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From the Ablrate Blog

Modular units loan 16/02/2017

Modular Units Loan

I think all men fancy themselves as a bit of a James Bond. A dab hand at the casino, ladies man, deadly in hand to hand combat, part of the jetset… ah yes… it would be nice. Sadly I suck at anything but Blackjack (and I still suck at that, just a little less), I have been married for 12 years, so ladies (plural) would be a deadly mistake (think laser between the legs Mr Goldfinger), I may be able to hold my own in a fight for a second or two on a good day and my jet setting is usually for work, so Bond I am not.

However, today I am feeling all Bond, and so can you. Pinewood Studios, spiritual home of the James Bond franchise, has turned to our customer the Catfoss Group, to have them install a modular office block as part of the new expansion plans that the studio is undertaking. Catfoss have asked our lenders to assist with a loan of £750,000 and so far they are feeling all Bond too, with over £570,000 committed in just 23 hours! (EDIT: This loan completed shortly after this article was published, you may be able to trade some of it on our secondary market).

The 007 Stage was originally built for the Bond film The Spy Who Loved Me (1977) and featured a massive water tank, one of the largest in Europe. The stage was destroyed by fire in 1984; it was rebuilt four months later and renamed Albert R. Broccoli’s 007 Stage in time for filming to commence on A View to a Kill. Another fire on 30 July 2006 seriously damaged the stage, causing the roof to partly collapse. Construction of a new stage began on 18 September and was completed in under six months. Since then, the stage has accommodated large productions including Prince of Persia: The Sands of Time (2010), Quantum of Solace (2008) and the whole fishing village from Mamma Mia! (2008) was built on the stage.

As well as the 007 Stage, which is the largest stage at any of the studios under The Pinewood Studios Group at 59,000 sq ft, the studio has fifteen other stages ranging from just 1,728 sq ft, to cater for productions of all sizes. One of those studios, the T Stage, is a specialist stage for both television and film productions and the Studios second largest stage at 30,000 sq ft.

The studios have acres of backlots where huge sets have been built, from castles to whole villages including Godric’s Hollow from the Harry Potter film series.

Pinewoods’ expansion will be a boon to the local economy:

  • providing £194m of private sector infrastructure investment
  • supporting over 8,100 full time jobs
  • creating some 3,100 net additional jobs
  • producing an additional £149m in Gross Value Added
  • providing an additional contribution to the Exchequer of £36m per annum
  • generating an additional £37m per annum in UK exports

Joking aside, Pinewood is a great British success story and we are thrilled to be able to offer our lenders the opportunity to help our client become part of the expansion of this historic film studio. For those of you who have bid so far, thank you very much and we look forward to updating you soon… or I may get Miss Moneypenny to do it.

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