Newspaper article The Evening Standard (London, England)

Buyer Saves Twickenham Film Studios

Newspaper article The Evening Standard (London, England)

Buyer Saves Twickenham Film Studios

Article excerpt

Byline: Louise Jury Chief Arts Correspondent

A DEAL to save the century-old Twickenham Film Studios is to be completed within weeks after an anonymous bidder made an offer that would clear existing debts.

The studios where films including War Horse and The Italian Job were made were expected to close after administrators said movie-making could not continue on the site in the light of rising debts and fierce competition from the bigger complexes of Pinewood and Leavesden.

But housebuilder Taylor Wimpey withdrew plans for a residential and commercial development on the site after Richmond council threw its weight behind campaigners eager to preserve its movie history.

The local authority said it would not permit a change of use until all efforts to sell the site as film studios had failed. Administrator Gerald Krasner at Begbies Traynor then embarked on talks with two potential bidders and accepted a higher offer that would "comfortably" clear existing debts of about [pounds sterling]1 million and preserve the jobs of the 14 staff, he said today. …

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