EXCLUSIVE: The Camden Movie Quarter has moved a step nearer after the native authority within the London district adopted the so-called ‘Masterplan Imaginative and prescient’ for the brand new improvement.
As revealed by Deadline, the plan is to create a neighborhood with movie and TV at its core in Kentish City within the London Borough of Camden. In addition to soundstages and workshop area, there can be a brand new London Display screen Academy campus and public-facing studio excursions.
A ‘Masterplan’ outlined the framework and long-term proposition. This plan – additionally known as ‘Space Steering’ – has now been formally adopted by the London Borough of Camden.
Yoo Capital is behind the Camden Movie Quarter, which has a price ticket of about £1BN ($1.3BN). It’s the actual property funding agency behind the redevelopment of London’s Olympia and the Saville Theatre, which is able to grow to be the primary everlasting UK house of Cirque du Soleil.
The following stage is for Yoo Capital to submit extra detailed plans and safe planning permission. It’s anticipated these plans can be submitted later this yr. If planning is then forthcoming, work might begin in 2026. The primary soundstages might come into operation in 2028.
Lloyd Lee, Managing Companion, Yoo Capital, mentioned: “We’re thrilled that the Regis Street Space Steering has been adopted by Camden, marking a step in direction of our imaginative and prescient to convey ahead a world-class vacation spot for movie, tv and digital content material manufacturing within the coronary heart of Camden.”
He mentioned the plan relies on a number of interlinked pillars, which, as they relate to the movie and TV sector, embody “long-term employment with revolutionary SMEs and main world employers within the inventive industries.”
With the intention to supply schooling and coaching services, reasonably priced housing, and new public areas, the plans have gained favor with native politicians.
“The adoption of the Regis Street Space Steering is an enormous step for Kentish City,” mentioned Councilor Adam Harrison, Deputy Chief and Cupboard Member for Planning and a Sustainable Camden. “Not solely do we have now a transparent, community-driven plan for the world’s future, however the thrilling prospect of the Camden Movie Quarter provides one other layer of alternative.
