17 December 2014

Carey Olsen advises on purchase of major film studios

Carey Olsen's corporate and finance team in Jersey has assisted Travers Smith in advising Pinewood Shepperton plc in relation to its acquisition of a 50% interest in Shepperton Studios Property Partnership (SSPP) from Aviva Investors for £36.8 million.

The SSPP was formed in 2006 in a joint venture between Aviva and Pinewood Shepperton plc, a leading service provider to the global film and television industry. Its mandate was to hold and develop the land and buildings of Shepperton Studios under a 999 year lease and to underlet it to Shepperton Studios Ltd for 20 years.

Carey Olsen partner Robin Smith was assisted by senior associate Christine Fox.