Squid Game maker Netflix opening giant new studio in north London

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Netflix has signed a deal for a new studio and sound stage at Enfield, as the firm continues to invest in production across the UK.

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etflix has called the UK one of its “most important centres”, as it has agreed a lease to open a major new production site in Enfield, north London.

The entertainment streaming giant has signed on from FTSE 100 landlord Segro to take over the space, where it will have a sound stage, studio and areas for make-up and costumes.

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Netflix, which has seen the new drama Squid Game become the most popular series of all time, garnering more than 111 million viewers since its debut last month, boosts its wealth presence in the Southeast in recent years. is increasing.

In September it moved to Longcross Studios in Surrey, adding sites such as Shepperton Studios.

The latest lettings are understood to be around 230,000 square feet, and Netflix will be rolling out next year.

The firm’s vice president, physical production, Anna Mallett, said Segro Park Enfield Space “builds on our commitment to spending over $1 billion on productions across the UK this year, investing in the creative community and supporting the next generation of talent.” Is”.

It is estimated that this investment will help create around 20,000 jobs in the UK.

Mallett said: “The UK is one of Netflix’s most important centers: its creative talent, combined with a highly skilled and versatile workforce, creates an ecosystem that makes this country one of the best places to do business. “

Alan Holland, Managing Director, Greater London, warehousing landlord at Segro, who was mentored by property agent Lambert Smith Hampton, said: “The creative industry sector is an exciting market for us and this deal with Netflix is ​​due to our high flexibility and versatility. Displays talent. -Quality warehouse.”

Enfield Council leader, Counselor Nessiel Caliscan, said: “Efforts have been made to create a business friendly, supportive and welcoming environment for the film and television industry and the borough is now home to the largest concentration of new studios in London”. .

Earlier this year the Sunday Telegraph reported that “exploratory” talks were taking place between Segro and Netflix. The report said the site has easy access to M25, which is “viewed as a major draw for TV and film production crews”.

The deal has now been signed, shortly after Segro completed construction on the new site. It is about a 13-minute walk from Ponders End Train Station.

Lambert Smith Hampton boss Ezra Nahom said: “We are seeing unprecedented demand for film studios and related space. Activity from both occupiers and investors is strong.”

According to real estate consultancy JLL, the demand for new studio capacity, services and facilities has never been higher, with new developments of up to 4.5 million sq ft being considered to meet this. This is more than twice the current amount of permanent stage space in the UK.

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