Word: pinewood
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...Amid a Japanese-style setting of pinewood and granite, Iggy's pushes gastronomic boundaries, but never past the comfort barrier. "I don't serve food that shocks," says Ignatius Chan, the French-trained sommelier who started the cozy 38-seat restaurant four years...
...create these live/work clusters are pretty well proven. You can think of Silicon Valley as an example," says Dunleavy, who expects most buyers will be film industry employees, though the units would be available to anyone. Media reports set the project's cost at around $400 million, a figure Pinewood doesn't dispute but won't confirm. So another possible benefit could be to recoup costs by selling properties that almost certainly won't go cheaply. Moreover, the land in question - which Pinewood owns - is located within the greenbelt, a swath of rural land that rings London where development...
...Since its creation in 1937 on the grounds of a 19th-century manor house just outside London, Pinewood has been used for some 1,500 movies - Great Expectations, Dr. Strangelove and Sweeney Todd among them. All the James Bond films, except Goldeneye, were shot here. In recent years, however, Pinewood and its nearby sister studio, Shepperton, have faced competition from low-cost Eastern European countries. Britain will never be an inexpensive place to make movies, but Pinewood hopes to remain competitive with this one-stop-shop concept, creating economies of scale by combing popular permanent sets with Britain's experienced...
...filmmakers jumped 28% to nearly $650 million in the first half of 2007 compared to the same period in 2006, overall spending for the first six months was flat at around $900 million. The U.K. industry could also take a hit if the screenwriters' strike in the U.S. continues. Pinewood's already announced a $6 million loss of revenue for 2008 because the strike postponed filming of The Da Vinci Code sequel. The unpredictable nature of the movie business is why the studio has in recent years branched into television and commercial filming - only half its revenues now come from...
...Pinewood expects to start groundbreaking for the expansion within 18 to 24 months, if there are no planning-application hitches - though that's not guaranteed, given the greenbelt issue. If it remains on schedule, however, construction could be finished in three to five years. Then it'll be: Cue the real-estate agents...