Quinn Estates gets nod for £250m film studio-led regeneration project in UK

WCN Editorial Team 24 Apr 2020 EUROPE BUILDINGS

Quinn Estates and The Creative District Improvement Company (TCDI) have received development approval from the Ashford Borough Council in the UK for the £250m film studio-led regeneration scheme.

Quinn Estates, which is the project’s master developer, expects the regeneration of derelict railway works site in Ashford, Kent would make the town a key hub in the UK for the creative industries. The site has been abandoned since the 1980s.

Expected to create 2,000 jobs, the project will deliver 240,000ft2 of dedicated production space with Ashford International Studios set for launch in 2022.

Quinn Estates said that the four new-build film studios will comprise the highest acoustic and lighting specifications.

Additionally, the project will deliver 120-bed hotel and repurpose Grade II listed locomotive sheds for mixed commercial and residential, in addition to a roof-top restaurant and a 383-space multi-storey car park.

U+I is serving as a funding partner while TCDI is the operator for the project. It is designed by architects Hollaway.

Quinn Estates CEO Mark Quinn said: “We are also at an exciting stage in the process of attracting a number of private equity and institution backed funds to invest in the site.

“Netflix and Amazon are among those vying for our production space. This decision will mean we will be able to confirm with them that the studios will be open for business in 2022.

“This will allow them to, at last, start the formal process of bidding to occupy our space at Ashford International Studios.

“Both companies are scheduling production up to three years ahead, and will therefore be able to commit, before we are even in the ground.”

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Rendering of the film studio-led regeneration scheme in Kent, UK. (Credit: Ashford Borough Council)

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