WELSH Government has today confirmed that the media investment Business, Great Point has entered into an agreement to lease and manage Seren Stiwdios near Cardiff.
Great Point will manage the studio for 10 years, with an option to acquire and expand the large studio complex. The agreement, which came into effect this week, closely follows Great Point’s recent announcements of the building of Lionsgate Studios in Yonkers, NY, as well as a second studio complex in Buffalo, New York. This third studio signals Great Point’s commitment to expanding its efforts to build and manage state-of-the-art production facilities in key production cities, where pressure on existing studio space is ever-increasing.
Seren Stiwdios in Cardiff, Wales, was built and developed by the Welsh Government in 2015. It has four large stages totaling 74,000 square feet, in addition to copious production office and ancillary space. Nearby locations are spectacular and diverse, with cityscapes, coast and countryside all easily accessible. Film and TV productions which have shot at Seren include The Huntsman: Winter’s War, Sherlock, Show Dogs, The State, A Discovery of Witches, The Crown and Doctor Who.
Great Point, which is run by Jim Reeve and Robert Halmi expects to exercise its option to acquire