Film company Technicolor has signed up to be one of the first tenants at Pinewood Shepperton’s new media park, next to the studios where Casino Royale and The Da Vinci Code were filmed.

Pinewood Shepperton has signed up Technicolor to take a 42,000 sq ft building for its UK headquarters.

Technicolor, a subsidiary of Thomson, will use the building as its offices and also for its film processing studios. Pinewood Shepperton will fund the construction of the building with existing resources.

Step forward

Pinewood said that the pre-let was a ‘major step forward’ in the master planning initiatives for the media park, which could be up to 1m sq ft when complete. The company is also planning a 105-acre residential-led extension to the studios, comprising of ‘real-life’ film sets from Paris, London and New York.

Ivan Dunleavy, chief executive of Pinewood Shepperton, said the signing of the agreement marked: ‘Not only a significant step forward for our masterplan but also further underlines the attractiveness of our studio sites as clusters for the creative industries in future.

‘We continue to make steady progress on our strategic aim of diversifying our business through growing our television and media park revenues.’