Hackman Capital Partners and partner Square Mile Capital Management, today announced the purchase of Wardpark Film and Television Studios, Scotland’s preeminent studio campus, located in Cumbernauld, Scotland.
The transaction is the latest addition to a portfolio of the world’s best-in-class studio assets owned by thepartners, in addition to their studio operating and services affiliate, The MBS Group, the global leader in studio services, equipment and technology.
ABOUT HACKMAN CAPITAL PARTNERS AND THE MBS GROUP
Hackman Capital and its affiliate The MBS Group have developed the world’s leading film and television studio and media services platform. In addition to operating its own studio assets, the platform designs, develops and builds studios; manages studios for other studio owners; and provides global content creators with comprehensive production services and studio-based equipment rentals.
The MBS Group supports nearly 400 sound stages and more than 400 productions per year from its network of 65 locations across six countries. Hackman Capital Partners’ studio assets, through affiliated entities, include The Culver Studios, Television City Studios, MBS Media Campus, Silvercup Studios, Kaufman Astoria Studios, Second Line Stages, Raleigh Studios, Sony Pictures Animation Studios, Ardmore Studios, Troy Studios, Eastbrook Studios London and The Wharf London.
ABOUT SQUARE MILE CAPITAL MANAGEMENT LLC
Square Mile Capital Management LLC is an integrated institutional real estate and investment management firm based in New York. The firm has an established history of successful investing in commercial real estate at all points in the market cycle. Square Mile Capital's experience supplying flexible equity and debt capital solutions in diverse property sectors and across the risk spectrum, combined with its integrated national sourcing and investment platform, facilitates the creation of value for its investors, partners, borrowers and counterparties. Square Mile Capital seeks to identify the impact of long-term trends on real estate values and targets its equity investments on key investment strategies likely to benefit from such trends. The firm's commercial real estate debt platform provides customized capital solutions for real estate owners and developers throughout the United States utilizing its broad investment platform, product expertise and research resources. For more information, visit www.squaremilecapital.com.
ABOUT WARDPARK FILM AND TELEVISION STUDIOS
Located in Cumbernauld, to the North East of Glasgow, Wardpark Film and Television Studios is Scotland’s pre-eminent production facility. Featuring five sound stages, totalling approximately 200,000 square feet, plus a generous external green screen area and flexible back lot, the studios also benefit from direct access to the stunning locations which surround it. As a ‘fully integrated’ studio, the onsite facilities include production offices, workshops along with make-up and wardrobe space.
Filming in the area is supported by a wealth of locally based, specialist production personnel and crew. As ongoing host to long-running historical drama Outlander (Starz/Sony Pictures Television/Left Bank), the studio has established itself as the region’s premier production hub. Wardpark Film and Television Studios continue to be of both local and national economic importance and play an integral part in supporting the Scottish Government's aim to grow further the levels of domestic and international production choosing to film in Scotland.
For Hackman Capital Partners and The MBS Group:
For Square Mile Capital Management: