Pinewood Shepperton, home of the James Bond film series, has taken full control of its film production site in Shepperton after buying out Aviva from its joint venture for £36.8m.
Shepperton Studios Property Partnership, which has existed since 2006, will now fall under the sole ownership of Pinewood.
Since 2006, £9.8m has been invested at Shepperton Studios through the partnership, resulting in consistent earnings growth through optimising occupancy of the studio’s sound stages and TV and film production facilities.
The studios are famous for having been the locations in which film series, including the Avengers and Star Wars, have been shot there. “The purchase of Aviva’s interest in SSPP will give the company full control over the Shepperton site and future investment in the facilities there,” said Pinewood chief Ivan Dunleavy.