GE Real Estate is the lead partner for a $50 million refinancing of Vancouver Film Studios, a state-of-the art film and television studio complex.
“GE Real Estate was able to provide us with a simple but flexible solution that enhanced our ability to service our existing customers and attract more productions to Vancouver,” said Jason McLean, president and COO of The McLean Group, Vancouver Film Studio’s parent company.
Vancouver Film Studios is a full-service production facility with a portfolio that includes 11 buildings totaling more than 268,000 square feet and a significant equipment rental inventory through its wholly owned subsidiary Pacific Backlot Services. Situated on nearly two city blocks just fifteen minutes from downtown Vancouver, it offers state-of-the-art stages, office complexes, mill space, construction shops, parking, gym, helipad and other production buildings on a fully secured lot. Home to award-winning film productions & television series, Vancouver Film Studios is also Canada’s first carbon neutral production facility.
“GE Real Estate is proud to be a financial partner with Vancouver Film Studios,” “We were able to quickly execute this transaction despite its complexity, and Vancouver Film Studios is well-positioned to capitalize on growing market demand.”
“This investment supports our strategy to further strengthen GE’s presence throughout the rapidly growing region of British Columbia and Western Canada,” commented Alexandre Sieber, vice president and general manager of GE Real Estate’s Business Property division. GE Real Estate possesses more than US$79 billion in assets and a presence in 32 countries throughout North America, Europe, Asia, and Australia/New Zealand.