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Project Pinewood hits the end of the road as planning proposal is rejected

21-Jan-2012 • Bond News

The long-running saga of 'Project Pinewood' seems to be at an end today after the government blocked their planning attempts for a £200 million development.

The project aimed to created permanent sets that also doubled as accommodation. The streetscapes would have represented such cities as Paris, Venice, Amsterdam, Prague, San Francisco and New Orleans giving British filmmakers on a tight budget the opportunity to shoot locally while also enhancing Pinewood’s international offer. The plans included building 1400 homes, including affordable housing, that would have been open to all comers and provided special discounted rates for staff.

Press Release
Pinewood Shepperton plc (“The Company”) is disappointed by today’s decision by the Secretary of State for Communities and Local Government to refuse planning permission for Project Pinewood. The Company will now take time to review the decision in detail.

The Company’s investment in the Project Pinewood land and costs incurred for the planning application are not material to the long term prospects of the Company. The Company will continue to implement its master planning consents at Pinewood and Shepperton studios and pursue its international strategy of developing studios overseas.

Pinewood Shepperton plc is the leading European provider of studio and related services to the worldwide film and television industry.

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