18/02/2014 - £90 million development will be spread over 180,000 square feet in Cardiff

British studio group Pinewood will create a £90 million, 180,000 square feet facility in Wales in partnership with the government of Wales. Pinewood operates the Pinewood, Shepperton and Teddington studios in the UK, Pinewood Toronto in Canada, Pinewood Indomina in the Dominican Republic, Pinewood Berlin in Germany, Pinewood Iskandar in Malaysia and Pinewood Atlanta in the US. Pinewood Studio Wales will be located at the former Energy Centre building at Wentloog, Cardiff.

Welsh First Minister Carwyn Jones said, “Attracting such an iconic global brand as Pinewood is wonderful news for Wales. Pinewood is synonymous with world class British and international productions, including the James Bond film franchise, and home to some of the most successful feature films ever made. This high-profile investment is of significant economic value to Wales while the partnership between the Welsh Government and Pinewood offers a priceless opportunity to promote Wales as a world-class location for film and television production. This is a great example of how we are proactive in attracting business to Wales. We approached Pinewood when we heard they faced a lack of studio capacity and seized this opportunity to bring this world class brand to Wales.”

Pinewood CEO Ivan Dunleavy said, “This builds on our success with Pinewood Pictures and managing the Isle of Man Treasury Film and Television Fund.  Our combined advisory investment funds now total £55 million making them one of the largest investment portals for new British television and film content.”