction work on the first phase is expected to commence in Q1 2015, with occupation in Q1 2016. The addition of the PSDF first phase buildings and backlot to the existing facilities will significantly expand the Group's overall capacity to accommodate major feature films, television programmes, commercials and other screen-based productions at Pinewood Studios.
The Company will make further announcements on PSDF as appropriate.