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The state is backing a €300 million new studio complex in Greystones and promising 1,500 jobs

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Two US-based investment firms are working with the state to open Ireland’s largest film studio in Greystones, Co. Wicklow.

Total investment in the project – a joint venture between Hackman Capital Partners, Square Mile Capital Management, the Ireland Strategic Investment Fund and Capwell, a subsidiary of developer Sisk – is estimated at nearly €300 million.

The new development will help create up to 1,500 new jobs, including 450 during the construction phase, the companies said in a statement.

Hackman and Square Mile were behind the August 2021 acquisition of Irish studios Ardmore and Troy.

MBS Group, which operates Ardmore Studios in Wicklow, will assist with studio design and oversee operations when the new campus opens.

The new Greystones Media Campus will span 670,000 square feet and will include studio space and 14 state-of-the-art sound stages.

The first seven sound stages and the associated office, workshop and backyard areas will be delivered in mid-2024.

The audiovisual sector is currently worth over €1 billion to the Irish economy and employs around 12,000 people.

Finance Minister Paschal Donohoe welcomed the investment.

“This investment reflects the positive work that the industry has done over the past several years,” he said.

“It is also an indication of the impact of longstanding government support for the expression of Irish and European culture through audiovisual works and the creation of quality employment opportunities for those working in the sector.”

Michael Hackman, founder and managing director of Hackman Capital Partners, said Ireland is “a premier destination for content creators around the world”.

Square Mile Capital CEO Craig Solomon said demand for modern, well-run studio facilities in Ireland is “very strong and is expected to remain so for the foreseeable future”.

https://www.independent.ie/business/jobs/state-backs-300m-new-studio-complex-in-greystones-promising-1500-jobs-41529611.html The state is backing a €300 million new studio complex in Greystones and promising 1,500 jobs

Fry Electronics Team

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