Work on 'the Pinewood of the North' is officially underway following the sale of the Littlewoods Pools building in Liverpool.
The iconic building, acquired by Capital & Centric, will be transformed into a £35 million film and television studio hub, creating 350 new jobs.
Capital & Centric has agreed a 250-year lease with Liverpool City Council to create a hub for film, TV and other creative industries at the site, which has long been a regeneration target for the city.
The company hopes to make the building “the heart of Liverpool’s film and media industry.”
Tim Heatley, co-founder, Capital & Centric, said: “This acquisition marks an important milestone for us, it is the result of more than five years hard work and the next step in realising our vision for this high profile site.
“Liverpool City Council and the Homes & Communities agency have been very supportive of our plans for this iconic building, which forms an important gateway to the city. We’re excited at the opportunity to restore the Littlewoods Buildings and give it an exciting new lease of life that will put it on a national stage and finally give it the recognition that it deserves.
“Our vision for the site is to see it not just become the heart of Liverpool’s vibrant film and media industry, but a draw to companies in this sector both nationally and internationally. We aren’t looking for companies interested solely in co-location, but in collaboration, to be a part of a hub that can fully capitalise on Liverpool’s world-class offer as a filming location."