Aviva Investors agrees long-term partnership with Netflix at Longcross Studios

(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has entered a long-term agreement with Netflix, the global entertainment company, to operate and significantly expand the extensive film and production facility at the renowned Longcross Studios complex in Surrey.

The partnership, which will see Netflix take a long-term lease at the site, is expected to significantly increase the breadth and calibre of production facilities at what is already one of the country’s leading film production sites and furthering the UK’s status as a leading global centre for the cinema industry.

As part of the announcement, Aviva Investors has also acquired the remaining stake in a 72-acre film production site, which has been purchased from joint venture partner, Crest Nicholson, for £45 million.

Longcross Studios is a film and television production facility of significant heritage and importance to the British film industry, having provided production and filming facilities for major global productions including the James Bond franchise, films from the Marvel Cinematic Universe, the Star Wars series and ITV television drama Broadchurch. The existing facility includes four main stages, 200 acres of backlot, a two-and-a-quarter mile test track, an off-road course, as well as a 150-year-old manor house which has been home to ‘Call the Midwife’.

The deal furthers Aviva Investors’ ownership of land at Longcross, with the business having co-owned the site – which totals approximately 380 acres – alongside its joint venture partner, Crest, since 2003. It also deepens Aviva Investors’ existing relationship with Netflix, which has its London headquarters in Fitzroy Place and also recently took residency of a substantial site in Uxbridge.

It also extends Aviva Investors’ provision of facilities to the British film and television industry, having completed the letting of two buildings in Park Royal, North West London, in January which will be turned into the brand-new 62,000 sq ft Garden Studios film studio complex. The asset manager has also invested into several buildings which currently house the BBC, STV and the Moving Pictures Company.

James Stevens, Head of Development, Global Real Estate, at Aviva Investors, said:

“We are very pleased, not only to increase our investment in Longcross and the UK’s creative industry, but also to grow our relationship with Netflix and bring a world-leading business to the region and further our strategy of actively targeting unique opportunities in this sector. It is exciting to see such a large global brand and pioneer in the digital entertainment industry demonstrate a strong, long-term commitment. We are confident that Netflix’s presence at Longcross will further cement it as a leading studio and create a truly world-class production centre for the British film industry. Moreover, this project will increase the depth and breadth of local employment opportunities, whilst also creating value for the UK pension schemes that make up a large proportion of our investor base.”

Anna Mallett, Vice President, Physical Production, EMEA/UK, at Netflix, commented:

“We are delighted to announce the expansion of our production presence in the UK. The new lease at Longcross highlights our commitment to investing in the UK creative industry and will provide a wealth of opportunities and production jobs, from entry level to heads of department. We’re excited to work with some of the best storytellers in the business to create amazing new films and series for our members.”      

For more information contact:

A picture of James Morgan

James Morgan

Media Relations Manager

A picture of Steve Ainger

Steve Ainger

Head of Media Relations

Important information

Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (AIGSL). Unless stated otherwise any views and opinions are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. Information contained herein has been obtained from sources believed to be reliable but has not been independently verified by Aviva Investors and is not guaranteed to be accurate. Past performance is not a guide to the future. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. Nothing in this material, including any references to specific securities, assets classes and financial markets is intended to or should be construed as advice or recommendations of any nature. Some data shown are hypothetical or projected and may not come to pass as stated due to changes in market conditions and are not guarantees of future outcomes. This material is not a recommendation to sell or purchase any investment.

In Europe this document is issued by Aviva Investors Luxembourg S.A. Registered Office: 2 rue du Fort Bourbon, 1st Floor, 1249 Luxembourg. Supervised by Commission de Surveillance du Secteur Financier. An Aviva company. In the UK Issued by Aviva Investors Global Services Limited. Registered in England No. 1151805.  Registered Office: St Helens, 1 Undershaft, London EC3P 3DQ.  Authorised and regulated by the Financial Conduct Authority. Firm Reference No. 119178.

In Singapore, this material is being circulated by way of an arrangement with Aviva Investors Asia Pte. Limited (AIAPL) for distribution to institutional investors only. Please note that AIAPL does not provide any independent research or analysis in the substance or preparation of this material. Recipients of this material are to contact AIAPL in respect of any matters arising from, or in connection with, this material.  AIAPL, a company incorporated under the laws of Singapore with registration number 200813519W, holds a valid Capital Markets Services Licence to carry out fund management activities issued under the Securities and Futures Act (Singapore Statute Cap. 289) and Asian Exempt Financial Adviser for the purposes of the Financial Advisers Act (Singapore Statute Cap.110). Registered Office: 1Raffles Quay, #27-13 South Tower, Singapore 048583. In Australia, this material is being circulated by way of an arrangement with Aviva Investors Pacific Pty Ltd (AIPPL) for distribution to wholesale investors only. Please note that AIPPL does not provide any independent research or analysis in the substance or preparation of this material. Recipients of this material are to contact AIPPL in respect of any matters arising from, or in connection with, this material. AIPPL, a company incorporated under the laws of Australia with Australian Business No. 87 153 200 278 and Australian Company No. 153 200 278, holds an Australian Financial Services License (AFSL 411458) issued by the Australian Securities and Investments Commission. Business Address: Level 30, Collins Place, 35 Collins Street, Melbourne, Vic 3000, Australia.

The name “Aviva Investors” as used in this material refers to the global organization of affiliated asset management businesses operating under the Aviva Investors name. Each Aviva investors’ affiliate is a subsidiary of Aviva plc, a publicly- traded multi-national financial services company headquartered in the United Kingdom. Aviva Investors Canada, Inc. (“AIC”) is located in Toronto and is registered with the Ontario Securities Commission (“OSC”) as a Portfolio Manager, an Exempt Market Dealer, and a Commodity Trading Manager. Aviva Investors Americas LLC is a federally registered investment advisor with the U.S. Securities and Exchange Commission. Aviva Investors Americas is also a commodity trading advisor (“CTA”) registered with the Commodity Futures Trading Commission (“CFTC”) and is a member of the National Futures Association (“NFA”).  AIA’s Form ADV Part 2A, which provides background information about the firm and its business practices, is available upon written request to: Compliance Department, 225 West Wacker Drive, Suite 2250, Chicago, IL 60606.