Home Production studio Downsview will host a world-class film and television production studio

Downsview will host a world-class film and television production studio

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PSP Investments Signs Memorandum of Understanding for Ground Lease with Hackman Capital Partners

MONTREAL and LOS ANGELES, June 30, 2021 /CNW Telbec/ – The Public Sector Pension Investment Board (“PSP Investments”), one of the from Canada the world’s largest retirement investment manager, today announced that it has signed a memorandum of understanding (“MOU”) with Hackman Capital Partners (“HCP”), a privately held real estate investment, operating and owner of the MBS group, for a long-term land lease at View down to the northwest Toronto, Canada, where HCP (or an HCP joint venture) will build a premier film and television production studio.

With growing demand for entertainment content and demonstrating its belief in the industry as a source of growth and value, PSP Investments is committed to content creation and the film and television production industry. In 2019, it announced a joint venture (“JV”) with HCP, Square Mile Capital Management, USAA and Teacher Retirement System of Texas for an investment in the new campus developed by HCP of Amazon Studios in Culver City, California and the MBS Media Campus at Manhattan Beach, California. The JV also acquired a minority stake in Television City Studios in Los Angeles and invested in The MBS Group, the largest provider of studio equipment and production in North America and the UK which provides all studio resources and infrastructure necessary for content production, including consulting services, studio design/development, training, technology incubation, management and operational oversight.

“PSP Investments is thrilled to enter into this partnership which reinforces our focus on content creation and opportunities that foster and drive innovation,” said Kristopher Wojtecki, Managing Director, Real Estate Investments, PSP Investments. “Hackman Capital Partners is the world’s leading independent owner and operator of film and television properties, and we are proud to partner with Michael Hackman, CEO, and team supporting an industry that attracts nearly $2 billion every year at Toronto. Additionally, the studio will take an innovative approach to sustainable design that goes beyond of the city of Toronto Green Standard Version 3, Tier 2 – further demonstrating how PSP places sustainability at the center of its investment strategy.”

“We are proud to continue our partnership with PSP Investments as we expand our presence in Canada; this new state-of-the-art film and television production facility will create thousands of new direct and indirect jobs through an investment of approximately 200 million Canadian dollars,” noted Michael Hackman, CEO of Hackman Capital Partners. “Subject to approval from city officials, our long-term plan calls for over one million square feet of production and support space, with soundstages ranging from 20,000 square feet to 80,000 square feet. squares, with the aim of creating jobs and boosting local and domestic creative sector investments while reaffirming the city’s stature as one of the world’s leading destinations for film and television production.”

Located in the North York District of Toronto, the grounds of Downsview Airport are approximately 370 acres. It is surrounded by world-class research and innovation centers and benefits from proximity and connectivity to public transport and highways. Northcrest Developments, a wholly owned subsidiary of PSP Investments, will be directly involved in integrating all future developments into View down.

“This plan will not only create thousands of jobs in film and television, it will open the door to a new hub of media, technology and innovation in View down on which we can build and grow for years to come,” said Christophe Eby, Executive Vice President, Northcrest Developments.

About PSP Investments
PSP Investments is one of from Canada largest pension investment managers with approximately $204.5 billion of net assets at March 31, 2021. She manages a diversified global portfolio of investments in public capital markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages the net pension contributions of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Based at Ottawa, PSP Investments has its principal business office in Montreal and offices at New York, London and hong kong. For more information, visit investpsp.com or follow PSP Investments on Twitter and LinkedIn.

About Hackman Capital Partners and MBS Group
Founded in 1986, Hackman Capital Partners is a privately held, fully integrated operating firm focused on the purchase, renovation and reimagining of period studios, commercial, industrial and other properties. Situated at Los Angeles, HCP has invested more than $6.8 billion in properties representing more than 36 million square feet and more than 400 buildings in 41 states. HCP is the largest independent owner and operator of studio properties with 8 studios comprising over 70 sound stages, 35 additional sound stages planned for development and nearly 5.0 million square feet of space.

The MBS Group, which is at the forefront of innovation and production technology, is a collection of companies that provides content creators with a comprehensive list of services, including equipment solutions, studio management , logistics and production planning for the dynamic and constantly changing. world landscape of physical production. The company covers the spectrum of physical locations for film, television and new media production services. The MBS group exclusively serves more than 40 studios and more than 350 sound stages worldwide.

Together, with over 800 employees, HCP and MBS Group operate a global studio and media platform with assets representing approximately $4.3 billion in capitalized cost. The platform acquires and services premier studios, media facilities and related real estate opportunities in the world’s major production markets. The HCP/MBS platform is a fully built and integrated global network of experienced professionals and studio personnel with the capabilities to acquire, develop, build, supply production infrastructure and equipment, logistical support, to operate and manage studios.

HCP’s studio and media portfolio includes: Culver Studios, the historic 14.3-acre downtown film and television studio City of Culver it’s the new home of Amazon Studios; Television City Studios, the iconic former CBS broadcast facility on 25 acres in the heart of West Hollywood; MBS Media Campus, a 22-acre state-of-the-art production facility in Manhattan Beach, California; Silvercup Studios, one of New York City the most iconic studios covering 10.4 acres; Second Line Stages, the only purpose-built production facility New Orleans, Louisiana; Eastbrook Studios London, which when completed will be the largest studio in the City of London; Saticoy Studios in Van Nuys, California and Raleigh Studios at Hollywood, California.

For more information, visit www.hackmancapital.com.

SOURCE PSP Investments

For further information: PSP Investments, Verena Garofalo, 1 844 525 3795, [email protected]; Hackman Capital Partners, Tyler Friedman, 1 310 943 8731, [email protected]

Related links

http://www.investpsp.ca/