Squire Patton Boggs has advised the world’s leading media real estate and studio services organisation, a joint venture of Hackman Capital Partners and its affiliate The MBS Group, and Square Mile Capital Management, on the acquisition of two renowned film and television studios in Ireland – Ardmore Studios, Bray Co Wicklow and Troy Studios, Castletroy, Co Limerick. The partnership owns the world’s largest independent studio and media portfolio, which now includes approximately €3.6 billion in media real estate assets and exclusively services over 360 sound stages within its MBS Group network of over 65 locations across 46 cities and four countries.
With the addition of Ardmore Studios and Troy Studios to their studio portfolio, the partnership further bolsters its reputation for best-in-class production facilities throughout the world’s global production hubs.
The team advising on the deal was led by partner and Birmingham head of Corporate Geoff Perry and Corporate associate Leyla Parvizi, Financial Services partner Roy Grist and Real Estate partner Nick Green.
Mr. Perry commented: “We are delighted to have advised our client on the expansion of its portfolio with the acquisition of two iconic studios in Ireland, recognised as a world-class production destination for international film and high-end TV production. Recent productions at the studios include Netflix’s ‘The Winx Saga’ and Apple TV’s upcoming sci-fi series ‘Foundation.’”
The firm has advised Hackman Capital Partners, The MBS Group and Square Mile Capital on a number of significant transactions, notably on its agreement with Barking and Dagenham Council to build London’s largest film and TV production centre in Dagenham at the end of last year.
Hackman Capital Partners is a privately held real estate investment and operating company that focuses on buying, renovating and re-imaging vintage commercial, industrial, and studio properties. With approximately 2,000 employees and studio staff, Hackman Capital Partners and its affiliate The MBS Group, partnering with Square Mile Capital, operate the world’s largest studio and media platform, acquiring and servicing premiere studio and media facilities and related real estate opportunities in the top production markets around the world.