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20/10/2016
Ireland's Ardmore Studios For Sale
Ardmore Studios, located in Bray, Co Wicklow, Ireland, is for sale.
Situated on 18 acres, the studios is the only media hub in Ireland capable of providing production, post-production and support services for full-length feature films and TV productions. Its tenants include a range of film specialists offering pre and post production, as well as support services.
Productions currently on site include The Professor and the Madman and Into the Badlands with a number of potential productions in the pipeline for the coming months and year ahead.
It has been said that the sale will have no impact on the day-to-day operations of the studios.
In a statement, released on Wednesday, the majority shareholders in Ardmore Studios, Ossie Kilkenny and Paul McGuinness, together with original shareholder Enterprise Ireland, said they believe "the time is right for the sale." Mr Kilkenny and Mr McGuinness have owned the studios for almost 30 years.
Since 2013, the facility has operated at an average annual capacity of 85-90%. Over the past three years, the Directors have invested over €2m into the Studios to significantly enhance and upgrade its on-site facilities. In 2016, it also expanded its studio footprint and opened The Film Factor, a 47,000 sq ft facility on the Southern Cross Road to provide additional studio space to cater for market demand.
Established in 1958, Ardmore is the largest and only studio in Ireland to offer seven international standard sound stages with full support services on site It has been home to hundreds of international and national films and TV productions over the years including Braveheart; My Left Foot; Excalibur, and in more recent times, The Tudors; Moone Boy; and Penny Dreadful.
IBI Corporate Finance is acting on behalf of Ardmore Studio for the sale and can be contacted for a prospectus.
Image: Ardmore Studios.
www.ardmore.ie
(JP/LM)
Situated on 18 acres, the studios is the only media hub in Ireland capable of providing production, post-production and support services for full-length feature films and TV productions. Its tenants include a range of film specialists offering pre and post production, as well as support services.
Productions currently on site include The Professor and the Madman and Into the Badlands with a number of potential productions in the pipeline for the coming months and year ahead.
It has been said that the sale will have no impact on the day-to-day operations of the studios.
In a statement, released on Wednesday, the majority shareholders in Ardmore Studios, Ossie Kilkenny and Paul McGuinness, together with original shareholder Enterprise Ireland, said they believe "the time is right for the sale." Mr Kilkenny and Mr McGuinness have owned the studios for almost 30 years.
Since 2013, the facility has operated at an average annual capacity of 85-90%. Over the past three years, the Directors have invested over €2m into the Studios to significantly enhance and upgrade its on-site facilities. In 2016, it also expanded its studio footprint and opened The Film Factor, a 47,000 sq ft facility on the Southern Cross Road to provide additional studio space to cater for market demand.
Established in 1958, Ardmore is the largest and only studio in Ireland to offer seven international standard sound stages with full support services on site It has been home to hundreds of international and national films and TV productions over the years including Braveheart; My Left Foot; Excalibur, and in more recent times, The Tudors; Moone Boy; and Penny Dreadful.
IBI Corporate Finance is acting on behalf of Ardmore Studio for the sale and can be contacted for a prospectus.
Image: Ardmore Studios.
www.ardmore.ie
(JP/LM)
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